Yachting News » Business » Porto Montenegro: New Real Estate and a Superyacht Shipyard

Porto Montenegro: New Real Estate and a Superyacht Shipyard

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The pages of the 2019 agenda mark new phases of development at Porto Montenegro including completion of the high-class Elena Residences and the renovation of a specialised superyacht shipyard at Bijela.

Coming up in April is the RC44 sailing regatta (10-14th April) that will bring one design yachts to the world-renowned superyacht marina, Porto Montenegro. This prestigious tour, visiting the Bay of Kotor for the first time, allows amateur helmsmen to compete with the world’s top sailors in some of the world’s most beautiful locations.

Additionally, spectacular concerts, an international fashion premier, performances, lifestyle events such as the Gumball rally, a polo tournament and business forums are just some of the events that will attract an international crowd this season.

PortoMontenegro RC44 Cup3

Elena Residences 

Elena Residences will open its doors to residents in summer 2019 and will form the missing piece along a new boulevard of shopping and dining amenities. This flattering new addition is neighbour to the nearby regent Pool Club residences and offers intimate waterfront living with bespoke furnishing solutions. Residents can enjoy cosmopolitan living, intimate luxury and a traditional neighbourhood ambiance with sights of the mountains and nearby waterfront.

Featuring a total of 50 luxury freehold residences, buyers can choose from a selection of studio, 1-, 2-, and 3-bedroom units and luxury penthouses, carefully crafted to encompass elegant finishes and premium, regal furnishings. The Italian-inspired décor and nautical influences of the interior complement the waterfront location whilst high ceilings and retractable doors serve to maximise natural light. The stunning penthouses with private pools and spacious rooftop areas for guest hosting, relaxation and entertainment offer an ideal investment opportunity or second home for discerning buyers.

Residents can enjoy an onsite pool elevated over the promenade for privacy, on-site fitness facilities and exclusive access to the Porto Montenegro Owner’s Club, entitling them to a host of privileges across the village, from cocktail soirées to sporting tournaments and other exciting village events, as well as a dedicated lifestyle team to cater to ad-hoc requests and help craft a true Porto Montenegro lifestyle experience.

Porto Montenegro Elena

Owners of properties at Elena residences will also be eligible to opt-in to the M residences Bespoke rental Management & Servicing Solutions as a means of both driving revenue and ensuring a luxury experience for rental guests. The scheme covers furniture packages as well as operational equipment. The residences are dedicated to Elena di Savoia, or Princess Elena of Montenegro, born in the Old royal Capital of Cetinje. She went on to marry the future Italian King Victor Emmanuel and became queen Elena of Italy.

For more information and to book a viewing, please contact sales@portomontenegro.com or +382 32 661 059.

Bijela Shipyard by Damen and Porto Montenegro

A significant update for the start of this year is the acquisition and renovation of the Bijela shipyard, in cooperation with Damen Shipyards. The shipyard and refit facility could launch the provision of its services by the end of this year. Over EUR 20 million will be invested during the first three years of operations, and Bijela will, if all goes as planned, become a credible and competitive alternative to the existing reputable service centres and yacht refit shipyards in France, Spain and Northern Italy.

From 35 workers in the first operational year, Montenegro Yacht Services (the company operating in the shipyard) will grow to 300-400 workers in the fifth year of operations, and the former shipyard for cargo ships in Bijela will be transformed into a sophisticated technological centre similar to the specialized yacht refit shipyards in North Europe – able to provide all types of the most complex refit and conversion works on superyachts from 25 to 125 meters in length.

Photo credits: Copyright Porto Montenegro


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