Pearl Shore New Place for New Life

Sunny side
Montenegro

Pearl Shore New Place for New Life

VILA PARK LTD. Bulevar Svetog Cetinjskog 31 81000 Podgorica, Montenegro Phone/Fax: +382 20 247 510 Mob: +382 67 650 033; +382 67 880 969 e-mail: vilapark@t-com.me www.pearlshore.com

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 networks under the slogan of Wild Beauty, on the top of high end tourist, investment and business destinations. Currently, 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 yacht 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 sustainable 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 prosper. 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!

Welcome!

Vila Park ltd.

Pearl Shore New Place for New Life

Surface: 13,812 km2 Location: On the Adriatic Coast, in South East Europe Population: 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: Cetinje Length of borders: 614 km Coastline - 294 km, Beaches - 73 km Highest mountain 2,522 m (Durmitor, Bobotov kuk) Largest lake: Skadar Lake - 391 km Deepest canyon: The Tara canyon 1,300 m Largest bay: Boka Kotorska National parks: Durmitor, Biogradska gora, Lake Skadar, Lovcen. Climate: Mediterranean climate, hot dry summers and autumns and relatively cold winters with heavy snowfalls inland Political system: Republic

Border crossings: Albania - Bozaj and Sukobin Bosnia and Herzegovina - Sitnica, Vilusi, Scepan Polje Croatia - Debeli brijeg Italy-over sea Serbia: Brodarevo Ports: Bar, Budva, Kotor and Herceg Novi Airports: Podgorica /45 km/and Tivat / 55 km /away from Bar and close are Dubrovnik Croatia and Tirana Albania Currency: Euro Ethnic groups: Montenegrin 43%, Serbian 32%, Bosniak 8%, Albanian 5%, Other (Muslims, Croats, Roma 12%) Languages: Montenegrin (official), Serbian, Bosnian, Albanian, Croatian Foreign languages: English, German, Russian and Italian are the most common foreign languages spoken in the tourist resorts. Municipalities: Andrijevica, Bar, Berana, Bijelo Polje, Budva, Cetinje, Danilovgrad, Herceg Novi, Kolasin, Kotor, Mojkovac, Niksic, Plav, Pljevlja, Pluzine, Podgorica, Rozaje, Savnik, Tivat, Ulcinj, Zabljak National holiday: National Day, 13 July Time zone: CET - Central European Time (GMT+1) International telephone code: + 382 Mobile operators: 067 T-Mobile, 069 Promonte and 068 Mtel. Internet country code: .ME Electricity: 220 volts AC. Sockets are round two-pin.

Pearl Shore New Place for New Life

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 numerous 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 municipality, with Bar as its center, is 505 km. According to the 2003 census, its population is 40,037. The climate in Bar is Mediterranean, Mediterranean-Continental 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 near Old 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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ew Place for New Life

Queens beach

Pearl Shore Beach

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Pearl Shore New Place for New 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 water made it a favorite place of Montenegrin Queen Milena (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 development of this part of the coast, particularly Pearl Shore and Queens Beach. In the following years, a new, modern tourist destination will be developed 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 demanding clients all year round. New waterfront and promenade Lungo Mare along the coast, which continues to the hinterland of this new town, similar 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 areas along the beach are ideal for events and activities during the entire day.

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, with the combination of business and relaxation of mind and body, next to the sea and the green belt of forest and maquis. Based on the planning documents, basic guidelines of the general concept of the area development imply: quality and diversified tourism offer, high end tourism facilities, development of leisure, sports and recreational tourism, event tourism, integrating the subject area with the environment infrastructure (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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Sun s

AREA ( ha)

NUMER OF BEDS 400

Max GROSS BUILDING AREA 23 000

PURPOSE

TOTAL EMPLOYEES

PERM. EMPLOYEES

LOCATION STUDY: ANJ SECTOR 51

65.05

RECONSTRUCTION OF EXISTING HOTELS NEW HOTELS SEASONAL ACTIVITIES

650

194

1 200

180 000 11 500

nny side

Total LOCAL LOCATION STUDY: PJEINE

cca 65 7.92

1600 928

cca 200 000 142 840 HOTEL, TOURIST RESORT WITH VILLAS AND APARTMENTS CONDO HOTEL

650 80

194 24

32

4 860

Total DETAILED URBAN PLAN: ANJ II

cca 8 82.21

960 1 500

cca 147 700 30 500 INTERPOLATION OF EXISTING BUILT STRUCTURE; RESIDENTIAL AND TOURISM HOTEL APART HOTEL, VILLA, TOURIST RESORT

80 820

24 245

1 500 3 500

180 000 210 000

Total_ URBAN DESIGN: DUBOVICA Total TOTAL

82 18.88

5 000 750

cca 420 500 25 500 47 800+1500 HOTEL HOTEL ANNEXES, VILLAS

820 190

245 57

cca 19 174

750 10 000

cca 74 800 843 000

190 1 740

57 520

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Pearl Shore New Place for New Life

Perspective view of individual locations

Pearl Shore New Place for New Life

Perspective view of individual locations

Perspective view of individual locations

Pearl Shore New

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Sea Park

Queen s beach

Pearl Shore beach

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Sunny side

New waterfront New public space

Sunny side
General Concept

General concept
Location Sunny 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 attractive 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 quality 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 the increase of local and international tourism demand. Sunny Side project envisages the construction of a tourist complex with a condo hotel or residential area with villas and apartments. Additionally, construction of main and supplementary tourism facilities is planned, as well as sport and recreation facilities. 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 environment. 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 microclimates. 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 connection 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. Montenegro 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.

Sunny Side

Pearl Shore New Place for New Life

Sunny side

Organizational structure of the Sunny Side resort:

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 capacities within the Sunny Side resort
Plan Coverage Area Max Area Under The Buildings Max Gross Building Area Max Number Of Accomodation Units 82,059.00 m2 41,030.00 m2 147,700.00 m2 960

Lot coverage ratio Floor area ratio

1. 2. 3. 4. 5. 6. 7. zone 1 luxury apartments zone 2 residential apartments zone 3 hotel zone 4 villas zone 5 sport and recreation central facilities, apartment complex services underground garage

0.5 1.8
24,900.00 m2 62,700.00 m2 22,300.00 m2 10,000.00 m2 4,000.00m2 5,000.00 m2 18,800.00 m2 147,700.00 m2

MAX GROSS BUILDING AREA

Zone 1 Lux Apartments are for renting, with an option for residential ownership. Apartments can
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+4

floors to G+6 floors. Typical floors will include one bedroom, two bedroom and three bedroom apartments. Larger residential units, penthouses and duplexes will be situated on top floors of residential buildings. 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 apartments 30% - 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 accessible 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 unit with 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 defined by the Constitution and reaffirmed in the National Strategy for Sustainable Development and in the Law on Environmental Protection. Sustainability 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.

Pearl Shore New P

Place for New Life

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Perspective view of Sunny Side resort

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Pearl Shore New

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Pearl Shore New Place for New Life Sunny Side Project Thematic approach

Sunny Side Project

Sunny side

Thematic approach
Pearl Shore is a project on the ideal location with complete planning documentation, whose implementation can start immediately. Development deadline: 2.5 years It is presented in a thematic manner, through four complexes:

1. Family

2. CALM

3. Friends

Adventure

4.

Entire complex will be realized according to the principles of energy efficiency and sustainable development. 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 marina, boat, swimming pool with fresh or sea water, with underwater lighting option, inclusion in the theme group with possible additions, use of sport facilities and terrains, exercise rooms, restaurants, themed coffee bars, language schools, shopping centers, marina, kindergartens, cinema, etc. Sunny Side complex will encompass 4 main complexes with numerous flexible options for the establishment of mini complexes.

COMPLEX Family

Sunny side

Mini complex: Business & Family 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: companies, 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 accessible; Attend a Montenegrin language school and other international language schools; Have at your disposal international kindergarten and sport fields; Use the excursion

1. Family

COMPLEX CALM

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Mini complex: 60+ Mini complex Healthy Living Mini complex: Vineyard Mini complex: Eco Culinary Mini complex: Art Colony This complex is intended for: Domestic and foreign pensioners, older persons, persons in need of medical care Foreign citizens; Lovers of sports, healthy 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 pharmacies as well as the chess club; also, excellent connections with a Clinical Center Bar, Clinical Center Podgorica and private clinics; Buy a vineyard of 100+m2 in Crmnica area, near Skadar Lake and cultivate your grapes, make your own vine Vranac with the advice of enologists; Vine can be packaged in packaging 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.

2. CALM

COMLEX FRIENDS

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Mini complex: Sport and Healthy Living Mini complex: Hunting and Fishing Mini complex: Hippodrome Mini complex: Golf Mini complex: Pets This complex is intended for: Foreigners and local citizens that live healthily and professionally 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 owners Within 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 for mooring 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 equipment and 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 equipment for pets, pets grooming salons, and pet care and petwalking services

3. Friends

COMLEX ADVENTURE

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Mini complex: Excursion Mini complex: Adventure Mini complex: Business This complex is intended for: Foreigners who want to discover beautiful parts of Montenegro; 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 discounts 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 attractive locations in Montenegro and region, buying and renting required equipment, vehicles or vessels, and socializing in the caf/club Extreme.

Adventure

4.

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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.

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

Pearl Shore New Place for New Life

Contact:
VILA PARK LTD. Bulevar Svetog Cetinjskog 31 81000 Podgorica, Montenegro Phone/Fax: +382 20 247 510 Mob: +382 67 650 033; +382 67 880 969 e-mail: vilapark@t-com.me www.pearlshore.com