‘The new port of cool’
A new centre for yachts in the Mediterranean: the eastern coast of the Adriatic Sea is one of the most spectacular nautical cruising grounds in Europe
A collection of waterfront and village promenade homes, Porto Montenegro is a world-class marina that is home to yachts from 12-150 metres and offers a range of studios, 1 to 4 bedrooms, duplexes and penthouses just steps away from the water. Located in the beautiful World Heritage Bay of Kotor, Porto Montenegro has sold 100 of 129 residences over the past two years, earning it recognition by several industry professionals as the fastest selling development in the Mediterranean. Along with a maximum 9% income and capital gains tax rate, Porto Montenegro’s residences and berths represent one of the most exciting and potentially rewarding investment opportunities available today.
Previously a historic naval base, Porto Montenegro’s transformation into luxury yacht marina is being led by a team of investors comprised of some of the world’s most respected business figures. Headed by Peter Munk, founder and chairman of Barrick Gold, the world’s largest gold mining corporation, Porto Montenegro’s investors include Lord Jacob and Nathaniel Rothschild of the United Kingdom, Russian oligarch Oleg Deripaska and Bernard Arnault, founder of luxury conglomerate Louis Vuitton-Moet Hennessey (LVMH).
Awarded the prestigious Blue Flag for sustainable environmental excellence and the Five Gold Anchor Award, the highest accolade for operational and service standards, Porto Montenegro’s marina offers long-term berthing options for yachts from 12 – 150m LOA, as well as an array of yachting benefits, including tax and duty free fuel, reduced VAT, onsite customs and immigration, 24/7 Yacht Assist and crew club. Outdoor activities are available throughout the year, from water skiing, sailing and cruising in the summer, to off-piste skiing during the winter in the nearby mountains.
2012 will see Porto Montenegro increase its marina capacity from 185 to 370 berths by the 2013/14 season Nearly a third of these will be reserved for yachts over 45m. Subsequent expansion will take marina capacity to over 600, making it the largest superyacht homeport in the Mediterranean. A superyacht refit and maintenance facility in partnership with Adriatic Shipyard, Bijela, just two nautical miles from the marina, will be operational by 2013.
Marina services and facilities include:
Tax and duty-free fuel for private and commercial vessels.
Onsite customs and immigration.
Onsite bonded warehouse and provisioning.
24/7 Yacht Assit.
Single and 3-phase electricity.
24-hour security including closed circuit TV.
Crew facilities, including onsite changing rooms, showers and washrooms.
Car parking, with parking on most jetties.
Shopping, including nearby supermarkets.
Laundry facilities and dry-cleaning services.
Grey and black water discharge.
Porto Montenegro’s residences make the most of the warm Mediterranean climate with fully retractable glass doors, expansive terraces and high ceilings and windows to maximize the abundant natural light. Homeowners
enjoy full-time concierge service, private parking, 24-hour security and a fully equipped gym with fitness centre, squash and tennis courts, yoga and pilates, bowling and billiards. The development also features a lively nautical village with restaurants, fashion boutiques, cafés, day spa, hair salon, wood-oven pizzeria, bakery and more.
Porto Montenegro recently announced the development of a 5-star, bespoke luxury hotel and residences. In partnership with Regent Hotels & Resorts, the Regent Porto Montenegro is due for delivery in 2014 and will offer studios, 1 to 4 bedroom units, duplexes and penthouses with sophisticated living spaces and breathtaking views.
On site Amenities
Porto Montenegro offers an array of amenities that contribute to its already unique marina and residential experience:
The Lido Mar is an Olympic-sized 50m infinity pool designed by world-renowned architect, Richard Hywel Evans, with
waterside lounge, cabanas, restaurant and live DJs. It provides a visually stunning area from which to relax and enjoy spectacular sunset views.
The Porto Montenegro Yacht Club organises yearly regattas, rowing competitions and yachting events with scuba diving, kite surfing, jet skiing easily available.
The Porto Montenegro Sports Club provides first-class facilities including fitness classes, cardio-vascular and weight training areas and racquet sports.
White-water rafting, bungee jumping, mountain biking and hiking are popular activities in the Tara Canyon, the largest canyon in Europe, with nearby ski resorts Zlabjak and Kolasin offering downhill and cross-country skiing.
An international school operated by the Knightsbridge School of London provides first-class education and summer camp programs to Porto Montenegro’s growing international community.
‘Montenegro’s new golden era begins’
There’s a reason Montenegro is often referred to as the “new Riviera” – its unspoiled beauty, for one Home to two UNESCO World
Heritage Sites – the ancient walled city of Kotor and Durmitor National Park – Montenegro is cherished by lovers of history and nature alike.
The country’s dramatic coastline, dotted with secluded beaches and hidden coves, is an idyllic place to drop anchor. Equally magnificent is Montenegro’s mountainous interior, with rock-hewn monasteries, deep river canyons, wildlife reserves, glacial lakes, and one of the world’s most important national parks.
No other marina can offer as broad and as exciting a range of activities and attractions – in summer and winter – as Porto Montenegro.
Activities at Porto Montenegro
• Sailing and windsurfing
• Diving, waterskiing, and fishing
• Tennis and squash
• Hiking, climbing, horseback riding, and mountain biking
• Canoeing and kayaking
• White water rafting on the Tara River Canyon (the world’s second-deepest canyon)
• Beaches, caves, and grottoes
• Downhill and cross-country skiing within a few hours drive
• Historic towns, pilgrimage sites, museums, and cultural festivals
‘Porto Montenegro is on course to become the Mediterranean’s premier marina destination’. There is the famous Montenegro coastline itself to explore, of course.
Then, just a few nautical miles north, at the border of Croatia, begins the longest stretch of the rugged Dalmatian coast, boasting the historic walled city of Dubrovnik and more than a thousand islands along the shoreline.
Thanks to Montenegro’s new, simplified Law on Yachts, charter yachts can now take advantage of a user-friendly vignette system that allows multiple entries and frequent changes to the passenger and crew manifest.
Porto Montenegro will also be an official port of entry in 2010. A low tax rate, reduced VAT on marine goods and tax and duty-free bunkering also serve to make Porto Montenegro a financially advantageous
The Bay of Kotor is the Adriatic’s largest, most beautiful and best sheltered natural harbour. Often referred to as Europe’s southernmost fjord, security is high: the surrounding mountains and the calm, easy-tonavigate waters of the Bay offer yachts an exceptional degree of protection.
Above all, what makes Porto Montenegro the ultimate home port is its unrivalled amenities and services.
Airports along the coast are easily accessible Not far from Porto Montenegro are three international airports: Tivat (7 kms), Dubrovnik (46 kms), and Podgorica (90 kms). All offer good seasonal connections, charter and scheduled airlines, and landing facilities for private aircraft. Flight times to most European cities are two hours or less.
FLIGHT TIMES TO TIVAT
Yacht assist & Concierge services
Porto Montenegro’s dependable yacht assist and concierge service can help with any task, including customs clearance, provisioning, hiring a car, or finding local accommodation. The marina’s multilingual staff is always on call and ready to quickly meet the demands of every yacht, big or small.
‘A full range refit facility of the highest quality’
With its new facility in the Bay of Kotor’s Bijela shipyard, only 3 nautical miles from Porto Montenegro, Compositeworks has brought its team of project managers, designers, and craftsmen to the Adriatic Sea.
Compositeworks will be able to offer a full range of services year round, including maintenance and repairs, interior design and technical work.
The master pl an for the development also includes:
• Boutique five-star hotels
• R estaurants, bars, and cafes
• S hops, galleries, and a range of services
• A nautical museum
• A farmer’s market featuring locally grown, organic produce
• A lido pool with bar and restaurant
• A n international school
• A private medical facility
• S ports and recreational facilities and a playground
Waterfront Residences and Berths
Porto Montenegro is planned as a yearround community, allowing owners and captains the opportunity to own a home just a few steps from their boats
With nearly a full kilometre of westfacing waterfront, all residences will be adjacent to the marina and offer spectacular views across the Bay of Kotor. An abundance of flowering and deciduous trees will provide shade.
Residences are built to the most exacting specifications, with natural stone floors, hardwood cabinetry, Miele appliances, and rooms that are spacious and airy. Many homes feature outdoor terraces, and all of Porto Montenegro’s buildings have private courtyards and pools reserved exclusively for home owners and their guests. Indoor parking and private security are standard features, and, of course, all residential owners have the right to long-term berth leases in the marina.
An exceptional design team stands behind Porto Montenegro: master plan architect ReardonSmith, interior designer Tino Zervudachi, and landscape designer Martin Lane Fox.