2. Introduction
• A new luxury beach resort on
Albania’s Adriatic Coast
• Located 30km from Tirana and the
international airport
• A focus on high quality construction
to international standards
• Significant investment in
infrastructure
• Set to become the most exclusive
beach resort in the region...
3. The Project Team
• The project is privately owned by CSS
Property Partners - a British investment
partnership
• Financiers – CSS Europe
• Development Team - NRG Europe LLP
• Architects - Woods Bagot (Master-plan)
• Construction – Trema Engineering (Strabag)
• Legal Advisors– Boga & Associates
• Financial Advisors – Ernst & Young,
Haysmacintyre
4.
5.
6.
7. Why Albania?
• Europe’s last emerging (coastal)
property market
• A stunning undeveloped coastline
• 200+ days of sunshine
• Prices lower than neighbours
• Potential for EU accession
8. Why Lalzit Bay?
• The only “virgin” beach located
within 30 minutes of Tirana and
the international airport
• Beach front position
• Government Master-planned. 20%
building density, 4 floors
maximum, 200m from sea
9. Facilities on offer
• Resident’s Beach Club, shops, bars,
restaurants
• Concierge service, medical centre,
• 24 hour security
• Clubs/Discos and other
entertainment
• Spa and wellness centre with gym
• Tennis courts and swimming pools
• On-site sales and rental management
services
10. Target market
• 3 Primary Markets
– Local “weekenders”
– Regional holiday-makers
– Foreign 2nd home
buyers, investors, retirement
19. Progress to date...
• 2011 – Pre-sales achieved targets 50
contracted sales
• Construction started January 2012
• Foundations laid for first apartment
blocks
• Work on villas commences next month
• Wide-ranging infrastructure work
• On target to open in 2013
Thanks very much. It’s a pleasure to be here today.Now I’m just going to spend 10 minutes introducing Lalzit Bay Resort and give you a summary of Who we are as companyWhat we are developing in AlbaniaWhy we chose AlbaniaWhy we chose Lalzit BayCurrent progress on-siteAnd then finish off with a short video
So, just to give you a summary of Lalzit Bay Resort...Luxury beachfront resort – comprising apartments, villas, 4/5 * hotel, and a various facilities. Situated close to Tirana and airportHigh Quality constructionInfrastructure Focus on building a community and
A little bit about who we are and the companies involved in the project....And we’ve chosen the best partners including...
You can see from the map here showing where we are located. We’re around a 30-40 minute drive from Tirana and the airport ... Traffic dependantThe Lalzit Bay Road turning is on the Tirana – Durres HighwayA new road now leads directly to the resort enabling direct access for tourists this summer.
Here’s an aerial view of the siteThe site is in 20 ha and has 300m beach frontage. Privately owned and not Government leased/Private which means land titles would be “Freehold” in UK terms.
The picture speaks for itself. The natural beauty of Lalzit Bay
Well why did we choose to invest in AlbaniaTo give you a few...
We chose Lalzit Bay over other areas for very specific reasons... The proximity to the capital Tirana – we envisage a resort that doesn’t just focus on main summer monthsThe International airport – visitor capacity increasing.Beachfront to a beautiful and very deep sandy beach. No construction or development... Blank canvas for us to build a high-grade resort project... Masterplan – if there’s strong planning regulation assures us that is a sustainable area for longer-term investment...
A wide-range of facilities, that differentiate our resort from standard holiday apartments for exampleAnd the emphasis on community
From a buyer’s perspective, prices are as cheap as they ever will be so last year we sold to buyers based in 15 different countries. And they fall into 3 different market segments...Purchase costs are low / ongoing maintenance are low / taxes are low
Micro-resort to establish itself and work in line with demand patternsApartmentsVillasBeach You’ll see post-phase 1 size on the video.
These apartments currently onsale are restricted in height to ensure there is a feeling of light and space in andaround each apartment block.
Situated in landscaped gardens
It is the aim of Lalzit Bay Resort to meet this demand by providing aunique resort experience with an excellent build quality. For the first phaseof construction the developer is using a company that has as its majorshareholder one of Europe’s largest and most successful constructioncompanies. The construction firm Strabag, and its Albanian shareholdingTrema Engineering,
Designed to make best use of Albania’s Mediterranean climate, these stunningvillas are inspired by California’s elegant and modern beach front houses. Withspacious and luxurious indoor and outdoor areas in which to relax, villas makethe perfect place to spend family holidays throughout the year.
Next one video....Here’s a 3D video animation of the project.
