OPP-HN-02 · Herceg Novi
Herceg Novi: Donja Arza, Luštica
CoastalPlanning set
- Area
- 93,330 m²
Track record · Tivat · Coastal region
LušticaBay
A long-term lease can underwrite a master-planned development programme that runs over several decades.
Greenfield
Luštica peninsula
Invested · December 2025€712.1M
Jobs577
Marina berths115
Agreement2009
The deal
Lease and construction agreement with the Government and the Municipality of Tivat, in force since December 2013.
Developer: Luštica Development AD Podgorica.
- A new mixed-use resort town built from a greenfield site on the Luštica peninsula
- Hotels, branded residences, a 115-berth marina, retail and leisure in one master plan
- Phased build-out still under way
Brands: The Chedi LušticaBay, Centrale LušticaBay by Angsana
What it proves
A long-term lease can underwrite a master-planned development programme that runs over several decades.
Open opportunities in the same region
OPP-HN-01 · Herceg Novi
Herceg Novi: Rt Ograda–Žanjic, Luštica
CoastalPlanning set
- Area
- 14,822 m²
OPP-HN-03 · Herceg Novi
Herceg Novi: Sutorina–Pećine coastal hotel and berths
CoastalPlanning set
- Area
- 12,019 m²
- Beds
- 75
- Berths
- 25
Looking for the next project like this?
We collect the planning documents, parcel data and the right contacts at the Ministry of Tourism, the Montenegrin Investment Agency and the municipality, and run those conversations in parallel with you.
We reply within one business day. Prefer email? Write to hello@montenegroinvest.com.