The group’s international real estate investment strategy revolves around investments in the most suitable and profitable opportunities. Racetinovac Bay is one such project where a niche opportunity was identified to enter the Croatian leisure resort development arena. The Racetinovac Bay is spread over 7.92 Hectares of prime coastal land on the island of Ciovo for tourist resort development. It is situated in the heart of Croatia’s Dalmatian coastal archipelago, 15 km from the administrative centre of Split and 2 km from the popular tourist town of Trogir. Split airport is less than 30 minutes drive from the site.
The project comprises of a greenfield site extending to 88,180 sq m of land zoned for mixed use tourist commercial development, Category 2 (defined as T2 zone), allowing for apartments, villas, hotel, leisure and commercial facilities. The project is currently under detailed development planning.