The new Boka Place complex is conveniently located at the entrance to Porto Montenegro, just a short walk from its marina and luxury waterfront village. Its 2023 arrival will redefine marina living with an even bigger retail, restaurant and entertainment offering across 7,400 square meters. This includes a variety of luxury boutiques, bustling bars and bistros, with an additional 45+ new tenants signing up – all of which will overlook the area’s vibrant superyacht marina.
Blurring the boundaries of urban architecture and the great outdoors, the contemporary interiors of this new lifestyle complex spill out to open spaces where natural light and greenery meander around a central courtyard. Boka Place becomes home to a vibrant retail and dining offering, with a wealth of leisure and community gathering spaces intertwined with botanical walls, gardens and water features. The complex will house renowned retailers and galleries, alongside an open-air food hall and market concept, three-screen experience cinema and indoor climbing wall for a recreation-meets-indulgence match.
Courtesy of Kerzner International, the Boka Place development welcomes a brand-new urban-centric five-star fitness-infused hotel concept: the world’s first SIRO. This brings a revolutionary new hospitality brand to Porto Montenegro, with fitness and wellbeing at its core.
The design-led hotel will offer an immersive living experience with holistic wellness at its heart, integrating five-star hospitality with fitness, nutrition and restoration, and a wellness-focused approach to health and fitness that appeals to modern, global lifestyles. In so doing, it will reinvent the traditional hotel concept to create game-changing experiences that inspire and revitalise. The hotel will feature a cutting-edge fitness club, Recovery Lab, dedicated spaces for yoga and meditation, swimming pools and nutrition-led dining, complementing life at Boka Place and its relaxed new stance on luxury living.
A LIFE OF VITALITY & EASE AT BOKA PLACE
Boka Place is set to become one of the area’s most sophisticated addresses offering urban living with multiple benefits for residents such as invitation-only events and summer kids’ clubs days, as well as membership to the Porto Montenegro Yacht Club. It will comprise 213 apartments, ranging from studios to penthouses. Prospective residents will be able to choose from a range of SIRO-managed residences or private residences.
Already proving popular, approximately 40% of SIRO-managed residences have been sold and reserved over the past 11 months since the launch of off-plan sales in Summer 2020. Each apartment has been designed with wellness in mind – featuring large open spaces, built-in stretching and exercise units, air purifiers, ergonomic furnishings and sustainable materials, sitting perfectly within the wellbeing- and restoration-focused brand. The 144 SIRO-managed residences will benefit from 5-star hotel services, alongside luxury fitness and wellness facilities.
In addition to the exclusive hotel-managed residences are a smaller selection of 69 private residences managed by the Porto Montenegro M-Residences rental management scheme, and will feature exclusive access to a stunning rooftop pool with panoramic views of the Adriatic Coast. The new complex will offer a mix of generously sized studios; 1-, 2- and 3-bedroom apartments and 2- and 3-bedroom duplexes, with prices starting from just 190,000 EUR.
With construction already underway and scheduled for completion by 2023, the wheels are firmly in motion for Porto Montenegro’s most exciting new development to date. From bustling bars and bistros to elegant boutiques, live music and family entertainment, the village’s new vibrant and eclectic urban hub creates the perfect marriage with the SIRO hotel brand, with a focus on activity, a friendly spirit and transformative wellness.
Aside from the Mediterranean climate and allure of the Porto Montenegro village, a number of other factors are at play in making Boka Place an excellent choice for investors. Not only can buyers now qualify to become Montenegrin citizens, but they can also do so with or without relocation requirements. This caters just as well to those in search of a second home in the sun whilst securing return on investment through a series of bespoke rental management programmes.
Southern Montenegro has long been known for its pleasant weather and organic Adriatic cuisine, while in recent years Porto Montenegro has become the country’s trademark development, adding an undertone of luxury to the wild beauty. For only 450,000 EUR investment in real estate and a 100,000 EUR government fund donation towards the country’s infrastructure, investors can enjoy the prospect of a lovely new home coupled with a new passport in as little as six months.
Montenegro’s favourable tax economy boasts one of the lowest personal, corporate and capital gains tax rates in Europe, at just 9%, whilst opening a business is a simple and accessible option for those seeking Residency by Investment.