Swiss TFI in search of investors in Zablace tourism project

The Swiss company called "TFI Holding SA" is in search of investors willing to take part in an EUR 800-million project of building a resort in Croatia's Adriatic area, according to the Bloomberg news agency.

"The Wollerau, Switzerland-based closely-held company bought 110 acres (450,000 square meters) of land in Zablace, near the historic town of Sibenik, for 60 million euros and plans to purchase an additional 40 acres to develop a luxury resort with hotels, villas, shops and a marina, as well as a clinic and a school," Jean-Paul Uldry from the Swiss company was quoted as saying in an interview in Zagreb earlier this week.

"He is now looking for investors for the future resort with as many as 2,500 beds and has toured the area with Hollywood star Brad Pitt, who he hopes may also take part in the project," Bloomberg reports.

"Spokeswoman for Pitt Cynthia Prett-Dante in Beverly Hills, California didn’t immediately respond to phone calls and e-mails from Bloomberg News seeking comment.

"We are looking for investors and assessing offers," Uldry was quoted as saying.

"Croatia is the greatest place to invest in tourism in Europe right now. It’s clean, safe, with skilled people and excellent infrastructure."

Construction of the resort may start next year.

Last update: Thu, 29/09/2016 - 11:38
Author: 

More from Croatia

Minimum wage in 2017 set at HRK 3,276

The Croatian government on Thursday set the minimum wage in 2017 at a gross amount of HRK 3,276 and reduced the...

Croatian Gov't to set up commission to tackle totalitarian symbols issue

The Croatian government will set up a commission which will propose appropriate institutional and legal frameworks...

Croatian PM: Political stability, positive trends oblige us to implement reforms

The government's political stability and favourable macroeconomic trends offer an opportunity as well as impose an...

Vipnet taking over Metronet

Vipnet, a mobile network operator company, has acquired a controlling share in the company "Metronet...

Croatia's gross international reserves EUR 12.9 bn in 2016 June-end

Croatia's gross international reserves stood at 12.9 billion euros at the end of H1 2016, which was 5-6% or 800...