Announcement for the purchase of land in Montenegro
Announcement for the purchase of land in Montenegro
LAMDA Development announces the purchase of a 10.500 sqm plot of land in Montenegro in the town of Budva. In this plot the company will develop an exclusive second home resort. The total price of the above transaction is 3.7 million.
The plot has a view over the Sveti Stefan island, which will be developed into a luxurious holiday resort.
In the same area a number of developments have been announced from English and Russian investors as well as from AMAN resort, for the development of hotel complexes, marinas and second home developments.
The cost of this project will reach 16 million.
