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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Shake-out in Croatian tourism real estate as operators adapt post-crisis
A shake-out is taking place in Croatian real estate, particularly in tourism; over-leveraged hotels and resorts cannot function properly post crisis and will be bought out by operators catering to family-style markets, says Goran Medic, president of Arsenal Holdings. He told PIE that the impact of the global financial crisis came late, while many investors have been relying on European Union entry to bring capital profits.