Todorić’s Villa Up For Sale

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The Agrokor’s owner bought the villa for 11 million kunas, and he later received the concession for the private beach next to it.

The extraordinary administration of Agrokor, headed by government-appointed commissioner Ante Ramljak, has started the process of selling Villa Castello, which is a property officially owned by the company, reports Jutarnji List on August 17, 2018.

“This is a villa with the surrounding land located in Medveja in the municipality of Lovran, near Opatija. Villa Castello is located by the sea and was built in 1916 in the architectural style of neoclassicism. The media will be able to tour the villa on Friday, 18 August, starting at noon,” says a brief statement issued by Agrokor.

Villa Castello, whose construction started in 1910, covers almost 400 square metres and is surrounded by a 525-square-metre courtyard which has been carefully maintained. The entire complex is located in a park of four thousand square metres.

In 2008, the maritime domain next to Villa Castello became the first private beach in the Primorje-Gorski Kotar County. At the time, the county administration unanimously decided to grant Agrokor, owned by Todorić, the concession for 11,000 square metres of land and sea, for which Todorić paid an annual fee of 560,000 kunas.

Todorić bought the grand villa for 11 million kunas, and it remains to be seen for how much it will be sold.

The sale of Villa Castello is just the latest step in the sale of parts of Agrokor’s property. On 26 May, Agrokor’s extraordinary administration announced on its website a public invitation for expression of interest in the purchase of certain movables, specifically a motor yacht and a helicopter, which marked the beginning of the sale of movables which are not necessary for Agrokor and its operating companies’ business activities.

Although the villa, yacht and helicopter were officially owned by Agrokor, they were mostly used by the Todorić family for personal activities.

Translated from Jutarnji List.

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