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Dec 11, 2017 15:53 EEST
December 11 (SeeNews) - Croatia's ailing concern Agrokor said it has moved out of its headquarters building in the Cibona business tower to smaller offices in the southeastern part of Zagreb, Zitnjak.
Agrokor explained in a statement last week that its number of employees is almost half the size compared to the beginning of 2017, and therefore a larger part of the tower was not in use.
"So it was decided that the central support services and the management team move physically closer to operational companies, the biggest of which are located in Zitnjak," Agrokor said.
The plan to better manage and use Agrokor-owned office space more efficiently also includes, in time, moving to the tower certain Agrokor Group companies, those who do not have their own space and are paying rent to third parties. The remaining space will be rented out to potential tenants.
The indebted concern, which is run by a receiver, said that it is unable to sell the tower due to numerous pledges on the property placed on it during the previous management.
"In case a serious buyer appears, the sale will be decided upon by the creditors," it added.
The Cibona business tower was Agrokor’s management building for nearly 18 years. Agrokor bought the first 14 floors from the company Astra in 1999. Today, the company is majority owner of the business tower, with a share of 76.03%, and has 5,905.16 m2 of office space at its disposal.
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