Petrovac Business residential development
About Atlas Group Atlas Group has over 30 members operating in the area of banking, financial services, insurance, real estate, production, tourism, media, education, culture and sport. Our companies have offices in Montenegro, Serbia, Cyprus and Russia Atlas Group is organized as a modern management unit with a main objective to increase the value of all member companies by improving performance, investing in new projects and creating of synergy between the member companies. Atlas Group operates in line with global trends promoting sustainable development and utilization of renewable energy sources. Philanthropic activities conducted through the Atlas Group Foundation, which is a member of the Clinton Global Initiative. Atlas Bank was awarded the status of the best Bank in Montenegro, and Atlas Group as best financial group for 2009. by world economy magazine "World finance. In order to promote its mission Atlas Group has hosted many famous personalities from the spheres of politics, business, show business and arts.
About Montenegro Located in Southeast Europe in the heart of Mediterranean. Extreme natural beauty and cultural historical heritage (4 national parks, Old town Kotor under UNESCO protection). Area: 13.812 km 2 ; population: 620.000; climate: continental, mediterranean and mountain; Capital city Podgorica with around 200.000 inhabitants. Borders with Croatia, BIH, Serbia, Albania and South part faces Adriatic Sea. Traffic connection: airports Podgorica, Tivat in Montenegro and airport in Dubrovnik, Croatia, port of Bar and Porto Montenegro, good connection of roads with international traffic. Currency: EUR Achieved political and economic stability in the process of joining: EU, WTO and NATO Economy is largely oriented towards real estate and tourism development stimulative investment climate (income tax 9%, VAT 19%, customs rate 6,6%, tax on real estate transaction 3%). World Bank in Doing business report for 2012. placed Montenegro per easiness of doing business at 56th position out of 183 countries. Average income of direct foreign investments in Montenegro in past 3 years was app. 850 million EUR. Average GDP in past 3 years is app. 3,1 billion EUR (FOR 2011. increase between 1,5% and 3% is expected); Average inflation rate in past 3 years is app. 3%.
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Petrovac Petrovac is small Montenegrin coastal place with around 1.500 inhabitants. It belongs to Budva s Riviera and forms its Southern border. Budva s Riviera represents mundane summer resort and center of Montenegrin tourism, known by natural sandy beaches rich culturalhistorical heritage and various contents for fun and recreation. In past period Budva marks constant growth of tourist visits and overnights, with longest tourist season in Montenegrin coast. Large amount of investment in tourism and real estate in Montenegro is oriented towards Budva s Riviera and marks constant growth despite global crisis effects. By Adriatic highway Petrovac is well connected to international road traffic, Tivat airport is 45 km away, Podgorica airport 37 km and Dubrovnik airport 88 km. History of Petrovac dates from times of Roman Empire, witnessed by mosaics from IV century. Settlement is rich in cultural-historical monuments, among them the most famous is fortification Castel Lastva from XVI century, and two small islands Katič and Sveta Neđelja with church on it. Apart from city beach with reddish sand, nearby there are two popular sandy beaches Lučice and Buljarica with wonderful green areas in the back part. Petrovac was a venue for shooting 2 popular famous movies Casino Royal James Bond and Brothers Bloom.
Location Location in Petrovac is in central part of town at current bus station. Well connected to all other parts of town and beaches, given that main street divides location in two urban lots and provides direct access to Adriatic highway. Click on image for google map At lot UP27 of area 785 m 2 it will be constructed app. 2.060 m 2 of business residential area with garages and technical premises while at lot UP76 of area 1.907 m 2 it will be constructed app. 8.300 m 2 of business residential and commercial area with garages.
Petrovac By Adriatic highway Petrovac has excellent communication with whole coast, and tunnel Sozina opens direct access to central region, i.e. capital Podgorica. Location is at the very entry to the city, at crossroads of all entry traffic lines, and for long period it was used as main bus station. Planning documentation DUP Petrovac wider zone that envisages relocation of current bus station and garages is passed. Tourism in Petrovac in past years featured huge expansion, it is favorite summer resort to domestic and foreign tourists. Terrain configuration where urban lots are located enables fantastic view of whole Petrovac bay.
Project Petrovac Given the position and connection it can be said that location has excellent investment potential. In this zone there is high demand for residential, commercial and catering content. UP 27 Project For the location concept solution is adopted that envisages construction of two separate objects at two urban lots with residential and business commercial function along with under ground levels for garages. Obtained urban parameters based on concept solution UP27 UP76 Area of urban lots 785 m² 1.907 m² Construction coefficient GDCA 1,59 1.250 m² 1.73 3.305 m² Occupancy coefficient Area under objects 0,40 314 m² 0,61 1.163 m² Maximum elevation 4 levels 3 levels Parking (not counted in GDCA) under ground levels under ground levels Free areas (terrain around objects 471 m² 744 m² Added value By joining the EU it is expected that. Real estate price in Montenegro will rise, especially by the sea Possibility of using renewable energy sources. Construction expansion in Petrovac and high demand from foreign buyers. Strategic position regarding coastal and central region of Montenegro. Planned roundabout next to location will concentrate traffic of pedestrians and vehicles and increase value of location.
Project Petrovac UP27 Project is designed so that business commercial objects are placed in lower level, using the proximity of main street, and apartments in upper floors. Apartments are designed in modular system that enables high flexibility, combining and organization of apartments depending on market needs. By adding the modules apartments can be expanded and reduced. Reference It is possible to form duplex apartments, and residential units have sea view. UP 27 Project Materials in objects connect them with local architecture - stone with introduction of modern elements/materials in order to achieve link with contemporary trends (glass, greenery on façade, light wooden frames...). Project envisages forming of plateau that will be used in internal and public purposes, with all complimentary content.
Atlas Investments Ul. Stanka Dragojevića 4; 81000 Podgorica T: +382 20 409 809; F: +382 20 409 808 www.atlas-g.com