At the end of 2020, Porto Montenegro presented to the public its long-awaited project - the concept of an innovative, urban neighbourhood, Boka Place, which features a carefully planned space, with numerous gastronomic, shopping and entertainment facilities and many other benefits that will be available to Porto Montenegro residents as well as all visitors.
Porto Montenegro is a unique, luxurious nautical destination in the heart of the Adriatic and one of the most prestigious lifestyle projects in Montenegro. For more than a decade, Porto Montenegro has represented the most complete investment opportunity in the wider region with an attractive offer that includes luxury residential and rental facilities, a network of prestigious international brands and retail facilities, as well as an innovative marina with a complete infrastructure with 450 berths.
The neighbourhood of Boka Place, whose construction has already begun, will be opened in 2023. In addition to 213 housing units that are already on sale, this project also offers over 40 retail units available for lease to both local and international retail operators.
The total area of the rental space is just over 7,500 sqm and consists of 34 stores, 5 restaurants and cafes and 6 pop-up locations for short term projects. As much as 35% of the space has already been pre-let and the biggest tenants are the Voli supermarket and the MCF cinema.
MCF Cinema, a regional cinema operator that has Kombank Hall in Belgrade in its portfolio, is expanding its business with the concept of CineGrand Cinema, occupying an area of over 1,100 sqm. On the other hand, an impressive 1,400 sqm will be occupied by one of the most successful local companies - Voli, with a plan to open its premium quality supermarket, right in Porto Montenegro. It will be among the largest supermarkets in the region.
This is a great opportunity for all retailers that want to increase their presence in Montenegro by opening their store within the new shopping district in Porto Montenegro that continues to grow and has more than 3 million visitors a year.
The Investment Corporation of Dubai (ICD) is behind the successful realization and handover of over 400 housing units, the construction of unique residential communities and water marinas for superyachts on the Adriatic.
The international community in Porto Montenegro has over 30 nationalities, and with the new residencies offered in Boka Place an interest from over 90 countries was recorded in 2020.
The world's first Hotel SIRO, built according to the innovative concept of Kerzner International, the hospitality giant (founder of the One & Only brand), whose special inspiration is a healthy and active lifestyle, with fitness and wellness facilities, will especially contribute to the beautiful ambience of the new neighbourhood. A handful of indoor and outdoor spaces, sophisticated luxury style, the entire offer of accompanying facilities, pleasant ambience and eclectic international community, along with representative private residences, create an ideal blend of luxury coastal life on the Montenegrin coast with benefits of the new urban neighbourhood.
With construction underway and a planned completion date in 2023, this is one of the most exciting projects to be realized within Porto Montenegro.
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