THE CROATIAN INVESTMENT CONSULTANTS AND PROMOTION AGENCY


  INVESTMENT OPPORTUNITIES IN CROATIA

TOURISM AND CATERING PROJECTS IN CROATIA


DATA OF PROJECT 29

PROJECT TITLE: GOLF CROATIA


 
GOAL OF THE PROJECT  CONSTRUCTION OF A TOURNAMENT QUALITY GOLF COURSE WITH ACCOMPANYING FACILITIES
PROJECT DESCRIPTION The site of the golf course is adjoining a forest in the east, fields in the west, and the village in the south, while in the north there is an uninhabited area. The height above sea level is 17 to 33 mnm for the construction area. It should include ca. 76 ha, including the areas planned for the hotel, villas and apartment village. PUBLIC / CHAMPIONSHIP COURSE The public and at the same time championship course is a standard course with 18 holes PAR 72, consisting of 2 standard parts with 9 holes stretching from the golf house to the resting-place in the southwest and back to the club facilities. This course takes up ca. 40 ha, while together with the rough and biotope it covers the area of ca. 55 ha. The evening lighting of the pitch and putt course with the driving range in the summer months when days are too warm is recommended. A large parking area is situated near the entrance and can take up to 100 vehicles. TENNIS CENTRE The tennis centre is situated between the hotel and the residential area, east from the golf house and the parking area. The centre consists of three tennis courts, ground, turf and grass. The stadium is situated near the ground tennis court with 450 seats, toilet facilities, equipment renting and a small bar (total 1 ha). WATER SURFACES Considering the seasonal need for water, as well as the out-of season supply, large lakes are planned, to be filled from the spring of Sveti Lovro in the periods of high waters and used in the summer. Planting reed and putting stones on the upper edges shall ensure the invisibility of levelling in the lakes that are at the same time water hazards and tanks. 4 major lakes shall be dug out or built, all connected into a single canal system extending from the east to the west in order to achieve natural circulation. The need for additional insulation should be examined on a test sample. The dug-out soil will, if not necessary for the elevation of lakes, be used for elevation of fairways, tees and greens.
DESCRIPTION OF INVESTMENTS TO DATE LAND ACQUISITION HAS BEGUN

A CONCEPTUAL PROJECT AND PRE FEASIBILITY STUDY ARE IN PROCESS OF BEING COMPLETED

DESCRIPTION OF EXPECTED FINANCING FROM FOREIGN INVESTOR FOREIGN PARTNER WOULD BE RESPONSIBLE FOR SECURING FINANCING CAPITAL

POSSIBLE MANAGEMENT OF THE GOLF CENTER BY FOREIGN PARTNER

LIMITING FACTORS WATER AVAILABILITY MAY BE A LIMITING FACTOR
ENVIRONMENTAL IMPACT STUDY TO BE COMPLETED AS PART OF THE SPATIAL PLANNING DOCUMENTATION; AND LOCATION STUDY TOO

EXISTING DOCUMENTATION ABOUT THE PROJECT
 

PROGRAM STUDY YES
FEASIBILITY STUDY YES
PRELIMINARY STUDY YES
INVESTMENT PROGRAM YES
LOCATION STUDY YES
BUILDING PERMIT YES
SIZE OF THE BUILDING SITE/HECTARES 76,00 HA
SIZE OF THE BUILT (SPACE) GROSS DEVELOPED AREA/M2 RENOVATION  
NEW CONSTRUCTION 10.000,00 m2
TOTAL 10.000,00 m2
NUMBER OF WORK POSTS CURRENT NUMBER  
DEVELOPMENT PROGRAM  
TOTAL  
ESTIMATED NET PROFIT BEFORE TAXES (EURO)  

GOLF CROATIA BRIJUNI GOLF KROATIEN GOLF CROAZIA BRIONI

ESTIMATED VALUE OF THE PROJECT IN EURO
 

TOTAL PROJECT VALUE 140.500.000,00 U$
GUARANTEED FINANCING  
SOURCES OF FUNDS CREDIT FINANCING; SOUGHT BY NEWLY FORMED JOINT COMPANY
FUNDS INVESTED TO DATE 16.000.000,00 U$ 

OWNERSHIP STATUS %
 

PRIVATE 100,00
SHAREHOLDERS  
FUNDS  
TOTAL 100,00

FOREIGN INVESTMENT
 

INVESTMENT STRUCTURE MONEY/EQUIPMENT
INVESTMENT VALUE (EURO) 140.500.000,00 U$
POSSIBLE FORMS OF JOINT OWNERSHIP JOINT STOCK COMPANY

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