Croatia Exclusive Auction: Unique Investment Opportunity in Istria

The land is zoned for mixed-use development with a total capacity of 2,500 beds. The development envisions a resort that seamlessly blends hotels, villas, and prime golf courses. This balanced offering of golf, spa, conferencing, dining, and luxury accommodations ensures the resort's wide appeal across all seasons, making it a premier destination for international tourists.

"Given the property's location and significant development potential, this auction offers investors a rare opportunity to make a substantial impact in one of Croatia's most exclusive regions," said Ivan Laljak, Head of Capital Markets at Colliers Croatia. "We are excited to facilitate the sale of this unique site and look forward to the transformative project that will arise from it."

Colliers has been appointed as the exclusive sale advisor by Illyrian Land Funds. The owner aims to divest 100% ownership of this site through an organized auction process.

Croatia: A premier tourist destination with thriving economic and cultural appeal

Croatia is a leading tourist destination, with demand far exceeding supply. Tourism is one of the main drivers of the Croatian economy, contributing approximately 20% of the GDP. The country attracts over 90 million tourist overnights annually, with major markets including Germany, Slovenia, and Austria. With 206 nautical ports and 85 marinas, Croatia hosts 40% of the global nautical charter fleet, solidifying its leading position in nautical tourism. Moreover, Croatia holds significant potential for the development of golf tourism, which is currently underdeveloped due to the lack of golf courses in the country.

In January 2023, Croatia adopted the euro as its official currency and joined the Schengen Area, making travel and trade easier for citizens and businesses alike, and eliminating currency risk and exchange fees.

Located near Vodnjan, this site benefits from the rich cultural and historical significance of the region. Istria is renowned for its stunning Adriatic coastline, old hilltop towns, and fertile countryside with vineyards and olive groves. These attractions make the area a magnet for tourists, both domestic and international. In 2023, Istria recorded over 28 million tourist overnights, highlighting its status as a premier destination.

Illyrian Land Funds: Supporting sustainable development and economic growth

Illyrian Land Funds is a respected investment fund specializing in development land projects across Croatia, Slovenia, Serbia and Georgia. These projects reflect dedication to supporting local development and sustainable resource, offering opportunities for economic growth and community enhancement in those areas.

“We believe that this site has the potential to become a landmark destination, bringing significant benefits to the local community and economy” stated representatives from Illyrian Land Funds. "While Istria is already a developed tourist destination, we believe that the full potential of the region has not yet been fully utilized. The combination of natural beauty, cultural heritage, and gastronomy forms a strong foundation for further growth."

The flexibility of the property, with its various zones and substantial bed capacity, makes it suitable for a range of development options, from luxury hotels and exclusive villas to comprehensive tourist resorts with golf courses.

In summary, the development land near Vodnjan in Istria, Croatia, offers an unparalleled opportunity for investors seeking to capitalize on the region’s thriving tourism industry. Its extensive area, strategic location, and development potential make it an ideal site for creating a high-end mixed-use resort. With its proximity to the seafront and the numerous attractions of Istria, this property is poised to become a landmark development in one of Croatia’s most desirable regions.

All interested parties can participate in the auction process by contacting the Colliers office via email at ivan.laljak@colliers.com. Upon contacting, they will receive information on how they can join this exciting bidding process. Additional details can be found on the auction website, where participants will also track their bids and find additional information.