Development and construction of a Golf & Yacht Resort

GOLF LARUN – INVESTOR TEASER
Project: International tourist resort with marina, golf course, 5-star hotel, and luxury residences
Location: Larun Peninsula, Istria – Croatia
Developer: Histria Fecunda d.o.o.
Estimated total value: €500 million
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Objective
Search for financial partners, multilateral banks, or investment banks to co-finance and develop the Golf Larun project, an international-standard destination resort with a sustainable tourism focus.
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Brief Project Description
• Area: over 235,000 m² of private property
• Components:
18-hole golf course
5-star hotel and wellness center
70 luxury villas
Private marina + heliport
Integrated archaeological area and historic olive groves
Interconnected infrastructure (roads, networks, parking)
• Permits: approved – UPU, VIA, location and construction permit
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Preliminary Financial Structure
• Project Value: €500 million
• Equity: 30–40% (promoter or real estate investor)
• Debt: 60–70% (bank project finance or structured instruments)
• Potential Instruments: SBLC, EIB guarantees, EBRD/IFC funds, public co-financing
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Key Points Strength
• Project ready for construction with all required authorizations
• Access to 4 international airports
• Demonstrated interest from international operators (Hilton, Marriott, Cachet)
• Tax incentives and access to EU funds
• Possibility of development in independent phases (golf course, hotel, marina, residences)
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Financial Indicators (baseline scenario)
• Expected IRR: >12.5%
• NPV: €+109 million
• Payback Period: 11 years