The Resort is a stunningly beautiful hotel and beach resort located on the one of most beautiful parts of the Montenegrin coastline, 50 km away from Tivat international airport, 60 km from Podgorica international airport, as well as 7 km from the Port of Bar (ferry line Bar – Bari, Italy) and the Belgrade - Bar railway intersection. The Resort ranges over the Ratac peninsula which is one of the most pulchritudinous and sought after tourist destinations in the region. 

The Ratac peninsula is an oasis of prodigal vegetation, which gives an exquisite charm to this unique resort location.

The Resort includes:

• Ground area of 37,700 m2, out of which only 8,631m2 or only 22% is occupied by the existing buildings, the rest are parks and landscaped Mediterranean type green areas;
• Prime seafront location with opportunity for further development of other facilities are bonus that makes this offer even more attractive;
• Accommodation is in 57 beach facing Villas all surrounded with Mediterranean lash greenery totalling 10,200m2 of comfortable accommodation all with a bathroom, sea view balcony and own garden;
• Social life is centred around the Central Building with several restaurants, Greek style tavern, mini market, two aperitif bars with terraces, bowling alley, billiard tables, open sports court, ambulance, shops, laundry and indoor pool totalling 6,097 m2,
• The beach, beach promenade and all other facilities are for the exclusive use of the Resort residents
• Total surface of all real estate facilities is 16,297 m2
•  Full capacity of the Resort is 310,250 guests' nights per annum

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SEECAP has been mandated to advise Quality Construction and Real Estate Development Company (“the Company”) on sale of 70% of the Company’s share capital preferably to a trade buyer who wishes to enter the growing Serbian construction and real estate development market. The investor will benefit from a strong brand name of a reputable quality builder and developer, with 20 years of experience, high quality key employees and the current owner wishing to remain with the Company as a minority shareholder and advisor who will be focused on taking the Company to a next stage up in development and growth. During 20 years of existence, it completed more than 1,000 projects constructing and/or refurbishing over 1,000,000 m2 of residential and office space.
It is highly profitable with net profits exceeding € 4 million in 2008, 76.30% up y-o-y compared to 2007.  The total operating revenue was € 25.17 million, is a 99.63% up compared with 2007. EBIT and EBITDA also increased substantially up to € 4.19 million and € 4.87 million in 2008, respectively.
The Company is well recognised as a “high quality builder”, which uses the highest quality materials combined with excellent workmanship. When acting as a real estate developer, it is focused on the Belgrade upmarket residential areas, developing two projects annually, planning new developments up to three years ahead. 
As a part of efforts in achieving complete clients satisfaction, the Company has invested in ISO 9001:2000 Quality Management System which was issued by Lloyd’s Register of Quality Assurance in 2008.
The Company wants to join forces with another large player in order to take full advantage of the newly created legal framework for real estate development in Serbia following the enactment of the new Law on Spatial Planning and Construction which creates a fast track and simplified building permission issuance procedure. The Law also allows, for the first time after 50 years, private ownership on the urban construction land, which will, in turn, enable a much more flexible real estate development financing than ever before. 
Additionally, the Serbian Government is preparing a financial stimulus packet to the construction industry. Local authorities will stimulate affordable residential development by offering chip land schemes to developers (20 000 dwellings in Belgrade alone). The Government also proposes to launch a new residential mortgages subsidised scheme for the purchase of newly constructed apartments for 3 years offering interest-free loans until October 2012. 

SEECAP has been appointed to manage the sale. For further details please click here

Resort is situated in Bay of Kotor, the most beautiful bay on South Adriatic coast.  The picturesque town of Prcanj is 5 km from the UNESCO protected Town of Kotor famous for its well preserved 12th and 14th century architecture, luxury yachts port and numerous Mediterranean restaurants and taverns discreetly hidden under the ancient walls or openly displayed on centuries old Italian style piazzas; the Tivat International airport is only 6 km away.  Vrmac is polyvalent health and spa resort. Numerous medical researches and studies have confirmed the healing properties of the climate of this part of Boka Bay.  Because of its geographical configuration, air streams around the Resort are enriched with halogen and other chemical substances contained in the sea water, while the evaporations of ethereal matters mixed with sea water enrich the atmosphere with minerals and ions that have positive effects on respiratory system. Such air and sea water is particularly beneficial to children or elderly with asthma.  
The Spa offers full hydro, sono, electro, peloido, thermo and kinesis therapies, body massage and other body treatments that can be combined with yoga, pilates and similar body healing therapies.
Health and Spa centre has a potential to generate earnings all year around thus keeping healthy occupancy rate in the adjacent accommodation.
The Spa is complemented by 460 bed accommodation, 2 restaurants, 2 bars, sea viewing  terrace, sports ground and the longest beach in the Boka Bay. Other facilities are the Summer Villa of His Highness P.P. Njegos, King of Montenegro, the 1920’s built Russian House featuring its own secluded matured Mediterranean garden and several houses for staff accommodation.  Ample potentials for redevelopment into an all year round luxury spa resort!!

SEECAP has been appointed to manage the sale. For further details please click here