At the end of 2020, Porto Montenegro presented to the public its long-awaited project – the innovative, urban-style neighbourhood of Boka Place. The carefully planned space blends gastronomy, shopping and entertainment with many other benefits, available to Porto Montenegro residents as well as to more than 3.1 million visitors coming each year.
A unique nautical destination in the heart of the Adriatic, Porto Montenegro is one of the region’s most prestigious lifestyle projects. For more than a decade, it has represented the most complete investment opportunity in the wider region, with an attractive offer that includes luxurious residences for sale and rent, retail outlets featuring a mix of prestigious international brands, and an award-winning 450-berth marina with complete infrastructure. The development is owned by the Investment Corporation of Dubai (ICD).
The Boka Place neighbourhood, on which construction began in October 2020, will open in 2023. Integrated within its 213 housing units, it offers more than 40 retail units for lease to both local and international operators.
Representing a total area of just over 7,500 sqm the retail space comprises 34 stores, five restaurants and cafes and six pop-up locations for short-term projects. More than 40 percent of the space has already been pre-let, with the biggest tenants being Voli supermarket, Sport Vision and MCF cinema.
Founded in 2004, MCF MegaCom Film is one of the largest regional film corporations founded in Serbia and run by local people and is the exclusive representative of Disney studios in the region. A natural partner for Porto Montenegro, it will introduce its CineGrand Cinema concept to Boka Place, occupying an area of more than 1,100 sqm. Voli, one of Montenegro’s most successful companies, will open a premium quality supermarket in Boka Place. With an impressive 1,400 sqm of space, it will be one of the largest supermarkets in the region. Sport Vision, a leading regional sports fashion retailer, would open its premium store on more than 400 sqm.
Boka Place presents a great opportunity for high-quality retailers to increase their presence in Montenegro, benefiting from the prestige of a Porto Montenegro address, and capitalising on its continuing growth, both as a tourist destination and as home to a vibrant international community of more than 30 nationalities. The Boka Place retail scheme is planned to be a unique fashion and entertainment destination across the Adriatic Region. Designed to promote a healthy and active lifestyle, the world's first Hotel SIRO, an innovative concept from the hospitality giant Kerzner International (founder of the One & Only group) will especially contribute to the ambience of the new neighbourhood.
For more information about Boka Place and the retail leasing opportunities, you can visit www.bokaplace.com or contact Porto Montenegro via e-mail at retail@portomontenegro.com.
