Six-hundred hectare resort from scratch

The resort project involves the development of a comprehensive range of accommodation and services for residents and tourists. Luštica Development – a joint venture set up by Orascom Development (with a 90 pct stake) and the Montenegrin government (10 pct) – is in charge of the entire project, while Gray International is the property agent for the project in Poland. The EUR 1.2 bln project will involve the development of around 500 villas and terraced houses as well as more than 1,000 apartments, seven hotels (five- and four-star), a spa and fitness centre, an 18-hole golf course, two marinas, a 4.9 km seaside promenade, a conference centre, as well as all the facilitied required to live there throughout the year (restaurants, shops, schools, and a hospital). Marina Village forms the first (completed) stage of the project and will comprise apartment buildings (with studios as well as one-, two- and three-bedroom flats) along the coast as well as cafés, restau