The company announces its plans to develop an integrated destination covering a total area of 6.8 million square meters in Lustica, in the municipality of Tivat on the Mediterranean’s Traste Bay. The company will retain a majority stake of 90% in Lustica Development AD Podgorica while the Government of Montenegro will hold the balance.

The project is planned to offer 2,350 residential units, several hotels, a town centre, a marina on the Adriatic Sea, an 18 hole golf course, commercial facilities as well as basic infrastructure requirements. The first phase of the project includes a hotel, town centre, golf course, and the main mooring area. The first phase is expected to be operational within five years.

Frontier Financial Services (FFS ) was established in early 2007 to support the growing international property investment industry. The popularity of international investment in real estate by UK buyers has meant that more and more purchases were taking place in emerging markets not used to foreign buyers…

…As the only UK firm to offer mortgages in Croatia and Montenegro, FFS can facilitate loans of 70% LTV for both UK and Irish buyers on completion. That FFS is the only broker to offer overseas property finance in these countries is indicative of the exceptional relationships and strong trust it has forged with banks worldwide. It has also engineered 90% LTV mortgages in Poland and special terms for newly formed companies in Romania, as well as staggering 100% LTV mortgages in Turkey…

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