TIVAT, MONTENEGRO (For Immediate Release) – LuÌÉåÁtica Development AD, a joint venture between Swiss-based Orascom Development Holding and the government of Montenegro, announced today that Gary Player, a member of the World Golf Hall of Fame and the most prolific globetrotting golfer in the history of the sport, has been selected to design LuÌÉåÁtica Bay Golf Course in Tivat, Montenegro. Minister for Sustainable Development and Tourism Predrag SekuliÌã?, Mayor of Tivat Miodrag KankaraÌÉåÁ, Managing Director of LuÌÉåÁtica Development Samuel Meyer and President of Gary Player Design Scott Ferrell addressed media representatives attending a press conference.
“I am delighted to be working in Montenegro and with such an esteemed company as Orascom”, said Gary Player. “The site there is absolutely stunning, surrounded by water and mountain views. I look forward to establishing a championship layout, with a keen eye toward environmental sensitivity, for all to enjoy.”
Over three decades, Gary Player Design has been a global leader in golf course design, marketing and real estate planning services. Through the years, Gary Player and Gary Player Design have executed a portfolio of over 300 projects in 35 countries on five continents. In creating unique and breathtaking golf courses the company and its founder have a full respect for the environment. Gary Player Design takes great care with regard to moving a minimal amount of earth, protecting wildlife and existing ecosystems, remediating and/or adding indigenous plant material and adhering to established local environmental guidelines.
The opening of the practice facility, which features a driving range, putting green and restaurant, is another added value to the development and an opportunity for everyone to experience the lifestyle in this burgeoning resort town. The driving range and restaurant will operate everyday from 09:00 AM to sunset and an experienced golf professional will be available all season for golfer’s interested in improving their game. Private lessons are Ì¢?åÂ20 for 30 minutes or Ì¢?åÂ30 for 50 minutes.
“Since this is the first golf course in Montenegro, it is especially important to expose the sport to the local youth through lessons and friendly competitions,” says Managing Director of LuÌÉåÁtica Development Samuel Meyer. “We would very much like to see the future generations of Montenegrins actively engaged in golf and maybe even get some serious contenders within the international golf community from this region.”
Furthermore, the Government of Montenegro, Municipality of Tivat and Lustica Development AD are about to agree on an Effective Date for their Lease and Development Agreement for July 2012, signalling a very significant milestone for the project as the developers are bound to deliver their minimum build and investment obligations within four years.
“We are delighted with the preliminary acceptance of our products and have signed reservations and sales contracts,” said Meyer. “Also, we have built a model apartment and viewing platforms for our customers on the future locations of the marina, main road, and golf hotel. We are in constant communication with our customer base to perfect the product, unit designs and overall architecture”.
LuÌÉåÁtica Bay’s master plan is currently being developed into building permits and being implemented by only the most qualified teams. Lustica Development AD is also working on all the marketing material and negotiating with several internationally known hotel operators.
With a top-notch championship golf course, world-class marinas, five-star hotels, gourmet dining, exceptional nightlife and entertainment, LuÌÉåÁtica Bay will have everything seasoned travelers have come to expect from Europe’s finest resort towns.
For further information, please contact:
MAGNA PR Agency
FruÌÉåÁkogorska 3A
Podgorica Montenegro
+382. 20. 237. 176 T
+382. 20. 239. 240 F
+382 67. 269. 010 M
dejan.lucic@magna.co.me
NOTE TO EDITOR: Founded in 2008, LuÌÉåÁtica Development AD is a joint venture between Swiss based Orascom Development Holding (90%) and the government of Montenegro (10%). The LuÌÉåÁtica Bay project is estimated at over Ì¢?åÂ1 billion. Orascom Development Holding AG is a leading developer of fully integrated towns that include hotels, private villas and apartments, leisure facilities such as golf courses, marinas and supporting infrastructure. Orascom operates in nine jurisdictions (Egypt, Jordan, UAE, Oman, Switzerland, Morocco, United Kingdom, Montenegro and Romania) and is continuously seeking development opportunities in untapped yet attractive locations all over the world. The Group has four existing projects: El Gouna, the flagship project, a fullyÌ¢?åfledged town on the Red Sea coast (Egypt). Taba Heights, on the Sinai Peninsula (Egypt), is the Group’s second tourism destination following El Gouna’s business model. The Cove (Ras Al Khaimah, UAE) is the Group’s first development experience outside Egypt. Haram City, an integrated town dedicated to affordable housing in Egypt, catering for the mass population.
Background information about LuÌÉåÁtica Bay
Discover the majesty of Montenegro
LuÌÉåÁtica Bay is perfectly located along the Adriatic Coast in the idyllic TraÌÉåÁte Bay in Montenegro, the youngest European country. LuÌÉåÁtica Bay provides access to one of the world’s most natural and historical settings.
Untouched natural beauty… the LuÌÉåÁtica Peninsula
Montenegro embodies the unspoiled nature of the Mediterranean, replete with authentic village character and a timeless tradition of hospitality. This rich history and the amazing textured landscape provide inspiration for the planning and design of LuÌÉåÁtica Bay.
A strong sense of responsibility to the natural habitat has been adopted in the development of the pristine, naturally vibrant region surrounding TraÌÉåÁte Bay. By preserving large zones of nature and leaving the ridgelines and coastlines unblemished, LuÌÉåÁtica Bay will be a harmonious project on the LuÌÉåÁtica Peninsula.
LuÌÉåÁtica Bay will feature:
275 residential villas
271 townhome units
1158 apartment units
8 hotels with a total of 1260 rooms and suits
1 Thalasso center
2 marinas with mooring and docking support facilities
1 world-class year-round 18-hole golf course
Conference Center
Year-round living amenities, including shopping, dining, primary school and medical facilities
For further information please visit www.lusticabay.com
About Gary Player Design
Widely recognized as the world’s most successful golf course architectural firm, Gary Player Design established by Marc Player in 1983 has completed over 325 championship courses spanning the globe. With an ever-increasing number of courses stretching across five continents and encompassing more than 35 countries, the firm is renowned for its select and ecological approach to design.
Magazines such as Golf Asia, Travel & Leisure, Golf Digest, Golf Week, Golf World Worldwide Golf, and The Complete Golfer have consistently listed Gary Player courses among the top places to play. Travel & Leisure Golf named Leopard Creek in South Africa one of the top ten Best International Courses; Geneva National was referred to by Golfweek as the best course you can play in America; and Golf, Inc. named BlackSeaRama in Bulgaria the 2010 International Development of the Year. Awards and accolades such as these are numerous, and for good reason. Gary Player Design doesn’t simply design the course and walk away; they also provide the consulting services that will guide a newly established project through the implementation steps necessary to ensure success. The results are premier golf courses & resorts that provide golfers with a unique style of luxury, the challenge of risk versus reward, and a truly memorable experience.
Although Gary Player’s golfing expertise influences every project, Gary Player Design offers three tiers of golf course design service; Black Knight Design™, Player Design™, and Gary Player Signature Design™. On Signature Design projects, Mr. Player is involved in every phase of design and development. With over 50 years of professional golf experience, Player, The World’s Most Traveled Athlete™ has visited and studied most of the great golf courses of the world so he understands that the design of a course takes both vision and respect for existing conditions. His design philosophy, and also that of The Player Group, is to create challenging yet playable courses that enhance the existing resources and retain the natural beauty of the land. Environmental sensitivity is a cornerstone of Gary Player’s passion for golf course design.
Gary Player, often referred to as the Black Knight, is one of the century’s greatest golfers and one of the original inductees into the World Golf Hall of Fame. He is one of only five golfers to ever win the Grand Slam on the PGA Tour and the only golfer to win the Grand Slam on both the regular and Champions Tour. Over the course of his career, Player participated in 438 Tour events, placed in the top 25 in 281 of them, and won 165 worldwide tournaments. Player, whose career earnings exceed $15 million, is a legend in his own time. Currently serving as The Global Ambassador to the World Golf Hall of Fame, he has been a three-time President’s Cup Captain and is ranked by Golf Digest as one of the top ten all-time golf greats. Player’s iconic status in sport adds immeasurable marketing value to all golf course design assignments he accepts. His legacy will most certainly ensure Gary Player’s Design success for many years to come.
For further information on Gary Player Design, Player Real Estate or Black Knight International, visit www.garyplayerdesign.com or contact Scott Ferrell at + 1-864-477-2720.
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