Helios Properties has bought Zagreb Business Park – the only international logistics park in Croatia – for around €68m (£53.5m).

The park, which is located on the Zagreb-Ljubljana highway, has the capacity for over 1m sq ft of development.

Phase one of the park – 592,000 sq ft – has been completed and pre-lets of over 200,000 sq ft and 63,000 sq ft respectively have been signed with Kuehne & Nagel and the Sportina group, which represents over 30 brands including Armani Collezione and Versace jeans.

King Sturge, the letting agent at Zagreb Business Park, said there is strong interest in the remaining 430,000 sq ft of phase one.

Construction on phase two, which is due to start later this year, will provide a further 484,000 sq ft.