Residential Real Estate Construction Company Investment Opportunity in Budva, Montenegro

- We are a real estate investment company based in Montenegro with our parent company headquartered in London, UK.
- Have developed properties with a Gross Development Value (GDV) of just over GBP 106 million.
- We are focused on residential and touristic properties in Montenegro.
- We have a unique in-house local development expertise, extensive capital market knowledge and wide experience in mid scale development schemes.
- Focus strategically on small to large-scale mixed-use development projects and currently operate in the UK and Montenegro.
- Our experience in real estate and business development also spans to Belgium, Central Africa, Morocco, USA and India.
- With sound expertise and an ethical working approach, we have established a long-term track record of performance that fuses leading-edge strategies with experienced operational insight.
- Seeking a profit sharing partner for a residential/resort and spa project with 52 luxury apartments, medical facility and conference hall. We have already worked on 3 similar major projects in the past and also on multiple smaller projects.
- The project is based at Rezevici - Budvaa (Montenegro), a premium and scenic location facing the coast. The urban status of the area is classified as a residential and tourism zone. We are located 10 mins away from the main city.
- The size of the project is 10,566 square meter and the estimated GDV is GBP 23,000,000.
- The land property has been acquired. All the requisite compliance have been undertaken and the plans have been approved by the local government. The architectural design is ready and the city architect has fully approved the project for build. Post-funding and construction permits, we can start ground-breaking and construction immediately. We expect to complete this project in a period of 2.5 years.
- There are 6 employees working in-house on this project. Besides that, we have a team of 5 architects and a legal team. In total, we have 12 people working on this project.
- There is an in-house marketing team to promote the project within and outside Europe. We have received over 30% reservations for the project already. However, we have not accepted any payments since we have not started construction yet.
- Promoter is based in London and has over 12 years of experience in this particular market segment.