The hotly anticipated, exclusive first properties at Portonovi, Montenegro – the Adriatic's newest luxury lifestyle destination – have been released for purchase today (14th July).

The €650 million luxury development at Portonovi, set to make Montenegro the next destination for the discerning global traveller, is being built on the secluded shores of Montenegro's picturesque Boka Bay, with the first phase due to open in the second half of 2017.

The sophisticated properties will sit on a narrow and exclusive part of the bay, affording spectacular views from the properties and the perfect location for superyachts to explore 300 kilometres of stunning fjord-like coastline as well as quick access to the Adriatic.

The 26 hectare resort will comprise of 290 properties from luxurious, spacious town houses and apartments set in the heart of its Mediterranean-style village, to stylish villas in its landscaped gardens, to sleek penthouse apartments and sky villas with infinity pools overlooking the marina.

Property owners at Portonovi are being offered a selection of layout options by renowned architects, Harper Downie and CallisonRTKL. In addition Harrods Interiors has completed an entirely bespoke interior design scheme for the show apartments in Portonovi's Lower Village. Portonovi's discerning clients will be able to select elements, from furniture to wall coverings, or the whole scheme and the highly reputed and exclusive Harrods Interiors will dress their new Montenegrin home. 

The 113 properties being put on sale today consist of 89 properties in the Lower Village and 24 in the Marina Apartments. All will be completed and ready for occupation by residents in the second half of 2017.

Ahmet Erentok, Chairman of Azmont Investments, owners of Portonovi, says: “We are creating a destination which will exceed expectations, providing some of today's most enriching experiences that will become tomorrow's benchmarks.

“From the high level of pre-registrations we have already received, we have every reason to expect ‎strong sales from the outset, and we look forward to welcoming the first residents to Portonovi next year.”

Portonovi will also be home to Europe's first One&Only resort, One&Only Portonovi. Opening in 2018, it will feature approximately 140 ultra-luxury guest rooms, suites and villas, the Espace Chenot Health Wellness Spa, restaurants by award-winning chefs and world-renowned boutiques.

The Portonovi Marina will feature 220 berths for yachts and superyachts. It will be one of the most naturally protected marinas in the region, and offer excellent access to the Adriatic with the islands off the Dalmatian Coast just a day's sail away.

A focal point of the Marina will be the members-only Portonovi Yacht Club. Designed for the exclusive use of yacht owners, it is being created by the award-winning British design studio Winch Design.

The development will also include upscale retail options such as designer boutiques from premium international luxury fashion brands.

Portonovi is less than an hour's drive from both Dubrovnik (33km) and Tivat International Airport (18km). Both airports have services from destinations across Europe, along with facilities for private jets.

Portonovi is owned by Azmont Investments, the Montenegro-based company and leading investor in Montenegro. Azmont Investments works in collaboration with the Government of Montenegro and its local authorities to provide skilled training and employment opportunities.

For information, visit www.portonovi.com or call the Portonovi Sales Office on +382 31 355 375

- Ends -

For more information, please contact:

Louise Pearson / Claire Lowe / Charlie Hampton

Bell Pottinger

Tel: +44 (0)20 3772 2500

E-mail: portonovi@bellpottinger.com

Notes to Editors

About Azmont Investments

Azmont Investments is a Montenegro based company committed to apply its most adequate resources to achieve its mission: to create an efficient and sustainable investment portfolio focusing on accountability, environmental sustainability and corporate social responsibility. Company wish and commitment is to develop a positive collaborative synergy with the Government of Montenegro and local authorities, while durably engaging with local communities, through education, training, support and employment opportunities. www.azmont.com

About One&Only Resorts

Created exclusively for the ultra-luxury resort market, One&Only Resorts are conceived as hallmarks of excellence.  Set in some of the most beautiful locales in the world, each award-winning resort offers guests a distinctive style and personality borne of its local culture, a genuine hospitality and a lively energy that is unrivalled.  These properties include One&Only Reethi Rah in the Maldives; One&Only Le Saint Géran in Mauritius; One&Only Royal Mirage and One&Only The Palm in Dubai; One&Only Ocean Club in The Bahamas, One&Only Palmilla in Los Cabos, Mexico, One&Only Cape Town in South Africa and One&Only Hayman Island, Great Barrier Reef and Emirates One&Only Wolgan Valley in The Blue Mountains in Australia.  One&Only has also announced plans to develop and operate five new One&Only resorts, in Sanya, Hainan, China; in Montenegro, which will be the first property for the collection in Europe, Bahrain and two new resorts in Mexico. More information on One&Only is available at oneandonlyresorts.com

About Winch Design

Winch Design was founded in 1986 by Andrew and Jane Winch as a specialist Exterior and Interior Yacht Design Company. Over time, the company has added aviation, architecture and interiors teams to its core yacht portfolio and now employs over sixty five people, working on a number of international design projects on land, in the air and at sea. Based in an old fire station on the banks of the River Thames, Winch Design unveiled a new branding and website in December to celebrate thirty years in business this year. www.winchdesign.com

About Harrods Interiors

Harrods began as a wholesale grocers' and tea merchants in east London, first opening its doors in 1834. Since then, it has grown to become the world's most famous department store, known for its unrivalled range of luxury merchandise. As well as exclusive brands and myriad departments, one of Harrods' most renowned attributes is its unparalleled service. Harrods continues to be guided by its philosophy of “anything is possible” and, to this day, our customers remain at the heart of everything we do. www.harrodsinteriors.com

About Espace Henri Chenot

Henri Chenot has developed a unique method of treatments, known as the “Chenot Method” that stimulate the body to restore naturally to the state of optimum health, that of mental and physical wellbeing at any age. The method combines the principles of Chinese medicine with the latest scientific advances in medicine, technology and other health sciences. With forty years of experience the treatment programmes are designed to rebalance the body's natural processes to eliminate toxins, to increase vitality and energy levels and to promote regeneration.

The detoxification techniques used, the reactivation of the blocked energy channels and the stimulation for resetting normal physiological functions, are all incorporated into personalised treatments for the specific needs of each individual. Today the Chenot Group operates internationally and it is one of the most dynamic players in the sector of health and wellness. www.chenot.com