Safiro Project, Budva, Montenegro
Integrated Property Contractor Services (Montenegro) Limited/Future Capital Partners Limited
December 2010 - Current
Mixed Use - Leisure, Residential, Conference Centre
The Safiro Project forms part of a major 4.7 acre prime beach front development site located in the heart of Budva. The proposed development comprises a 5-star hotel with approximately 180 rooms and 161 luxury apartments. Phase 2 includes a multi use conference centre. In total the development will cover over 400,000 ft (40,000 sq. m.) of above ground construction. The development will include significant infrastructure upgrades and regeneration to the local area.
As Development Manager, DML are responsible for coordinating all real estate related issues, from selection and appointment of design team (both in UK and locally), design development, construction and residential sales. We have also been integral to the planning process and negotiation of municipal taxes.
Having secured Preliminary Submission Approval, the project has attracted Bouygues International as development partner and Swissotel as the preferred hotel operator. We are progressing detailed design with a view to securing development finance to allow construction to commence Q4 2014.