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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. VILLAS AND APARTMANTS In order to make investment into golf complex profitable, the construction of ca. 20.000 m2 of residential facilities will have to be taken up, which are planned on the northern hillside near the driveway. Such position will ensure an attractive view over the golf course and enough of sun for all units, while one half of the rooms will overview the Gulf. The buildings are planned in several variations as duplex buildings on two levels with access from the higher main road and the lower auxiliary road (total 7,5 ha). GOLF HOUSE - HOTEL The golf house with ca. 1.000 m2 indoor space is situated in the northern part and, together with the parking area and the driveway, takes up ca. 2 ha. The facility with the irregular layout will integrate the functions of a golf house and accommodation capacities and will represent a hotel with all necessary facilities in accordance with the accommodation category. OUTBUILDINGS The outbuildings close the inner yard on two sides and cover ca. 550 m2. The access to the outer yards and the official parking area is possible from the south near the supply driveway (total ca. 1 ha). GREENHOUSE The area between forth, fifth and sixth hole is excellent for growing of grass coverings and other horticultural elements necessary for maintenance of the whole complex (ca. 2 ha). OTHER Driveways, paths, buffer zones etc. cover additional 7,5 ha. |
| 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) |
|
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 |
NAVIGATE
| |
