Porto Montenegro

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Porto Montenegro is a luxury yacht marina and adjacent waterfront development under construction in Tivat, Montenegro.

Porto Montenegro Marina

The construction site was a naval shipyard named Arsenal, which fell into disuse after the breakup of Yugoslavia and the decline of the Yugoslav Navy. The lot on which the shipyard is situated was put on public offering in 2006, and was bought by Canadian businessman Peter Munk. It was acknowledged in 2008 that he was not alone in the venture - while Munk owns 54% of the Porto Montenegro company, the rest is owned by Oleg Deripaska, Nathaniel Rothschild, Jacob Rothschild, Bernard Arnault, Sandor Demijan and Anthony Munk.

Munk announced that he intends to build a luxury yacht marina and a waterfront community, which would cater to needs of growing community of superyacht owners. The position of Tivat in the secluded part of the Bay of Kotor, together with the proximity of Tivat Airport, makes it favourable location for a marina.

Porto Montenegro is the first comprehensive state-of-the-art deep water marina in the Adriatic Sea. The marina will have berths for 650 yachts, 150 of them super yachts, up to 150m long. These will be part of a full-service community of luxury apartments, shops, restaurants and other sports and entertainment amenities.

Porto Montenegro is a phased development: there are now 185 marina berths, five mixed-use buildings containing 130 luxury residences, over 20 retail outlets, a full sports facility, yacht club, 64 meter infinity pool and lounge bar, a naval heritage museum, and a waterfront boutique hotel.

Projects related to Porto Montenegro include an 18-hole golf course in the vicinity of Tivat Airport, and a possible acquisition of Bijela shipyard by Peter Munk, which could serve as a yacht maintenance facility.

Following an international architectural competition, ReardonSmith Architects was appointed to master plan and design the marina and residential community of Porto Montenegro. The firm's proposal claims to respect both the local architectural inheritance and the natural habitat in building the new resort. The firm was partially inspired by the work of American urban planner Kevin Lynch.

Virtually all the existing structures were demolished and their materials crushed to form aggregate. Construction is predominantly in local stone, with roofing in terracotta and clay tiles.

The Marina[edit]

The marina opened with 85 berths in summer 2009, and has since grown to the current capacity of 450 berths (127 for superyachts). Following the completion of the recent expansion, in July 2015, the marina can now accommodate the largest yachts in the world, with berths up to 250m in size. A total of 850 berths have been planned by project completion, of which 311 will be for yachts over 24m - the largest offering for superyachts in the Mediterranean.

The marina provides various services:

  • customs and immigration
  • duty and tax-free fuel
  • single and 3-phase electricity
  • wireless internet
  • 24-hour security
  • laundry facilities
  • refuse/grey & black water disposal
  • full provisioning

The marina integrates full yacht and superyacht servicing capabilities with a vibrant waterfront village in the heart of one of Europe’s most picturesque nautical regions. State-of-the-art operations extend from services essential to superyacht crew to leisure facilities geared to the whole community. The marina also runs a high-speed water taxi service along the coast and to and from the airport (Tivat, 7km).

Porto Montenegro is a 5 Gold Anchor marina with provisional Blue Flag status.

Marina Benefits , Facilities and Accessibility[edit]

The marina is situated within southern Europe’s deepest fjord. Berth depths range from 4.5 to 16 metres and are afforded excellent protection by the Bay’s mountainous surroundings and the inclusion of bespoke breakwaters. As a result, tide variation is low and currents are dissipated.

The marina offers mooring facilities to homeport vessels as well as those navigating Montenegro’s waters on a temporary vignette. On-site duty-free fuelling and 24-hour Yacht Assist will soon be complemented by a nearby superyacht refit and repair facility. This integral component in Porto Montenegro’s role as a year-round homeport will give yachts of all sizes nearby access to a respected refit and repair service. The refit and maintenance facility is expected to be operational by 2016.

Other onsite facilities include yacht sale and charter brokers, chandlery with comprehensive logistics, safety and engineering, full provisioning, multi-lingual marina team, 24hr manned and CCTV security, plus tax free wine, champagne and spirits.

Long-Term Leases[edit]

Porto Montenegro offers short term license and long term lease berthing options, from daily up to 30 years, providing greater control and flexibility for visitors and those who want to make a long-term investment in the marina. Porto Montenegro is one of the only marinas in the Mediterranean which can still offer long-term berthing up to 30 years. Not only does this guarantee availability in the vastly overpopulated Mediterranean, but a long-term lease within the marina rental pool will also provide 85% return on sub-leases, regardless of whether the owner’s berth is populated at the time.

Yacht Club[edit]

The Porto Montenegro Yacht Club was established in 2010, a modest sailing school and venue for captains, crew and local sailors to relax and unwind after a day on the water. Since then, the PMYC has evolved into the heart and soul of sailing in Montenegro. With a growing regatta calendar and fleet of Blu26 and Tofinou 9.5 racing yachts, it is now attracting international race teams and organisations to the region.

For the 2015 season, the PMYC moved to the newly refurbished €7million pool club, formerly known as Lido. The talking point of the marina and international media, Porto Montenegro’s 64m pool has been listed by the likes of Condé Nast Traveller as one of the world’s most iconic pools. Not only a stylish and modern environment for members, the building boasts unparalled views over the Boka Bay and five-star hospitality.

Crew Club[edit]

In-line with its growing number of superyacht arrivals, Porto Montenegro has launched a membership programme for crew staying within the marina. As a year-round facility, the Porto Montenegro Crew Club ensures crew are catered for both on and off season via a calendar of events and activities.

In addition to the marina’s outstanding leisure facilities, including a 64m pool, restaurants, nightclub, Sports Club and Yacht Club, the Crew Club works with local businesses to arrange events, activities and discounts exclusively for crew including a complimentary ski chalet throughout winter.

Outside EU Benefits[edit]

Montenegro’s elite tourism strategy provides yacht-friendly legislation, offering some of the most favourable benefits in Europe, whilst its outside EU position presents a powerful financial case for basing a yacht here all year round.

Tax rates: • 9% company and capital gains tax (one of the lowest rates in Europe) • Only 7% VAT on marine-related services • 0% VAT on charters • Tax and duty-free fuel, up to 45% cheaper than other European countries

Flexible cruising regulations: • No restriction to pick-up and drop-off • Make multiple changes to guest and crew manifests • Ability for foreign yachts to remain in Montenegrin waters with no restriction on time

Entry Permits[edit]

Porto Montenegro became an official port of entry in summer 2010, allowing customers to complete customs clearance hassle-free. Vessels must purchase a vignette (permit) to use Montenegro’s navigable waters which allows unlimited access from one week up to one year. Unlimited vignettes may be issued in any single year, each allowing the captain to change the crew and guest manifest multiple times.

Residences[edit]

The first six residential buildings, Teuta, Zeta, Ozana, Milena, Tara and Ksenija encompass 180 residential units and 3800sqm of retail space (over 55 units). All of the apartments sold out in September 2015.

The Regent Porto Montenegro Hotel and Residences opened August 1st 2014, offering 58 hotel rooms and residences, including two penthouse suites. Facilities include two swimming pools, library bar, bakery and restaurant, as well as an al fresco dining areas in Italian inspired garden. An acclaimed Regent signature spa complements the outstanding offer at the hotel including a 200 pax events space.

Regent Pool Club Residences, the latest addition to Porto Montenegro’s residential collection, were released for sale January 2015. The building will offer 1, 2 and 3 bedroom apartments ranging in price from €409,000 to €3,720,000. Connected via a private walkway to The Regent Porto Montenegro, residents will have access to all the hotel’s five-star facilities plus their very own residents-only pool deck with leisure, lap and children’s pools.

Teuta[edit]

Porto Montenegro's introductory residential offering, Teuta, features 29 waterfront homes, all with sea and mountain views overlooking the harbour. Located at the foot of Jetty One, these residences sold out within a few weeks of their release in 2009. Named after the Illyrian queen who reigned from 231 BC – 227 BC, Teuta features Porto Montenegro’s first shops on the ground floor, including a restaurant, wine store, chandlery, furniture & home decoration store, bookstore, yacht broker and agent office, as well as Porto Montenegro’s sales office.

Ozana[edit]

Ozana is a waterfront apartment complex named after the 15th Century shepherdess venerated as a Saint. The 23 studios and 1-3 bedroom residences feature an elevated courtyard, a pool and a landscaped garden.

Zeta[edit]

Zeta is situated on the pedestrian boulevard of Porto Montenegro Village. Residences include garden terrace spaces and west-facing views to the waterfront. Zeta includes a range of 22 studios, as well as 1 and 2 bedroom residences. The building is equipped with a rooftop pool, while the ground floor features an array of shops, a spa, hair salon and bakery.

Milena[edit]

A collection of nine homes, named after the Queen under whose rule Montenegro gained independence, the residences are located between the 10-acre Captain’s Park and the palm tree-lined village walkway. Milena offers studios, 1 to 3 bedroom residences and three duplexes. This building includes a cascading water feature.

Tara[edit]

Located on Venice Square, Tara is named after Montenegro's Tara River Canyon, the second deepest canyon in the world after the Grand Canyon. Tara features studios, 1 to 4 bedroom apartments and duplex penthouses private rooftop pools. Tara offers views and direct access to Porto Montenegro’s marina on both sides.

Nautical Village[edit]

Shops and restaurants[edit]

Each residential building complex contains shops and restaurants on its ground floor. These businesses include chandleries, fashion boutiques, waterfront cafés, bars and restaurants. Summer seasons include a selection of international temporary or ‘pop-up’ shops such as swimwear brand Heidi Klein and London concept store Wolf & Badger.

Lido Mar Pool[edit]

This 64m infinity edge pool and lounge bar cantilevered over the sea was designed by Richard Hywel Evans and features a 3m-high Jaume Plensa sculpture entitled ‘8 Possibilities’.

Regent Hotel[edit]

Porto Montenegro's five-star Regent Hotel with serviced apartments on the marina village waterfront opened August 2014. The Regent Porto Montenegro's building and gardens are built in the style of the grand palazzos of the Italian lakes.

Sports club[edit]

The Porto Montenegro Sports Club has a fully equipped fitness centre, squash court, outdoor tennis courts, bowling, billiards, yoga, and table tennis. The tennis courts comply with ITF standards and lessons are available via reception.

Yacht club[edit]

Porto Montenegro’s Yacht Club is the hub of all yachting activities in the marina, organizing regular competitions, races, regattas, special events and lessons. The ‘PMYC’ offers facilities such as meeting rooms, a lounge area and library, as well as access to the Sports Club, curry nights, movie nights, and other social events.

Naval Heritage Collection[edit]

Reflecting the country’s rich naval history and maritime traditions, the Naval Heritage Collection showcases over 300 artifacts, from rare, fully restored, Yugoslavian submarines to the diaries of Princess Xenia. A rich selection of items is on show from the original Arsenal, established over one hundred years ago as an Austro-Hungarian, and subsequently, Yugoslav naval base.

Knightsbridge International School[edit]

An international school exists to serve the community of expatriate residents of Porto Montenegro. The school was developed in partnership with Knightsbridge Schools International, a London-based school group. The school provides the International Baccalaureate programme within the Porto Montenegro facility. It is the first boarding school in Montenegro, mainly serving foreign residents.

Heidi Klein[edit]

The Heidi Klein cabana sells a range high-end swimwear, clothing and accessories.

External links[edit]

Coordinates: 42°26′08″N 18°41′51″E / 42.43556°N 18.69750°E / 42.43556; 18.69750