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    SunnysideMontenegro

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    VILA PARK LTD.

    Bulevar Svetog Cetinjskog 31

    81000 Podgorica, MontenegroPhone/Fax: +382 20 247 510

    Mob: +382 67 650 033; +382 67 880 969

    e-mail: [email protected]

    www.pearlshore.com

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    Welcome!Why to invest in Montenegro and the Pearl Shore

    Montenegro, an old new state, is pushing its way decisively towards taking its place on the map of Europe,

    which is not in proportion to its size of less than 15,000 m2 and population of only 650,000 people, but to the

    real talent and ambition of Montenegrins to position their country, advertised on all international TV networksunder the slogan of Wild Beauty, on the top of high end tourist, investment and business destinations. Cur-

    rently, Montenegro is the most attractive real estate market in the region, which offers most investor-friendly

    legislation and the best investment tax policy. Find out for yourself! We suggest www.mipa.cg.yu .

    Why have internationally recognized investors (again, you can check on Google about potential investors in

    Velika plaa and Lutica development projects, and actual investors in Sveti Stefan or Tivat mega acht marina

    or golf terrains on the Spas hill) chosen to come and invest in Montenegro. Everyone will tell you the same

    thing there are fascinating landscapes, incredible contrasts within small distances, variety of experiences and

    sceneries during the afternoon car or boat rides, swimming and skiing in the same day, etc. Hospitable people

    will make you feel as part of the community, as a friend, after just one sip of vine or a taste of homemade food.

    Meat, fish or organic vegetables choice is yours.

    Montenegro has recognized its potentials and chances. It simply cannot give a chance to everyone, because

    of its size. If you are an investor, you will have to fight for this opportunity, you have to be sensitive to its sus-

    tainable development aspirations and its green element and, sometimes, have patience for its administration,which is, as you will realize eventually, still much more efficient than anywhere else in the region. Montenegro

    cannot afford to wait and that is why it is making prompt and courageous decisions.

    Come and invest in Montenegro, because you will fall in love with our country and your business will pros-

    per. Come and invest in a concept of a new and modern place with the name of Pearl Shore, after the pearly

    color of the sand, which will be a modern place for a modern man. Do you want to be a part of the team?

    Come and invest in Montenegro! Come and invest in the Pearl Shore!Sunny Side Project is the first step!

    Vila Park ltd.

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    Surface: 13,812 km2Location: On the Adriatic Coast, in South East EuropePopulation: 620,145 (according to the 2003 census)

    Montenegrins 43.16 %

    Serbs 31.99 %

    Bosniaks 7.77 %Albanians 5.03 %

    Muslims 3.97 %

    Croats 1.10 %

    Others 6.98 %Capital: Podgorica (approx. 170,000 inhabitants)Historical capital: CetinjeLength of borders: 614 km

    Coastline - 294 km, Beaches - 73 kmHighest mountain 2,522 m (Durmitor, Bobotov kuk)Largest lake: Skadar Lake - 391 km

    Deepest canyon: The Tara canyon 1,300 mLargest bay: Boka KotorskaNational parks: Durmitor, Biogradska gora, Lake Ska-

    dar, Lovcen.

    Climate: Mediterranean climate, hot dry summers and

    autumns and relatively cold winters with heavy snowfalls

    inlandPolitical system: Republic

    Border crossings:

    Albania - Bozaj and Sukobin

    Bosnia and Herzegovina - Sitnica, Vilusi, Sce-

    pan Polje

    Croatia - Debeli brijeg

    Ital-over seaSerbia: Brodarevo

    Ports: Bar, Budva, Kotor and Herceg Novi

    Airports: Podgorica /45 km/and Tivat / 55 km

    /away from Bar and close are Dubrovnik Cro-

    atia and Tirana AlbaniaCurrency: EuroEthnic groups: Montenegrin 43%, Serbian

    32%, Bosniak 8%, Albanian 5%, Other (Mus-lims, Croats, Roma 12%)Languages: Montenegrin (official), Serbian,

    Bosnian, Albanian, CroatianForeign languages: English, German, Russian

    and Italian are the most common foreign lan-

    guages spoken in the tourist resorts.Municipalities: Andrijevica, Bar, Berana, Bi-

    jelo Polje, Budva, Cetinje, Danilovgrad, Herceg

    Novi, Kolasin, Kotor, Mojkovac, Niksic, Plav,

    Pljevlja, Pluzine, Podgorica, Rozaje, Savnik, Ti-

    vat, Ulcinj, ZabljakNational holiday: National Day, 13 JulyTime one: CET - Central European Time

    (GMT+1)

    International telephone code: + 382Mobile operators: 067 T-Mobile, 069

    Promonte and 068 Mtel.Internet country code: .MEElectricity: 220 volts AC. Sockets are round

    two-pin.

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    City of Bar

    Bar is a coastal town with the biggest number of sunny days

    in a year and the greatest potential on the Adriatic Sea. It is

    a port town, a town of olive trees and an area with numer-

    ous spots of tourist interest and large potential.

    Bar is situated in the southern region of Montenegrin coast,

    at the foot of Mount Rumija (1,600m), at 426 northern

    latitude and 196 eastern longitude and altitude of 4m. It

    is 180 km far from the Strait of Otranto. The surface area

    of the municipalit, with Bar as its center, is 505 km. Ac-

    cording to the 2003 census, its population is 40,037. The

    climate in Bar is Mediterranean, Mediterranean-Continen-

    tal in the mountain region. Average winter temperature is

    9.1C, while average summer temperature is 20.7C. Bar

    has almost 270 sunny days or 2500 sunny hours during the

    year, which makes it the sunniest city of the Mediterranean.

    Average rainfall is 1715 mm and the most frequent winds

    are storm and south wind.

    Bar has more than 46 kilometers of coast, with 20 beaches

    of 9 kilometers in total length. Maximum depth of the sea is

    430m and the average water temperature in July is 23.2 C.

    Salinity is 38.2%, transparency 5m and tide wave 30-48cm.

    The surface area of 128 km of Skadar Lake (total 370 km)

    belongs to Bar Municipality. The area around Bar abounds

    in Mediterranean vegetation. There are about 85000 olive

    trees and almost 40000 fruit trees in Bar. An olive tree nearOld Bar is more than 2000 years old.

    Bars Riviera is quite spacious, stretching from Cape Stolac

    and Cove Chanj - Pearl Shore across Spich and Sutomore,

    Susanj, Bay of Bar and Veliki pijesak to Busha and Cove of

    the Petrovics. Indented coastline and many natural springs

    made numerous smaller and larger beaches from Chanj

    Pearl Shore to Utjeha, mostly covered with sand and more

    than 9000m long.

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    Sunnyside

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    Queens beach

    Pearl Shore Beach Sunnyside

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    Pearl Shore

    New Place forNew Life

    If you are coming to Bar by car, from Petrovac, you

    will stop in Chanj - Pearl shore where you can see

    the Pearl Shore Beach, 1100 m long and 55000m

    in surface, covered with layer of the finest sand of

    different colors as its name says. You can take a boat

    from Pearl Shore to the Queens Beach, which is 350

    m long, accessible only from the sea. It is a jewel of

    Montenegrin Riviera, fenced with a natural hill of high

    sediment cliffs. Its unusual beauty and very clean wa-

    ter made it a favorite place of Montenegrin QueenMilena (18471923) during her visits to the summer

    residence of her husband King Nikola in Bar.

    By sea, Pearl Shore is 33 km far from Velika Plaza in

    Ulcinj and 25 km from Valdanos Bay. It is 20 km far

    from Budva, 35 km from Podgorica Airport and 50

    km from Tivat Airport.

    New planning solution envisages the intensive de-

    velopment of this part of the coast, particularly Pearl

    Shore and Queens Beach. In the following years,

    a new, modern tourist destination will be devel-

    oped in this area, with 5 stars hotel resorts - 6 in

    the Queens Beach area, congress tourism on Pearl

    Shore and other theme hotels that will satisfy de-

    manding clients all year round. New waterfront

    and promenade Lungo Mare along the coast, which

    continues to the hinterland of this new town, simi-

    lar to Cannes Croissete and Ramblas in Barcelona,

    will have plenty of restaurants, cafs, artisan shops,

    shops, boutiques, perfumeries and small businesses.

    Theme parks, gathering places and various public ar-

    eas along the beach are ideal for events and activitiesduring the entire day.

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    Numerous planned sport facilities, educational

    and cultural centers, Aqua park, 2 marines and 4

    cable cars that will take you to the most beautiful

    lookouts and fortresses on the surrounding hills,

    will enable permanent and seasonal residents of

    the Pearl Shore to enjoy a new quality of life, withthe combination of business and relaxation of mind

    and body, next to the sea and the green belt of for-

    est and maquis.

    Based on the planning documents, basic guidelines

    of the general concept of the area development im-

    ply: quality and diversified tourism offer, high end

    tourism facilities, development of leisure, sportsand recreational tourism, event tourism, integrat-

    ing the subject area with the environment infra-

    structure (roads, pedestrian paths, biking... ), high

    urban development level, a living place throughout

    a year, including off-season, public areas, piazzas

    and Mediterranean streets, gathering places and

    numerous green areas and parks.

    Around 10 000 residents and tourists will reside in

    the Pearl Shore area.

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    Su

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    AREA

    ( ha)

    NUMER

    OF

    BEDS

    Max

    GROSS

    BUILDING

    AREA

    PURPOSE TOTAL

    EMPLOYEES

    PERM.

    EMPLOYEES

    LOCATIONSTUDY:

    ANJSECTOR 51

    65.05 400 23 000 RECONSTRUCTIONOF EXISTING

    HOTELS

    650 194

    1 200 180 000 NEW HOTELS

    11 500 SEASONAL

    ACTIVITIES

    Total cca 65 1600 cca 200 000 650 194

    LOCAL

    LOCATIONSTUDY:

    PJEINE

    7.92 928 142 840 HOTEL, TOURIST

    RESORT WITHVILLAS AND

    APARTMENTS

    80 24

    32 4 860 CONDO HOTEL

    Total cca 8 960 cca 147 700 80 24

    DETAILED

    URBANPLAN:

    ANJ II

    82.21 1 500 30 500 INTERPOLATION

    OF EXISTINGBUILT STRUCTURE;

    RESIDENTIAL AND

    TOURISM

    820 245

    1 500 180 000 HOTEL

    3 500 210 000 APART HOTEL,

    VILLA, TOURIST

    RESORT

    Total_ 82 5 000 cca 420 500 820 245

    URBAN

    DESIGN:

    DUBOVICA

    18.88 750 25 500 HOTEL 190 57

    47

    800+1500

    HOTEL ANNEXES,

    VILLAS

    Total cca 19 750 cca 74 800 190 57

    TOTAL 174 10 000 843 000 1 740 520

    nyside

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    Sunnyside

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    Perspective view of individual locations

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    Perspective view of individual locations

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    Perspective view of individual locations

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    Sunnyside

    Pearl Shore beach

    Sea Park

    Queen s beach

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    Sunnyside

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    Sunnyside

    Sunny SideGeneral concept

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    General concept

    Location Sunn Side is situated in the undeveloped slope terrain, with a view to the

    Adriatic Sea and has very good natural conditions, which makes it an extremely at-

    tractive area.

    The area covered by the Plan is situated on the slope of 6 122 meters above sea

    level.

    Location area is 8.20 ha. together with the Pearl Shore resort and residential area of

    Miii, it enables a qualit valorization and planning of a unique tourism offer.

    Spatial development of the planning area includes the construction of the tourist

    complex that will have quality modern tourism offer, with the use and valorization of

    spatial and environmental advantages of the area.

    New tourist center will provide a rich and regionally integrated offer and enable theincrease of local and international tourism demand.

    Sunny Side project envisages the construction of a tourist complex with a condo ho-

    tel or residential area with villas and apartments. Additionally, construction of main

    and supplementary tourism facilities is planned, as well as sport and recreation facili-

    ties.

    Concept that defines Sunny Side complex is very successfully adjusted to the specific

    terrain slope, with suitable forms and materials that are in harmony with the environ-

    ment. Developed area, free public space and green park areas are also in harmony.Terrain characteristics have conditioned specific access roads, green pedestrian

    zones, promenade and squares, as well as specific public areas with their microcli-

    mates.

    Two long promenades are planned on the isohypses, with a view to the sea and the

    horizon. These promenades will connect all important complexes in this area with

    a system of small squares, stairways and terraces, ensuring continuity, good connec-

    tion with other complexes and intensive contact with the sea.These promenades are important because they create an enjoyable place for resting

    and socializing in the typical Mediterranean manner of using common town areas.

    Great attention given to the form has determined the construction material. Mon-

    tenegro has a long tradition of using stone for construction of houses; therefore this

    project envisages the use of stone for wall coatings, which will be combined with

    white facades and segments in wood.

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    Sunnyside

    ORGANIzATIONAL STRUCTURE OF THE SUNNY SIDE RESORT:

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    ZONE 1 LUX APARTMENTS

    ZONE 2 RESIDENTIAL APARTMENTS

    ZONE 3 HOTEL

    ZONE 4 VILLAS

    ZONE 5 SPORT AND RECREATION

    Thematic division of the Sunny Side resort:

    1. Family Complex

    2. Calm Complex

    3. Friends Complex

    4. Adventure Complex

    URBAN PLANNING PARAMETERS

    Net lot coverage ratio - 50%

    Floor area ratio - 1.8

    Maximum building floors - Ground floor+6 floors or higher,

    depending on terrain configuration

    Urban planning ratios of realized capacitieswithin the Sunny Side resort

    Plan Coverage Area 82,059.00 m2

    Max Area Under The Buildings 41,030.00 m2

    Max Gross Building Area 147,700.00 m2

    Max Number Of Accomodation Units 960

    Lot coverage ratio 0.5

    Floor area ratio 1.8

    1. zone 1 luxury apartments 24,900.00 m2

    2. zone 2 residential apartments 62,700.00 m2

    3. zone 3 hotel 22,300.00 m2

    4. zone 4 villas 10,000.00 m2

    5. zone 5 sport and recreation 4,000.00m2

    6. central facilities, apartment complex services 5,000.00 m2

    7. underground garage 18,800.00 m2

    MAX GROSS BUILDING AREA 147,700.00 m2

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    ZONE 1 Lux Apartments are for renting, with an option for residential ownership. Apartments canbe one bedroom two bedroom three bedroom and studios as well as penthouses

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    be one bedroom, two bedroom, three bedroom and studios, as well as penthouses.

    - 50% apartments of 65-85m2

    - 40% apartments of 120-200m2

    - 10% related services

    ZONE 2 Residential Apartments Complex will be established by grouping buildings from G+4floors to G+6 floors. Typical floors will include one bedroom, two bedroom and three bedroom apart-

    ments. Larger residential units, penthouses and duplexes will be situated on top floors of residential build-

    ings. All apartments will be provided with a parking space in garages that are planned in the basement or

    underground level of the building, depending on the terrain configuration. Direct access from the garage

    will be provided for a certain number of apartments.

    50% - one bedroom apartments30% - two bedroom apartments

    20% - three bedroom apartments, duplexes, penthouse

    ZONE 3 Hotel is planned at a location along the edges of the tourist complex, which will be acces-sible by footpaths or roads from all other planned locations in the complex. The hotel is planned in a way

    that will enable guests and visitors access to the sea shore and the beach.

    ZONE 4 Villas Villa is a prestigious, luxurious house for rent or sale and is treated as a special unitwith a complete catering service. Villas are envisaged in the areas of 1000m2, while the parking will be

    provided in the parking space or garage on the lot.

    Development of the Sunny Side resort is divaded on 13 lots. Depending on the investors requirements,

    development can be realized in stages, individually or in its entirety (condo hotel, hotel, tourist residential

    apartments, tourist villas or apartment with related facilities).

    Sustainability assessment

    Montenegro is one of the first states that have opted for the sustainable development. This has been de-

    fined by the Constitution and reaffirmed in the National Strategy for Sustainable Development and in the

    Law on Environmental Protection.

    Sustainabilit assessment, in accordance with the Law on Strategic Environmental Impact Assessment in

    the area of social relations, economy and environment, demonstrates that that the implementation of the

    Sunny Peak project has the potential for sustainable development.

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    Sunnyside

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    Sunny

    side

    Perspective view of Sunny Side resort

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    Pearl Shore New Place for New Life

    Sunny Side Project

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    Thematic approach

    Sunny Side Project

    Thematic approachSunnyid

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    Pearl Shore is a project on the ideal location with com-

    plete planning documentation, whose implementation

    can start immediately. Development deadline: 2.5 yearsIt is presented in a thematic manner, through four com-

    plexes:

    Entire complex will be realized according to the prin-

    ciples of energy efficiency and sustainable develop-

    ment. Investment maintenance will be provided within

    the entire condo complex. Numerous choices from a

    diversified offer will be available, such as: possibility of

    subsequent upgrading of the property, berth in the ma-

    rina, boat, swimming pool with fresh or sea water, with

    underwater lighting option, inclusion in the theme groupwith possible additions, use of sport facilities and ter-

    rains, exercise rooms, restaurants, themed coffee bars,

    language schools, shopping centers, marina, kindergar-

    tens, cinema, etc.

    Sunny Side complex will encompass 4 main complexes

    with numerous flexible options for the establishment of

    mini complexes.

    1.

    FAMILy

    2.

    CALM

    3.

    FRIENDS4.

    ADVENTURE

    yside

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    COMPLEX FAMILy

    Mini complex: Business & Family

    M l Y C l 1.Sunny

    side

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    Mini complex: Young Couples

    Mini complex: International

    This complex is intended for:

    Citizens of Podgorica, Bar, Budva...

    This can be their main or second home;

    Young couples that are married or are planning to get

    married, with small children or without children;

    Foreign citizens that live and work in Montenegro: com-panies, embassies, consulates, international organizations

    (UN, OSCE...), banks, journalists, consultants, etc.

    Within this complex you can:

    Realize a dream: living by the sea, working in the capital

    city due to the tunnel, this destination is now acces-sible;

    Attend a Montenegrin language school and other inter-

    national language schools;

    Have at your disposal international kindergarten and

    sport fields;

    Use the excursion

    FAMILyside

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    COMPLEX CALM

    Mini complex: 60+M l H l h L

    2.Sunnyside

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    Mini complex Health Living

    Mini complex: Vineyard

    Mini complex: Eco Culinary

    Mini complex: Art Colony

    This complex is intended for:

    Domestic and foreign pensioners, older persons, per-

    sons in need of medical care

    Foreign citizens;

    Lovers of sports, health living and organic food;

    Persons interested in culinary as a hoby (domestic

    people and foreigners)

    Within this complex you can:

    Use the service of visiting nurses, which is functioning

    within this mini complex, i.e. medical personnel that lives

    and works here, and well equipped surgeries and pharma-

    cies as well as the chess club; also, excellent connections

    with a Clinical Center Bar, Clinical Center Podgorica andprivate clinics;

    Buy a vineyard of 100+m2 in Crmnica area, near Skadar

    Lake and cultivate our grapes, make our own vine Vranac

    with the advice of enologists; Vine can be packaged in pack-

    aging with own labels and can be held in the vine cellar,

    while 20% of vine should be given to a vine house which is

    functioning within the complex;

    Have the advantage of using sport fields and equipment,as well as buying healthy, organic food

    Within this mini complex, there is a health food store,

    while the owners can produce their own health food within

    the green areas in the complex, or by purchasing land in

    Crmnica, all according to the advice of agricultural experts

    Attend cooking school, located within the complex, during

    the entire year, in the period that suits you (Montenegrin,Mediterranean, Italian, Chinese, Thai, Arab, etc. cuisine.);

    Lectures are cooks from the complexs restaurants.

    CALMside

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    3.

    COMLEX FRIENDS

    Mini complex: Sport and Health Living

    Mini complex: Hunting and Fishing

    Sunnyside

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    FRIENDS Mini complex: Hunting and Fishing

    Mini complex: Hippodrome

    Mini complex: Golf

    Mini complex: PetsThis complex is intended for:

    Foreigners and local citizens that live healthily and profes-

    sionally or recreationally involved in sports activities;

    Domestic and foreign fans of hunting, fishing, members of

    the military, police officers, pensioners, etc

    Horse lovers

    Golfers

    Pet ownersWithin this complex you can:

    Have the advantage of using sport fields and equipment,

    as well as buying healthy, organic food;

    Have the option of paying the additional amount which

    will get you a berth and boat in the complexs marina, berth

    and traditional boat (cun) on Skadar Lake, as well as the

    support in ensuring a berth in Bar or Porto Montenegro formooring of mega yachts;

    Within this complex there is a hunters association, shop

    for hunting and fishing equipment, arms, nets, rods, etc. as

    well as the caf-club Lovac (Hunter);

    Have the option of buying one or more horses in the

    horse farm in Crmnica, or place your horse in the hands of

    professionals

    Within the mini complex, there is a shop for equipmentand clothes for horse riding

    Have the option of organized golf playing within golf fields

    in Montenegro (5 in preparation), Croatia, Slovenia, Bosnia

    and Herzegovina, Serbia and Albania

    There will be a specialized golf equipment shop within the

    mini complex

    You will have access to the store selling food and equip-ment for pets, pets grooming salons, and pet care and pet-

    walking services

    side

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    4.

    COMLEX ADVENTURE

    Mini complex: Excursion

    Mini complex: Adventure

    Sunnyside

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    ADVENTUREMini complex: Adventure

    Mini complex: Business

    This complex is intended for:

    Foreigners who want to discover beautiful parts of Mon-

    tenegro;

    Property owners with very adventurous spirit, which want

    to try kite surfing, diving, sailing, rafting on the River Tara,

    Nevidio canyon, climbing on Prokletije, summer skiing on

    Durmitor

    Business people with dynamic spirit

    Within this complex you can:

    Have the option of receiving timely information and dis-

    counts on numerous tours (sea, Skadar Lake, mountains,Kotor, Dubrovnik...) that will be organized by the tourist

    agency Pearl Shore, operating within this mini complex;

    Have the option of organized or individual visits to all at-

    tractive locations in Montenegro and region, buying and

    renting required equipment, vehicles or vessels, and social-

    izing in the caf/club Extreme.

    side

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    Conclusion

    Best country for investments (Montenegro), most attractive coast that has not been devastated, most efficient local

    self-government (Bar), ideal traffic connections (plane, boat, train, car), excellent project, developed fully in line with

    required planning documentation, make the Project Pearl Shore Sunny Peak, a new quality of the offer, a solution that

    is fast to implement and cost effective.

    Sunnyside

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    Project design:

    studio SYNTHESIS

    architecture&design

    Podgorica, Montenegro

    www.studiosynthesis.me

    with:

    Studio Acitoandpartners, Matera, Italy

    Studio React, Belgrade, Serbia

    Immpresum:

    Editor: MSc Sonja Radovi-Jelovac arch.Design: Irena Milai, Baroom Baroom Studio, Montenegro

    Text: Edar Civomulj and other

    Photo Duko Miljani, NTO and othher

    Printed at: DPC- Podgorica

    Montenegro

    Podgorica

    March , 2009

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    Contact:

    VILA PARK LTD.

    Bulevar Svetog Cetinjskog 31

    81000 Podgorica, MontenegroPhone/Fax: +382 20 247 510

    Mob: +382 67 650 033; +382 67 880 969

    e-mail: [email protected]

    www.pearlshore.com