Hellenic Republic Asset Development Fun - Iamatikes

Real Estate Development in Thermal & Wellness Tourism
Opportunity Overview
May 2013
Geographical Overview
The Properties are located in Central Greece, in proximity to main Greek cities and major airports
 4 properties (Kamena Vourla, Kamena Vourla Koniavitis, Loutra
Ypatis and Thermopylae) are located in Fthiotida prefecture
Volos
 1 property (Edipsos) is located in Evia prefecture
Loutra Ypatis
 The locations are easily accessed by car or flight
Lamia
Thermopylae
Kamena
Vourla
Edipsos
Kamena Vourla
Koniavitis
Athens
City with more than 4.000.000 people
City with 50.000- 150.000 people
Ski resort
Historical Sites
Port
Airport
Thermal Springs
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Geographical Overview
Sizable land plots with different characteristics providing for diverse opportunities for development
Volos
Loutra Ypatis (Land Plot: 532,488m²)
Loutra Ypatis
Lamia
Thermopylae
Kamena Vourla (Land Plot: 217,945m²)
Kamena
Vourla
Edipsos
Kamena Vourla
Koniavitis
Kamena Vourla Koniavitis
(Land Plot: 668,000m²)
Thermopylae (Land Plot: 250,359m²)
Athens
Edipsos (Land Plot: 24,600m²)
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Investment Overview
Description of the Investment Opportunity
As part of its Privatization Program, the Hellenic Republic has entrusted the Hellenic Republic Asset Development Fund (the
“HRADF”) with the process of structuring a transaction for the development of 5 properties including thermal springs (the
„‟Thermal Springs” or the “Properties”). Currently, the properties under consideration are: 1) Edipsos, 2) Kamena Vourla, 3)
Kamena Vourla Koniavitis, 4) Thermopylae and 5) Loutra Ypatis.
Investment Highlights

Unexplored business activity in a traditional tourist destination

Geographical location easily accessed by car or by chartered flights

Proximity to areas of great historical interest and natural beauty

The potential for investment includes a variety of business development such as hotels, residents, marinas, parks etc.

Potential for many complimentary outdoor activities (skiing, trekking, hiking etc)

Proximity to the five Thermal Springs allows for complementary uses
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Investment Highlights
Unique properties combining thermal springs, natural beauty, historical interest and proximity to seaside
Volos
Loutra Ypatis
Total Land Plot: 532,488m²
Permissible Building Area: 53,250m²
Current Built Area: 11,098m²
Loutra Ypatis
 Located at the foot of Oiti mountain,
in a small town surrounded by a
wooden park
 2 listed buildings included
 The springs are known since ancient
times
 Offers tranquility
Lamia
Thermopylae
Kamena Vourla
Total Land Plot: 217,945m²
Permissible Building Area: 40,407m²
Current Built Area: 22,100m²
Kamena
Vourla
 Famous tourist destination at the
foot of mountain Kallidromo
 Beachfront property
 In proximity to areas of historical
interest and natural beauty
 Offers tranquility
 One of the top wellness natural SPA
resorts in Greece (Gallini)
Edipsos
Kamena Vourla
Koniavitis
Thermopylae
Athens
Kamena Vourla Koniavitis
Total Land Plot: 250,359m²
Permissible Building Area: 20,378m²
Current Built Area: 4,057m²
Total Land Plot: 668,000m²
Permissible Building Area: 42,000m²
Current Built Area: -
 Located at the foot of mountain
Kallidromo, next to very important
historical sites (battle of
Thermopylae)
 Situated in an area of great natural
beauty offering tranquility
 Famous tourist destination at the
foot of mountain Kallidromo
 Beachfront property
 In proximity to areas of historical
interest and natural beauty
Edipsos
Total Land Plot: 24,600m²
Permissible Building Area: 8,846m²
Current Built Area: 6,943m²




Popular SPA destination in Greece
Beachfront property
Listed building included
The springs date back to 3rd century
BC
 North Evia is popular for the
stunning sceneries of green forests
and the beautiful beaches
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Potential Development
Excellent opportunity for real estate development with potential for a wide range of alternative uses
Volos
Loutra Ypatis
 Tourism, Leisure
 Hotels, SPA, Agrotourism, shops,
restaurants, Golf Park
Kamena Vourla
 Tourism, Leisure
 Hotels, SPA, Restaurants
Loutra Ypatis
Lamia
Thermopylae
Kamena
Vourla
Edipsos
Kamena Vourla
Koniavitis
Thermopylae
Athens
 Tourism, Leisure,
 Hotels, SPA, Historical Theme
Park
Kamena Vourla Koniavitis
 Tourism, Leisure
 Hotels, SPA, Residents, Marina,
shops, restaurants
Edipsos
 Tourism, Leisure
 Hotels, SPA, Food court
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Disclaimer
This presentation has been prepared by Alpha Bank (thereafter “ALPHA”), for the purpose of informing potential investors about the
investment opportunity described herein, and may not be used or relied upon for any purpose other than as specifically contemplated by a
written agreement with ALPHA. In furnishing this presentation ALPHA undertakes no obligation to provide the recipient with access to any
additional information. ALPHA expressly reserves the right, without giving reasons therefore, at any time and in any respect, to revise,
supplement or withdraw any information and to terminate discussions with any or all prospective investors.
This presentation is intended to give the recipients a preliminary introduction to the investment opportunity, is based on information that has
not been verified by ALPHA and does not purport to be all-inclusive or to contain all of the information that the recipients may require.
Prospective investors should perform and rely solely on their own independent investigation, consult with their own advisers, and reach their
own conclusions with regards to this investment opportunity.
With respect to all information furnished to any recipient of this presentation, none of ALPHA, the Group of companies controlled by ALPHA
(thereafter “ALPHA Group”), nor any of their respective directors, partners, officers, representatives, employees, advisers or agents (thereafter
"Relevant Persons") make any representations or warranties, express or implied, concerning any such information, including the accuracy,
reliability, completeness or quality thereof, or the omission of any information, and accept no responsibility or liability whatsoever in
connection therewith.
Accordingly, none of the ALPHA Group or any of their respective Relevant Persons shall be liable for any direct, indirect or consequential loss or
damage suffered by any person as a result of relying on the accuracy of any information or any statement in, or errors in, or omission from,
this presentation. In addition, this presentation and any opinion expressed therein is confidential and must not be copied, reproduced or
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This presentation speaks only as of the date it is given, and the views expressed are subject to change based upon a number of factors,
including market conditions and prospects and no responsibility, liability or duty of care is or will be accepted by the ALPHA Group or any of
their respective Relevant Persons for updating this presentation or correcting any inaccuracies herein which may become apparent.
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