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Prestigious Resort Development

December 2018.
Prestigious Resort Development More on
Montenegro

The construction of the Portonovi Resort, spreading on 26 hectares of land with various housing options, private villas and Europe’s first “One&Only” - which will bear a name “One&Only Portonovi Montenegro’’, is ongoing.

The main investment company of Portonovi Resort is Azmont Investments whose corporate parent is the Azerbaijan Global Investments (AGI).  The construction of this luxury resort on the site in Herceg Novi, a coastal city located in the Bay of Kotor, along a 1.9 km stretch of coastline provides 220 apartments and 55 villas, upscale retail options for premium international fashion brands, private and public beaches, beach bars and top-notch restaurants and its D-Marin Portonovi Montenegro Marina, with 238 deep water berths designed to serve boats up to 120 meters. As from 2018, D-Marin Company, part of the Doğuş Group, took over the management of Portonovi Marina. Marina will serve as a border crossing, and along with all other facilities, it will also offer water and electricity supply, sanitary facilities, a washing service and gas station. It is planned to be in use throughout the year. The residential part as well as Marina and retail offer are to be in function and operational as of 2019.

Company name:
Azmont Investment – SOCAR, Dogus Group
Deal value:
EUR 650 milion
Company website:
www.oneandonlyresorts.com
www.azmont.com
www.dogusgrubu.com
Company size:
Azmont Investment – approx. 1,200 employees;
Dogus Group – over 35,000 employees;
 

Partners

Ebrd

Strategic partner

Karanovic Nikolic

Content partner

Confida

Content partner

I&F McCann

Communications partner