Once They Dressed All of Yugoslavia, Now They Could Be Sold for 1 Euro

February 11, 2026

TL;DR

Varteks' real estate and land valued at 18.4 million euros are being sold via public auctions.
Properties will be sold through electronic auctions with decreasing minimum prices, potentially reaching 1 euro.
Buyers must pay a 10% deposit and acknowledge the 'as is, where is' sale condition.
The Republic of Croatia and local authorities have pre-emption rights on some properties designated as cultural heritage.
Certain creditors, including "Stype CS" and "S-Park," also hold pre-emption rights.
Varteks ceased production on January 31st of the previous year, and bankruptcy proceedings opened in July 2024.
Disagreements arose regarding the necessity of new property valuations.
Varteks was founded in 1918 and once employed nearly 12,000 people.

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