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"Croatian Dream": Luka Modrić and Mateo Kovačić invest in billion-euro Adriatic project

9. July 2024
(foto: splet)
Luka Modrić and Mateo Kovačić are set to invest in a major business project on the Adriatic coast, valued at nearly a billion euros.

After their quick exit from the European Championship, Mateo Kovačić and Luka Modrić took a summer vacation that included a visit to Dubrovnik. Now, information has surfaced that they plan to be part of a major business project on the Adriatic, valued at nearly a billion euros.

Modrić and Kovačić were seen in Dubrovnik with entrepreneur Vicenco Blagaić, who recently announced the start of a large investment at the Tri sestrice location near Dubrovnik, at the beginning of the Pelješac Peninsula.

The meeting has sparked speculation about their involvement in a project worth 920 million euros, according to the published information. Blagaić initiated this project 17 years ago by purchasing the land, and he has now announced the start of the investment. The entire project is public and can be found on the Ministry of Economy's website.

The planned area for the golf course is 205 hectares, of which 27.3 are designated for construction. The building requirements within the zone allow for the construction of buildings up to five stories high, with a maximum height of 20 meters, with 40 percent of the building plot to be arranged as parks and natural green areas.

The project's infrastructure is aligned with existing spatial plans. The project is 100 percent privately owned and is located in the center of the Dubrovnik-Neretva County, on the eastern coast of the Adriatic in a corridor that connects Central and Eastern Europe.

The "Dubrovnik - Tri sestrice - Croatian Dream" project covers a total area of about 260 hectares, of which 40 hectares are planned for a luxury tourist resort with hotels, a tourist center, and additional facilities.

The project should include seven hotels with 400 accommodation units, 500 apartments, sports facilities, a marina for mega yachts with up to 400 berths, a 27-hole golf course, 220 villas, shops, restaurants, bars, museums, galleries, and more, according to Direktno.hr.

In accordance with the conditions prescribed in the Investment Promotion Act, this project can apply for investment incentives. The estimated value of the investment project is 920 million euros.

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