Orco Property Group, through its subsidiary Suncani Hvar, has signed an agreement to develop the Objonan Riviera project. As the only island in Croatia fully dedicated to the construction of a new resort, the 54-hectare Objonan will provide Orco with the site of a full-fledged resort to be developed on the BOT (Build-Operate-Transfer) model of a 50-year duration. Orco will finance the architectural design, build the facilities and manage the site over the period of the agreement, after which it will be transferred to the regional city of Sibenik with no compensation.
Premium subscriber content – please log in to read more or take a free trial.
