Thermal Springs October 2015 January 2017 1 Contents 1 Why - - PowerPoint PPT Presentation

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Thermal Springs

October 2015

January 2017

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Hellenic Republic Asset Development Fund www.hradf.com

Contents

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1 Why thermal springs in Greece? 2 Investment highlights 4 Fthiotida cluster 5 Edipsos thermal spring 6 Kythnos thermal spring 3 HRADF’s portfolio

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Hellenic Republic Asset Development Fund www.hradf.com

Greek thermal water composition provides a unique variety of healing properties

Greece is endowed with natural mineral springs and geothermal waters which form an integral part of the country’s national wealth.

Proximity to areas of great historical interest exquisite natural sceneries

Thermopylae monument of Leonidas, Byzantine Museum of Fthiotida, ancient ruins and castles Both seaside and mountainous landscapes of unique natural beauty

Potential for many complimentary

• utdoor activities

skiing in Parnassos and Karpenisi ski areas, trekking, hiking, diving etc

Unexplored business activity in a traditional tourist destination

Increasing demand for authentic health and lifestyle experiences has created the opportunity for Greece to become an international wellness destination

Why thermal springs in Greece?

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Hellenic Republic Asset Development Fund www.hradf.com 4

1.Unique Opportunity

• Unexplored business activity in a traditional tourist destination such as Greece
• The potential for investment include a variety of business development such as

hotels, residents, marinas, parks etc.

• 2. Ideally Located Properties
• Geographical location easily accessed by car or by chartered flight (Anchialos

airport), or by boat (port of Lavrio)

• Most of the properties are beachfront
• Proximity to areas of great historical interest and natural beauty
• Relatively close to major Ski centers (Parnassos, Karpenisi) (Fthiotida cluster) and

daily connections with major Cyclades islands (Kythnos thermal spring)

• 3. Potential for complementary use and supplementary activities
• Proximity among the Thermal Springs allows the complementary use
• It is envisaged the properties to be developed either individually or at a cluster form
• Potential for many outdoor activities (trekking, hiking etc)
• A wide variety of uses could be explored (Agrotourism, ecotourism, golf operation,

family or children oriented destination, medical tourism, marina)

Investment highlights

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Hellenic Republic Asset Development Fund www.hradf.com

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HRADF’s portfolio comprises:

Five (5) thermal springs in Fthiotida, in close proximity to areas of great archaeological interest One (1) thermal spring in Evia, a well known tourist destination with great beaches and stunning sceneries of green forests One (1) thermal spring in Cyclades, and specifically in Kythnos island which offers the famous Cycladic scenery and the unique hospitality

• f the locals at an only two hours distance from

Piraeus port

HRADF’s portfolio

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Hellenic Republic Asset Development Fund www.hradf.com

HRADF’s portfolio

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Platystomo Thermal Spring Ypati Thermal Spring Thermopylae Thermal Spring Kamena Vourla Thermal Spring Kamena Vourla Thermal Spring & Koniavitis Camping Edipsos Thermal Spring

Platystomo Thermal Spring Ypati Thermal Spring Thermopylae Thermal Spring Kamena Vourla Thermal Spring & Koniavitis Camping Kamena Vourla Thermal Spring Edipsos Thermal Spring Kythnos Thermal Spring

Thermal Springs

Kythnos Thermal Spring

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Hellenic Republic Asset Development Fund www.hradf.com

Fthiotida cluster

7 Distances / Drive-times from major neighboring cities, transport infrastructure and tourist sites to : Ypati

• Athens (city center):

2h 40’ – 230 km

• Volos:

2h 00’ – 145 km

• Pelion:

2h 17’ – 166 km

• Ag. Konstantinos port:

0h 55’ – 65 km

• Nea Anchialos airport:

1h 17’ – 113 km

• Parnassos ski center:

1h 07’ – 69 km

• Karpenissi ski center:

1h 16’ – 64 km

Thermopylae

• Athens (city center):

1h 55’ – 195 km

• Volos:

1h 30’ – 130 km

• Pelion:

2h 0’ – 157 km

• Ag. Konstantinos port:

0h 27’ – 37 km

• Nea Anchialos airport:

1h 0’ – 104 km

• Parnassos ski center:

1h 39’ – 41 km

• Karpenissi ski center:

1h 43’ – 89 km

Kamena Vourla / Koniaviti

• Athens (city center):

1h 55’ – 174 km

• Volos:

1h 45’ – 153 km

• Pelion:

2h 14’ – 180 km

• Ag. Konstantinos port:

0h 11’ – 9 km

• Nea Anchialos airport:

1h 14’ – 127 km

• Parnassos ski center:

0h 56’ – 64 km

• Karpenissi ski center:

1h 55’ – 111 km

Platystomo

• Athens (city center):

2h 44’ – 245 km

• Volos:

1h 52’ – 156 km

• Pelion:

2h 34’ – 184 km

• Ag. Konstantinos port:

1h 12’ – 82 km

• Nea Anchialos airport:

1h 35’ – 131 km

• Parnassos ski center:

1h 25’ – 86 km

• Karpenissi ski center:

1h 6’ – 49 km

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Potential for many complimentary outdoor activities (skiing in Parnassos and Karpenissi ski areas, trekking, hiking etc)

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Ferry boat connection with the islands of Sporades (Agios Konstantinos and Volos ports) and Evia

Athens Volos Pelion Karpenissi ski center Ag. Konstantinos Nea Anchialos Parnassos ski center

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Hellenic Republic Asset Development Fund www.hradf.com

Fthiotida cluster

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Proximity among Fthiotida cluster’s thermal springs (the maximum distance between two thermal springs of the cluster is 73 km, i.e. approx. 1h drive) allows for complementary use.

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Moreover, Fthiotida cluster’s thermal springs are located in proximity to areas of great historical interest (Thermopylae monument of Leonidas, Byzantine Museum of Fthiotida, ancient ruins and castles) and of great natural beauty.

Cape Artemissium, where the battle of Artemissium, a series of naval engagements during the 2nd Persian invasion

• f Greece in 480 BC took place.

Platystomo Ypati Thermopylae Koniavitis Kamena Vourla Byzantine Museum

• f Fthiotida

1h 5’ drive from Platystomo to Kamena Vourla thermal spring

Delphi archaeological site & Museum Thermopylae archaeological site & Memorial of Leonidas and Sparta 300

Chaeronea, where the famous homonymous battle took place in 338 BC

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Hellenic Republic Asset Development Fund www.hradf.com

Fthiotida cluster

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• 1. Platystomo Thermal Spring

General Info

Prefecture Fthiotida

• Two hotels, one hydrotherapy center (spa) and

numerous supporting facilities are located inside the property.

• One of the hotels and some of the supporting facilities

are abandoned. The rest of the existing facilities (of total built area 7.394 sq.m.) are currently operating.

• The property is currently leased. However, there is a

pending litigation between ETAD S.A. and the lessee, who is expected to leave the property.

Municipality Makrakomi Landplot 785,398 sqm Built area 11,194 sqm Development concept Tourism-Leisure, Spa, Thematic Park

• 2. Ypati Thermal Spring

General Info

Prefecture Fthiotida

• Located at the foot of Oiti mountain, within the

homonymous town of Loutra Ypatis.

• Three listed hotel buildings , one hydrotherapy center

(spa) and numerous supporting facilities included.

• The spring is known since ancient
• The property is currently operating as a hydrotherapy

center.

• Spring characteristics: 20°C < Water temperature <

34°C, Na+ - Cl- - Ca2+ - HCO3

• - K+ - HS- - Br- - B - acidic -

mineral – hypotonic

Municipality Lamia Landplot 700,326 sqm Built area

• c. 11,098 sqm

Development concept Tourism-Leisure, athletic facilities, healthcare buildings

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Hellenic Republic Asset Development Fund www.hradf.com

Fthiotida cluster

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• 3. Thermopylae Thermal Spring

General Info

Prefecture Fthiotida

• Located in an area of great natural beauty, at the

foot of mountain Kallidromo, next to very important historical sites

• Two hotels, one hydrotherapy center (spa) and

numerous supporting facilities are located inside the property but, currently, are not operating.

• Spring characteristics: Water temperature >

38°C, Na+ - Cl- - Ca2+ - K+ - HS- - Br- - B - acidic - mineral - hypotonic Municipality Lamia Landplot 785,398 sqm. Built area 4,057 sqm Development concept Tourism, Leisure, Historical Theme Park

• 4. Kamena Vourla Thermal Spring & Koniavitis Camping

General Info

Prefecture Fthiotida

• Beachfront property
• Located at the foot of mountain Kallidromo, in

proximity to areas of historical interest and natural beauty

• Abandoned camping and supporting facilities are

located inside the property

• Spring

characteristics: 34°C < Water temperature < 38°C, Na+ - Cl- - K+ - HS- - Br- - B - acidic - mineral - hypotonic - weakly radioactive Municipality Molos - Ag. Konstantinos Landplot 789,272 sqm Built area 1,510 sqm Development concept Tourism, Leisure, vacation homes, eco-camping

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Hellenic Republic Asset Development Fund www.hradf.com

Fthiotida cluster

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• 5. Kamena Vourla Thermal Spring

General Info

Prefecture Fthiotida

• Beachfront property
• Located at the foot of mountain Kallidromo, in

proximity to areas of historical interest and natural beauty

• Three hotels, two hydrotherapy centers (spa) and

supporting facilities are located inside the property

• Two hotels and one spa are characterized as listed
• Property currently leased and operating as one of

the top wellness natural SPA resorts in Greece (only hotel Galini and spa Ippokratis are operating)

• Spring characteristics: 34°C < Water temperature <

38°C, Na+ - Cl- - K+ - Br- - B - mineral - hypotonic - radioactive Municipality Molos - Ag. Konstantinos Landplot 474.524,00 sqm Built area

• c. 22,100 sqm

Development concept Tourism-Leisure,

• Conf. Center

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Hellenic Republic Asset Development Fund www.hradf.com

Edipsos Thermal Spring

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General Info

Prefecture Evia

• Thermal spring within property

limits

• Property situated in an area of

special natural beauty in proximity to areas of historical interest, next to cave Sylla, one of the best preserved finds of Roman baths

• The springs are known since the

days of Aristotelis and their use dates back to 3rd century BC

• The mid –war period listed old spa
• f St. Anargiri is included

Municipality Istiaia -Edipsos Landplot 22,115sqm + 2,485 sqm (beach) . Built area 6,943 sq.m. Development concept Tourism-Leisure, Spa Spring Characteristics Water temperature > 38°C, Na+

• Cl- - K+ - Br- - B - acidic -

mineral - supertonic - weakly radioactive Location Access from mainland, either via Chalkida (191 km from Athens), or by ferry from Arkitsa port (156 km from Athens) Distance from major cities:

• Lamia: 75 km, 120 min
• Volos: 100km, 120 min
• Athens: 170 km, 180 min

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Hellenic Republic Asset Development Fund www.hradf.com

Kythnos thermal spring

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General Info

Prefecture Cyclades

• The hot springs of Kythnos were among the first to

have emerged in Greece, including the spring o:Aghioi Anargyroi”, which is a saline hot spring and is situated in the hydrotherapy center, and the spring “Kakavos” which is situated 50 meters away from the first one.

• A complex containing one hotel with 46 rooms (96

beds), a hydrotherapy center with 14 baths, 1 hydromassage and auxiliary spaces is located inside the property.

• The property is currently partially operating.
• Kythnos is a cycladic island between Kea and Serifos,

52 nautical miles from the port of Piraeus and less than 2 hours from the port of Lavrio Municipality Kythnos Landplot 7,200 sqm Built area 4,685 sqm Development concept Tourism- Leisure, Spa

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Hellenic Republic Asset Development Fund www.hradf.com 14 This presentation has been prepared by Hellenic Republic Asset Development Fund (the “HRADF”) for the exclusive use of the party to whom HRADF delivers this presentation (the “Recipient”) and for the purpose of providing information to interested parties in order to express their interest to provide strategy advisory services to HRADF in relation to the development of the Thermal Springs, as stipulated in the relevant Request for Proposals and may not be used or relied upon for any other purpose. In furnishing this presentation HRADF or its directors, officers, employees, agents and/or advisors undertake no obligation to provide the Recipient with access to any additional information. HRADF 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 interested parties. This presentation is intended to give the Recipients preliminary information for the Thermal Springs and does not purport to be all inclusive or to contain all of the information that the interested parties may require. Interested parties should perform and rely solely on their own independent investigation and reach their own conclusions with regards to the Thermal Springs. With respect to all information furnished to any Recipient of this presentation, none of HRADF, nor any of their respective directors, partners,

• fficers, representatives, employees, advisors 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 HRADF, and/or 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 disclosed to any third party, in whole or in part, or summarized or be quoted or otherwise referred to in any report, document, public statement or announcement or in any other communication except as agreed in writing in advance by HRADF and the Relevant Persons. 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 HRADF, or any Relevant Persons for updating this presentation or correcting any inaccuracies herein which may become apparent.