LIFE AS IT SHOULD BE WELCOME TO THE HOME OF ACTIVE LIVING AND A HEALTHY LIFESTYLE ON THE ADRIATIC COAST “EMERGING SUPERSTAR WITH WILD BEAUTY” Lonely Planet about

COMBINING THE FLAIR OF ith a backdrop of steep mountains tumbling coves, sandy beaches, whitewashed , medieval THE LOCAL MEDITERRANEAN down to a cobalt-blue , fortress towns and solitary churches. There are many CULTURE AND HERITAGE WITH WMontenegro’s coastline is an alluring mix quaint towns to explore including Tivat, and of drama, charm and architectural triumph. This is Montenegro’s most picturesque destination, . 293km of inimitable beauty under a brilliant southern WORLD CLASS FACILITIES, The country’s central and southern shoreline stretches European sun. out into long swathes of sandy beaches. These sun- FOR A PLACE LIKE NO OTHER The northern coastline turns inward into the sensational, drenched spots are punctuated by the lively town of fjord-like (Boka Bay). Its surrounding , ’s fascinating fortifications, the city of Bar precipitous peaks enclose serene waters, pebbled and the alluring ruins of Haj-Nehaj, Stari Bar and Svač.

5 Oslo Stockholm

YOUR NEW HOME IN A PLACE OF SUBLIME BEAUTY Moscow AND TRANQUILITY, UNDER THE ADRIATIC SUN Minsk Dublin Berlin London Risan Warsaw Frankfurt OUR LOCATION Prague Kiev Bay of Risan Paris Perast ACCESSED BY 3 INTERNATIONAL AIRPORTS Vienna Zürich Bay of Kotor Milan Herceg Novi Bijela

Bay of Tivat AVERAGE FLIGHT TIME TO Tivat Kotor TIVAT, AND DUBROVNIK AIRPORTS Istanbul Madrid Amsterdam 2h 15min Istanbul 1h 30min Moscow 3h 15min Baku Belgrade 45min Kiev 2h 25min Prague 2h 5min Adriatic Sea Bay of Berlin 2h 15min Warsaw 2h Vienna 1h 20min Trašte Paris 2h 40min Stockholm 2h 55min Zürich 1h 45min Brussels 2h 15min London 2h 45min Dubai 5h 45min Oslo 3h 20min Madrid 2h 35min Baku 4h 25min Dublin 3h 45min Milan 1h 35min Frankfurt 2h 10min Minsk 2h 25min

6 7 Dubai EXPLORATION AND ADVENTURE

or a small country, Montenegro packs paddling, kayaking, snorkelling and swimming a punch. Its serene coastline contrasts are all suited to the strikingly clear, calm Fspectacularly with a mountainous waters of Trašte and Kotor Bay which boast interior whose lofty peaks, forests and lakes underwater limestone caves, archaeological are wrought with extremes. It boasts four ruins and diversity of fish species. 293 KM OF CAPTIVATING COASTLINE national parks, Europe’s last virgin forest, the With such rich wildlife, favourable climate world’s second deepest canyon and one of conditions and a vibrant landscape, the highest global biodiversity indexes. Montenegro is an adventurer’s playground Beguiling as the coast may be, it demands and Luštica Bay presents the perfect place to be explored and savoured. There are from which to explore and enjoy this beauty. innumerable hiking and biking trails criss- crossing between shores and villages. Quiet paths across Boka Bay or the Luštica Peninsula lead to remote family churches, medieval settlements and forts. Sailing,

8 9 THE ARCHITECTURE OF AUTHENTICITY

build that boasts the highest sea views. Interior spaces are harmoniously architectural standards, Luštica Bay united with outdoor areas for year-long Aechoes the region’s traditional coastal indoor/outdoor living that takes full advantage villages. Drawing on the landscape’s innate of Montenegro’s sunny clime. hues, textures and topography the properties Green-construction methods and a carefully are embedded authentically into the hillsides. orchestrated layout, making the most of sun With a small percentage of the land being exposure and wind angles, ensure energy- developed, Luštica Bay preserves as much of efficiency throughout. its surroundings as possible in its natural state. Built from local materials of stone, clay tile and natural wood, the properties seem to grow out of the very land itself. An integrated THE LUŠTICA BAY MASTERPLAN network of walls, courtyards, patios, terraces, DESIGN HAS BEEN RECOGNISED gardens and walkways, they step organically DEEPLY ROOTED IN THE REGION’S down the hillsides, maintaining existing view BY A 2013 AWARD OF EXCELLENCE sheds, drainage patterns and vegetation. Their RICH CULTURE AND HERITAGE, positioning means almost every property FROM THE AMERICAN SOCIETY AMONG ROLLING HILLS, GENTLE benefits from the site’s incredible panoramic OF LANDSCAPE ARCHITECTS. CONTOURS AND ADRIATIC BLUES 10 11 ROLLING HILLS, NATURAL PLATEAUS, SOFT CONTOURS AND NATIVE VEGETATION

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12 PR LUŠTICA BAY: 3 16 B

18 C 1 2 THE PLAN 17

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G he goal of Luštica Bay is to create a a variety of residential offerings, hotels and F distinct community, in an extraordinary lifestyle facilities, offering both tranquility Tsetting, where residents can create and privacy, discovery and adventure. A a home around the life they want to live. secluded oasis and a gateway to the rest of Combining Montenegro’s beauty and culture Montenegro. with Orascom Development Holding’s MAIN FEATURES LUŠTICA BAY WILL FEATURE: experience of cultivating environmentally- Encompassing 690 hectares along the Luštica I A Golf residential centred, luxury residential living, it provides a Peninsula Adriatic coastline, Luštica Bay is B Golf hotel Over 1,500 properties including 4.9 km long boardwalk foundation that will grow organically. J set to become a sustainable, fully-integrated, C Centrale THE BEATING apartments, villas and townhouses Conference Centre state-of-the-art town. D Marina Designed to blend seamlessly into its 7 hotels E Beach hotel HEART OF COASTAL Sport Courts surroundings it will be home to a few K F Residential Wellness and spa centre L MONTENEGRO thousand permanent residents. It comprises G Marina Restaurants & Shops M 2 marinas with mooring and docking H Marina hotel School I Technical area support facilities J Quarry area – hotel / residential Medical facilities N Championship 18-hole golf course K Secondary mooring area with clubhouse Police & Fire department L Residential / commercial M Hillside villas

14 N N Exclusive area hotel 15 ONE OF A KIND THE MARINAS COMMUNITY AT LUŠTICA BAY

uštica Bay is a unique take on the region’s Mediterranean coastal uštica Bay will include two first-class marinas. A 176-slip living. Life here combines a culture of relaxation, simple pleasures main marina accommodating boats up to 35m (115 ft), Land healthy, outdoor living with a bold vision for modern living at its Lwhile a sizeable secondary mooring will include 50 most exceptional. It welcomes homeowners from all over the world (more berths for vessels of varying sizes. They provide a luxurious than 30 countries), who are searching for a multicultural haven. It is these and convenient passage to life on the coast, offering all the people who are the very foundations of a community that will only but yachting and marina services seafarers could need. This grow as the years go by. includes repairs and maintenance, fueling, electricity, security and access to professional maintenance staff, who will make The town’s design builds a sociable, open community. every effort to see you safely on your way. Its integration with the local populace will ensure it becomes an organic Sailors can drop anchor and unravel in Luštica’s marina village part of the fabric of Montenegrin life and provide a lasting infrastructure offering unparalleled service, style and comfort. A social, for the area. ocean-paced hub with a superb selection of waterfront restaurants, cafes and bars.

16 17 COME HOME TO A RIVIERA LIFESTYLE

mulating the traditional fishing villages along MARINA FEATURES: the Adriatic coast, the heart of Luštica Bay Eis its marina. It is the perfect jumping-off • Berths ranging in length from 8m to 35m point as well as a place to soak up the energy • Daily, monthly and long term berthing options and charm of the adjacent Marina Village. (1, 3 and 5 years) Luštica Bay's primary marina is a state-of- • 24-hours yacht assistance the-art harbour and an ideal gateway to the Adriatic coastline. It is a pinnacle of flawless • Multi-lingual marina team design and first-class facilities, thanks to • Local repair & maintenance facilities Orascom Development’s extensive experience in similar marina construction projects. Care • 24-hour manned and CCTV security for the environment has played a large part • Single and 3-phase electricity in its development, built sustainably into the • Refuse, grey and black water disposal seafloor without steel-reinforced concrete. The stone used for its breakwaters was • Wi-Fi internet access taken from excavations during the heavy • Yacht club and crew facilities construction works on the Luštica Bay golf course. • Fueling facilities

18 19 18 HOLES WITH A STUNNING VIEW A SEA VIEW FROM EVERY HOME

ith views overlooking either the flora and fauna throughout. The golfing Adriatic Sea, Trašte Bay, or the zone’s residential areas and commercial uštica Bay’s star leisure attraction will be its 18-hole Gary Player Wstunning 18-hole golf course, and community hubs have been signature golf course. It will be Montenegro’s first 18-hole the residences at Luštica Bay Golf Area efficiently and economically arranged to Lchampionship golf course built on one of the world’s most beautiful are a collection of stunning sea view and work with the site’s topography; designed golfing locations. golf view properties. Not just an escape to sit in clusters they invoke a village for golfers alone, the residences stand feeling and foster a sense of community. The course has been designed with precision and passion by the out amongst the most chic homes in internationally renowned Gary Player, a pro golfer and Global Ambassador Golf Apartments - from studios to one, Luštica Bay. In addition to world-class golf, of the World Golf Hall of Fame, turned award-winning golf course designer. two and three bedroom units. residents and visitors will find a wealth Striving, as always, for minimal environmental impact, it makes the most of the of diversions to occupy their days and Golf Villas - 2, 3, 4 and 5 bedroom villas natural slopes and plateaus and lush greenery of the landscape. The vistas nights as they reside in quintessential ranging up to 370 sq.m, with spectacular are preserved in all their glory, with every hole offering views in all directions Mediterranean style. sea views. from the Adriatic in the south, to the UNESCO heritage site of Boka Bay in the The golf residences make the most of Golf Townhouses - offering properties north. Set to be one of the finest courses in Europe, it is a thrilling combination this awe-inspiring setting - reflecting the from one to three bedroom in size. of carefully placed bunkers, native terrain and manicured greens to suit all scenery and preserving large swathes levels of golfer. For those looking to perfect their skills, the Gary Player SEASIDE GOLF... of natural areas. Luštica Bay sought to designed golf driving range, boasting panoramic views of the Adriatic sea and enrich the environmental value and Boka Bay will offer the full range of practise facilities allowing golfers to hone PAR EXCELLENCE strengthen the connectivity between the all aspects of their game. new and the existing by adding native

20 21 HOSPITALITY HOTELS IN OFFERINGS LUŠTICA BAY

uštica Bay’s masterplan includes 7 hotels, each offering MARINA & BEACH HOTELS SECONDARY MARINA HOTEL a unique take on Mediterranean living. At the very heart of the site, Marina Village will be At the northeastern point of the southern LFrom five-star seafront exclusivity, to a healthy-living home to two hotels. A marina front hotel, which takes peninsula is a dramatic stretch of coastline which hillside retreat, to the understated intimate elegance of a full advantage of the harbour views and buzz of the will be home to a secondary village and mooring boutique hotel, there will be accommodation options for all main marina, and a prime beachfront hotel. area. Nestled in the hillside above, with views pleasure-seekers, in a variety of locations across Luštica Bay. across the rocky shoreline, will be a boutique hotel THALASSO HOTEL and residential apartments. The Chedi Luštica Bay, the first of the 7 hotels planned, is Elevated above the sea, carved into an old quarry, set to become the hottest new attraction in Montenegro. EXCLUSIVE AREA HOTEL will be an upscale Thalasso spa hotel. Set to offer the latest in luxury well-being, it overlooks a large, At the southernmost peninsula of Luštica Bay, a lagoon themed pool and, beyond that, the cobalt strikingly beautiful and private location, will be waters of Trašte Bay. an exclusive community in a league of its own. A destination unto itself, the hillside area will be GOLF HOTEL host to a series of spacious estate villas and a one- Luštica Bay’s world-class hillside golf village includes of-a-kind luxury hotel. The hotel will also include a 300 room golf hotel and spa, with immediate branded residential condominiums with full hotel access to our 18-hole signature golf course. service.

22 23 THE CHEDI LUŠTICA BAY, MONTENEGRO

he five-star The Chedi Luštica Bay Hotel is the first of seven hotels to take pride of place within Luštica Bay. Set in a prime Twaterfront location within the Luštica Bay Marina and with direct access to an adjacent sandy beach, it is a wonderful setting that takes full advantage of sea and beach vistas. A luxurious refuge at the marina waterfront it lends the town a superb holiday experience. It is a hotel for the modern traveller, providing five-star amenities, GHM GROUP efficient service and multi-use spaces for work or leisure in a Established in 1992, GHM (General Hotel Management relaxed ambience. All hotel rooms are comfortably furnished in a Ltd.) is known for conceptualising, developing and minimalist style, with simple, modern decor and sensitive lighting operating an exclusive group of hotels and resorts. which emphasises their luxury. The Chedi, which initially established its name in Asia and the There are abundant on-site facilities including two restaurants, Far East continues its push into Europe with the Luštica Bay bar, outdoor pool, spa, conference room and business centre. project. The Chedi Luštica Bay is among the largest 5-star hotels in the Boka Bay, offering 111 rooms, 60 of which are offered as hotel After GHM established cooperation with Orascom in condominiums; an exclusive vacation home as part of The Chedi Andermatt, Switzerland, where ODH is constructing Residences. a luxury year round village, the Luštica Bay project represents The Chedi’s second European hotel.

24 25 PROPERTY OFFERINGS

uštica Bay offers a wide range of properties, from waterfront apartments, charming hillside townhouses, Lto exclusive, private villas. A diverse but distinct community for those who seek a life like no other. Properties in Luštica Bay are state-of-the-art both inside and out, impeccably designed and finished, offering world class amenities. Their positioning works with the topography of the hillsides so that all residences boast incredible views of the bay and sea. They are surrounded by glorious open spaces, preserved in their natural state. Green trails and sidewalks weave through the residential areas, connecting them to the wider community and main marina.

26 27 MARINA VILLAGE RESIDENCES MARINA VILLAGE RESIDENCES WATERFRONT APARTMENTS MIMOZA TOWNHOUSES

ocated in the marina village location, in the very heart and uštica Bay’s hillside townhouses are a desireable transition soul of the development, the marina apartments are the between the apartments and the stand-alone villas. They Lembodiment of Luštica Bay living. Loffer a balanced way of life - a perfect home for families and those seeking the privacy and sophistication of their own home The marina village is set right above the main marina, meaning with the convenience of a multi-unit dwelling. Designed to give every apartment benefits from a backdrop of dazzling sea views residents panoramic views at every level, they offer a peaceful and access to bountiful green areas. They are ideal for residents seclusion within reach of the action. With stone facades and who want to immerse themselves in carefree portside living, while natural finishings, their design evokes the spirit of the region with maintaining access to the amenities and dynamism of the marina. the refinement expected from a Luštica Bay property. Their location ensures convenient connections to transportation, shops, restaurants, public spaces and the waterfront. Townhouses range from 130 to 190 square meters, with 2 to Built from local stone and with the archetypal red-hued tile 3 bedrooms on the upper floors and a spacious living and roofs of the region, the apartments echo the nautical charm entertaining area on the ground floor. There are terraces on each of Montenegro’s fishing villages. Their traditional ambience is level for uninterrupted sea and mountain vistas. They have a large balanced with coastal elegance and the latest in contemporary front and back garden area, and covered garage space. luxury. Impeccably designed to make the most of indoor and Each townhouse is a unique design but can be further customised, outdoor living, all apartments have cutting-edge amenities, ample allowing homeowners to choose fixtures and finishes to create a alfresco space and pools access. home that reflects their own take on Montenegrin living.

28 29 MARINA VILLAGE RESIDENCES MARINA VILLAGE RESIDENCES RUŽA VILLAS INTERIORS

MODERN INTERIORS Using streamlined forms, clean CLASSICAL INTERIORS Neutral colour palette, natural textures geometry, simple accents and and decorative accents blend together Sleek, simple, serene Comfort, light and balance asymmetric touches, the decor for a look of traditional refinement and uštica Bay sits along Montenegro’s most serene stretch of Adriatic coast. Our contemporary interior design evokes a sense of space and Our classical interior style is ideal for a restrained elegance. Featuring state-of- Occupying its most secluded and exclusive spot, the Luštica Bay Ruža places the emphasis on simplicity and calmness. State-of-the-art fixtures and homeowner seeking warm, sophisticated the-art fixtures and high standards of Villas are poised in an elevated position on the hillside overlooking the L sophisticated modernity. It is ideal for those furnishings offer quality, durability and and grounded surroundings. Fine craftsmanship, this is a heritage design marina and scenic horizons. seeking a fresh, light and contemporary uncompromising comfort. proportions and soft lines create an underpinned by quality and durability. Combining the spirit of the Mediterranean with contemporary splendour, space with a unique flair that enables them innate sense of space, balance and the Luštica Bay Ruža Villas redefine the meaning of luxury waterside living. to express their own individuality. symmetry that flows from room to room. Crowning the hillside above the marina, among native vegetation, they occupy the most exclusive and private location within Luštica Bay; a paradisiacal haven that remains within easy reach of the town centre, marina and waterfront. The foundations of the villas are raised above the road for added privacy and each has its own private driveway. Capaciously built over three levels, they are a unique and striking take on Montenegrin architecture, combining the regional vernacular with the highest standards of design, technology and sustainability. Red-hued tile roofs, stone facades and arched windows make for an impressive arrival. Alfresco areas are threaded throughout with spacious terrace garden areas, rooftop terraces and balconies, all offering unbroken sky-meets-sea vistas. Garden areas include an outdoor fireplace and private pool* that take full advantage of the views. * an optional extra

30 31 MARINA VILLAGE RESIDENCES THE CHEDI RESIDENCES

magine a holiday home designed with sophistication, luxuriously crafted and By becoming an owner in the Chedi Residences, you will benefit from: equipped to deliver the legendary Chedi experience. • Freehold ownership and guaranteed fixed term rental leaseback; Combining incomparable elegance and refinement with contemporary • Income potential through rental pool programme operated by the hotel; Iluxury, privacy, exceptional facilities and amenities and meticulous service, guests will feel indulged in a refined, yet relaxed ambiance, that evokes • Optional guaranteed fixed term rental return or revenue share models; traditional, coastal life. • Discounted tarrifs on personal use during blackout periods; As part of The Chedi Luštica Bay hotel complex, the Chedi Residences are • Saving on various costs associated with regular real estate products. an astute choice, combining both holiday home and investment opportunity. A limited selection of Chedi Residences are available for purchase including studio units, exclusive one and two bedroom suites and an outstanding top floor corner Penthouse suite. All residences are fully furnished and equipped to the highest standards. MAKE THE CHEDI RESIDENCE YOUR HOLIDAY HOME INVESTMENT

32 33 CENTRALE

estled among the Luštica peninsula's stunning scenery, THE BEATING HEART OF LUŠTICA BAY THE CENTRALE MASTERPLAN A COSMOPOLITAN CENTRE in a pivotal location, Centrale is on track to becoming Centrale is set to be the flourishing hub of the Centrale's neighbourhood is set to become Centrale will bring together all the needs of a town centre with Luštica Bay’s town centre. Built with the attention-to- N Luštica Bay community and an extraordinary Luštica Bay's town centre and the beating the world-class facilities of Luštica Bay. It will be host to a range detail, intelligent design and environmental care characteristic home for its residents. Its stunning location heart of the development. A new focal of shops, boutiques, restaurants, bars, galleries, entertainment of Luštica Bay, it will bring something entirely new to the town. and forward-thinking vision unite in a unique point for the resort town, combining a and public facilities. Underpinning community life, these A commercial and administrative hub, cultural centre, verdant take on what a town centre should be. tranquil retreat with all the requirements of amenities and services will attract residents and visitors from haven and gathering space - the new focal point for community cosmopolitan life. both Luštica Bay and surrounding towns. life at Luštica Bay and the surrounding area. A cosmopolitan Centrale’s state-of-the-art design will microcosm that will be a new Montenegrin destination in its combine modern, outdoor living with a The community’s success will also depend on The first development phase will see the construction of a own right. seductive measure of old-world Montenegrin the introduction of commercial facilities and school for 180 students, community space, supermarket, health charm. Its commercial and residential public amenities. This will include 95,000 care centre and local emergency services station covering conclaves, nestled organically among ancient square metres of residential space and more both police and fire services. The latter stages of development, pine trees, will echo the traditional villages than 20,000 square metres of public spaces although yet to be finalised, anticipate a hospital or health care of the area and foster a sense of small-scale and leisure zones. Set to offer the highest facility and higher education institution. exclusivity. Its centre will enclose a blend of concentration of commercial, cultural and At the south-eastern corner of the site, connected to the main apartments, shops, restaurants, bars, public communal facilities in Luštica Bay, Centrale road into the town, will be an infrastructure zone. This will services and cultural centres, set among will become Luštica’s metropolitan core and contain a sports club, gas station, main water reservoir, and courtyards, parks and green spaces. a hub for the wider area, benefitting tourism commercial storage. across the whole Tivat region. 34 35 CENTRALE RESIDENCES

entrale’s homes are a unique interpretation of year-round coastal living. Designed to impeccable standards and inspired by traditional CMontenegrin architecture, they blend the old and the new, the comfortable with the cutting-edge. There will be a selection of apartment types across Centrale, enjoying the beautiful vistas of Luštica Bay, from the National Park Lovćen to the crisp blues of the Adriatic. The residences vary from studios to three bedroom apartments, covering 45 to 110 square metres of space. Large, airy windows take full advantage of the scenery. Comfortable living areas are planned to make the best use of space with connected kitchen and dining zones. The rooms flow naturally into balconies, open terraces and courtyards making for seamless indoor-outdoor living that luxuriates in the year-round, Mediterranean sunshine.

YOUR NEW HOME

36 37 AN INTELLIGENT WHY INVEST INVESTMENT FULLY INTEGRATED TOWN LOW TAXES the experience, expertise and insight of both. Luštica Bay will include a wide variety of property With a flat-rate income tax and a corporate income tax SAFETY offerings, two world-class marinas with mooring and rate set at 9%, Montenegro’s tax system is one of the With a stable political and economic environment, docking facilities, seven hotels and a Gary Player most attractive in Europe. Montenegro is a safe country in which to live and designed signature, 18-hole championship golf course, FINANCIAL SECURITY invest. Adopting the Euro in 2002 and welcoming an not to mention beaches, shops, restaurants and cafes, ontenegro is emerging as an international tourism hotspot, Buying and selling is carried out using the Euro, limiting influx of foreign direct investment, it has created a sporting facilities, schools and medical centres to cater making it an excellent choice for investment. The World currency risk and easing the purchase procedure. favourable and strong business environment. Its recent to the community it is set out to develop. Travel and Tourism Commission predicts that Montenegro admission to NATO and EU candidacy demonstrate M SIMPLE LEGAL FRAMEWORK will be the fastest growing economy (in relative terms) in terms of A GROWING TOURISM ECONOMY the country’s ongoing commitment to internal and Buying and registering property is an easy process. tourism capital investment in the world over the next ten years. Tourism arrivals and overnights have experienced a international security and stability. Foreign investors and Montenegrin citizens are treated compound annual growth rate of around 7% during the Luštica Bay is created by Orascom Development - a leading equally. PEACE OF MIND period 2007 – 2016, with over 2 million arrivals in 2017, developer of sustainable, integrated towns across the world Investing in Luštica Bay comes with the reassurance with the entire population of the country being only INVESTMENT HOTSPOT with a proven track record and a clear mission of creating: “Life of Orascom’s long term commitment to the town. The around 625 thousand people. By owning property in Montenegro you can obtain as it should be” with every one of its developments. Luštica Bay development aims to plant a sustainable foundation which a residence permit for a period of one year that is benefits from the magnitude of Orascom’s experience and the RENTAL MANAGEMENT OPPORTUNITIES will grow organically over decades to come. This approach renewable. In addition to competitive rental yields, precision of its execution. As the largest investment volume Luštica Bay offers a Rental Brokerage Service and involves protecting the landscape and cultural heritage, strong increase in property value over time, favourable project and the first greenfield venture of its kind and scale manages property rental process, sets the prices and forming strong ties with local towns and providing state-of climate, pristine nature and economic stability - all within Montenegro, it embodies a unique opportunity. The handles cleaning and upkeep services. the-art amenities and lasting infrastructure for the area. development is already well underway with major milestones strengthen the case for investment in Montenegro. EARLY BIRD BENEFIT achieved year on year. It will become a fully sustainable town A STRONG PARTNERSHIP Montenegro is an emerging real estate development and as such an intelligent investment opportunity. Luštica Bay is a joint venture between renowned Swiss hotspot. Early buyers will benefit from a low entry developer, Orascom Development Holding AG. (90%), price point and price appreciation over time. and the government of Montenegro (10%), combining

38 39 SUSTAINABLE FUTURE

MINIMAL IMPACT GREEN CONSTRUCTION TRANSPORT INITIATIVES A small percentage of the 690 hectare site will be Green construction methods are utilised to reduce the The emphasis is on a pedestrianised network with developed, safeguarding the area’s natural beauty and project’s carbon footprint. Initiatives include the use of vehicle-free streets, sidewalks and green trails for ease ensuring ample wide open green spaces. regional building materials, water conservation, waste of getting around. Alternative transport methods and management and energy-saving technologies. cycling facilities will reduce traffic. ENVIRONMENTAL PRESERVATION The development’s low density ensures the unique ENERGY EFFICIENCY SENSE OF COMMUNITY thumbprint of the indigenous landscape is preserved. All architecture exploits the latest energy-saving Luštica Bay is developing a diverse, multi-national methods from cross-ventilation to effective insulation, community and works with local neighbourhoods LANDSCAPE COMPOSITION ensuring buildings slash current regional energy to create a strong community network for various Luštica Bay blends into the existing topography and consumption by a third. environmental initiatives. terrain of its surroundings. RENEWABLE ENERGY FUTURE-PROOFED HARMONIOUS ARCHITECTURE The development strives to make use of renewable Environmental care extends far beyond construction, Using local materials, referencing traditional energy where possible sources such as solar and wind. providing a sustainable foundation for future generations. architecture and entwining with the natural patterns of the land and sea, buildings harmoniously express the character and cultural heritage of the region.

40 41 ORASCOM DEVELOPMENT

leading developer of integrated towns, Orascom Development Holding takes a sensitive and cohesive approach to large-scale town development. A Dining in El Gouna, Its sustainable destinations bring life to the unique locations they inhabit The Chedi Andermatt, Andermatt Swiss Alps, Switzerland Red Sea, Egypt and pioneer environmentally-sound initiatives that ensure projects benefit the existing landscape as much as the local community and culture. World- class infrastructures and precision of execution underpin its organic ethos. Orascom’s current portfolio is impressive, with nine uniquely-evolved destinations across three continents in different stages of development: Orascom Development is proud to bring to life the unique community of Luštica Bay, situated on Montenegro’s unique and picturesque Luštica Peninsula. It is a special addition to the Orascom portfolio, evolving from the seed of a vision to a magical place to live life as it should be.

El Gouna, Red Sea, Egypt Abu Tig Marina, El Gouna, Red Sea, Egypt Jebel Sifah, Oman

42 43 BEYOND DEVELOPMENT

uštica Development AD was founded in 2008 as a joint venture between Orascom Development Ltd. (90%) and the Government of LMontenegro (10%). As a subsidiary of Swiss Orascom Development, Luštica Development AD is the national project company responsible for developing, building and operating Luštica Bay and will remain a local partner for generations. This is no ordinary large scale development. The project site is an inspiring, wonderfully secluded area along the Luštica peninsula, where rolling hills cascade down to an idyllic coastline. Its 690-hectares will be sensitively developed into a fully-integrated, new town in Montenegro with a state-of- the-art infrastructure. It will mark the biggest investment in Montenegro yet (1.1 billion Euros) and after completion will host a few thousand residents, over 1,500 properties including apartments, villas and townhouses, seven hotels, two marinas, a signature 18-hole golf course and a range of public facilities including a “IMPORTANT NOTE: This brochure is a guide only and does not constitute an offer or contract. Whilst every care has been taken to ensure the accuracy of the brochure content, all the information, text, photographs and school and medical facility. imagery (“Content”) should be used as a guide only and no warrant, actual or implied, is given as to the accuracy of the Content, which is subject to change without notice by Luštica Development AD. Prospective purchasers should make and must rely on their own enquiries. The Luštica Development AD is in no way responsible or liable for any damages whether they be direct, indirect, punitive, special consequential, contribution or indemnity of any kind whatsoever, however caused, arising out of either the use of the brochure or reliance upon the brochure and the brochure Content.”

44 45 LIFE AS IT SHOULD BE

46 47 Luštica Development AD Novo Naselje bb., 85323 Radovići Tivat, Montenegro

+382 77 200 100 www.lusticabay.com [email protected]