Greece – Luxury Residences and New 5-star Marina Hotel

The further development of an existing investment of EUR 300 million currently included two 5 star hotels, two Casinos, Winery, Marina with 315 berths, 18-hole Golf Course and an auxiliary 9-hole Golf Course, several small hotels, spa centers, conference center. The new investment consists of various discrete development projects, an ideal place for the establishment of one of the biggest Wellness Resorts in Europe. A co-investment could develop a popular destination for elderly people from all over the world, especially from the Far East and China, people who want to combine peace, mountain, mountain, wonderful climate, religious tourism, ancient history and contact with an amazing nature. A) Village Club, Luxurious Marina Apartments (412 units) with total built area 31,000sqm (building permits issued). Village Club involves the development of 412 medium to high and high end apartments of which 47 have already been completed, 60 are under construction and 305 can be developed soon as all necessary permits and licenses are in place. Capital needed (equity) 35.000.000€. Expected net revenues of €109.000.000, Expected EBITDA of €44.000.000. B) Luxury Residences Project (single family homes) with total built area 122,000sqm (building permits issued). 768 luxury residences in 10 low density villages across the coast line of the resort as well as around the golf course. Capital needed (equity) 137.000.000 . Building licenses have been already obtained. Expected net revenues of €468.000.000, Expected EBITDA of €230.000.000.