LNG Terminal on the Island of Krk

May 2022 The aim of the project is to increase the security of supply and ensure sufficient quantities of natural gas for the needs of the Republic of Croatia and the countries of the region.  The project involves the construction of an LNG terminal with an area of ​​35 ha, with a capacity of 15 billion cubic meters of natural gas, and the possibility of accepting the largest LNG ships, with draft depths up to 18 m. Real estate status: Dina-Petrokemija d. D. In bankruptcy, maritime domain Implementation model: open negotiation opportunities.

Solar Power Plants in Croatia

May 2022 The first tender for solar power plants with an installed capacity of more than 500 kW (quota of 300,000 kW) was announced this year and causing a large increase in the development of solar power plant projects with higher capacities. One of the greatest solar potentials is that solar power plants are being built mostly in coastal and island areas, which Croatia has in abundance. For example, renewable energy sources are a very important component of the development of the Primorje-Gorski Kotar County and are contained in all strategic documents. The goal is to achieve a high share of…
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Greiner Packaging acquires 100% shares in Termoplast Grupa

April 2022 Greiner Packaging International GmbH, an international group with 692m EUR sales revenues and over 4,900 employees worldwide, has acquired 100% of shares in Termoplast Grupa. Termoplast Grupa is the 49% shareholder of Greiner Packaging Slovenia, the leading producer of plastic packaging solutions in the SEE region that has two production plants located in Serbia. Three SEE Legal member firms advised Termoplast Grupa on the transaction - BDK Advokati, Divjak Topic Bahtijarevic & Krka Law Firm, and SELIH & PARTNERJI Law Firm. 

Adriatic Gate Shopping Center

April 2022 The project involves the creation of a center with the public, cultural, entertainment, hotel, and residential facilities as a contribution to the development of tourism in the Kvarner region. It includes the construction of a shopping center with business premises, catering services, parking, a hotel with a wellness center, a multiplex with a congress center, leisure activities, and many other facilities. The project also includes the construction of a part of the road infrastructure and, in the next phase, the construction of a supermarket and two-car showrooms is also planned. The…

Delta and Port Baros – Rijeka Waterfront

April 2022 The conversion of port facilities into urban ones is based on the long-standing public and professional need for the integration of urban, residential, and commercial facilities in this area, i.e. on the need for active coexistence of the port and the city. By moving port activities from the Delta and Baros ports to other locations, the spatial and location potential of this area is directed towards creating a new and recognizable part of the city center which with its contents, appearance, and quality of public spaces will become a place of new city identity, active coexistence. with…

Rusevo Krmpotsko Wind Farm

April 2022 The main purpose of the project is the production of wind electricity. The construction of a wind farm as an environmentally friendly and available energy source would contribute to increasing the share of renewable energy sources in the Republic of Croatia, which is one of the priorities of the EU 2020 Strategy. The realisation of the project, in addition to the construction of energy conversion plants, includes the construction of individual plants related to the production of electricity from wind energy, such as one or more wind turbines with transformer stations and power lines,…

Geothermal Power Plant in Virovitica

April 2022 The project will begin this summer with an initial investment of about HRK 530 million (approx. EUR 70 million). This is so far the largest investment in Virovitica-Podravina County. The project involves the production of electricity from geothermal sources and is a large investment for Croatia, especially for the municipality of Cadjavica. It is an investment that will give great importance to geothermal sources, electricity production, as well as new employment.    

DTB Advised the Croatian Subsidiary of M7 Real Estate on the Sale of Mani Business Center

November 2021 DTB advised the Croatian subsidiary of M7 Real Estate, which completed the sale of the Mani Business Center with 12,900 sq m multi-let office building to Raiffeisen Pension Insurance Company on behalf of M7 Central European Real Estate Fund I. M7 will continue to asset manage the property on behalf of the new owner. The sale completes the divestment of M CEREF I, a value-add fund comprising of a portfolio of 21 logistics, office, and retail assets in key Central European markets, generating total sale proceeds of EUR 182 million and an IRR of 25% significantly ahead of the Funds’…

DTB Assisted Villa Dubrovnik in the acquisition of D-Resort Sibenik

September 2021 Dogus Croatia (Croatian subsidiary of one of the largest private-sector conglomerates in Turkey) and Martimus B.V. completed the sale of a majority stake in Villa Dubrovnik to Erste Pension Fund. Villa Dubrovnik (a company listed on Zagreb Stock Exchange) operates a five-star hotel in Dubrovnik and is the owner of another luxury hotel, namely, D-Resort Sibenik. The transaction is perceived as one of the most notable in the tourism sector in 2021 due to the volume of the deal and the fact that Villa Dubrovnik is one of a handful of luxury hotels on the Adriatic coast with huge popularity…

DTB Advised M7 Real Estate in Croatian Acquisitions

Divjak, Topic, Bahtijarevic & Krka advised the Croatian subsidiary of M7 Real Estate with respect to the acquisition of two modern urban logistics assets in Zagreb.

DTB Assisted in the Listing of Villa Dubrovnik on Zagreb Stock Exchange

Divjak Topic Bahtijarevic & Krka (DTB) advised Villa Dubrovnik, a company operating a luxury 5-star hotel in Dubrovnik, in connection with its initial listing of shares on the Zagreb Stock Exchange.

Hospitality-Tourism Project Tef

One of the oldest towns in the Adriatic, Sibenik, was founded in the 9th century, thus it has very rich cultural heritage and many historical and cultural monuments, some of which are under the UNESCO protection. It is easily accessible due to its location between two international airports (Split and Zadar) and the nearby A1 motorway Zagreb-Split-Dubrovnik. The Spatial Plan of the City of Sibenik stipulates the obligation of adopting the Urban Development Plan (UDP) of the location, determining the purpose of the land in greater detail. The UDP will be drafted and adopted in cooperation with…