Thermal Springs
OctoberJanuary 201520171
Contents
1 Why thermal springs in Greece?
2 Investment highlights
3 HRADF’s portfolio
4 Fthiotida cluster
5 Edipsos thermal spring
6 Kythnos thermal spring
Hellenic Republic Asset Development Fund 2 www.hradf.com Why thermal springs in Greece?
Greek thermal water composition Proximity to areas of great provides a unique variety of healing historical interest exquisite natural properties sceneries Greece is endowed with natural mineral springs and Thermopylae monument of Leonidas, Byzantine geothermal waters which form an integral part of the Museum of Fthiotida, ancient ruins and castles country’s national wealth. Both seaside and mountainous landscapes of unique natural beauty
Potential for many complimentary Unexplored business activity in a outdoor activities traditional tourist destination skiing in Parnassos and Karpenisi ski areas, Increasing demand for authentic health and lifestyle trekking, hiking, diving etc experiences has created the opportunity for Greece to become an international wellness destination
Hellenic Republic Asset Development Fund 3 www.hradf.com Investment highlights
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)
Hellenic Republic Asset Development Fund 4 www.hradf.com HRADF’s portfolio HRADF’s portfolio comprises:
Five (5) thermal springs in Fthiotida, One (1) thermal spring in Evia, in close proximity to areas of great a well known tourist destination with archaeological interest 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 of the locals at an only two hours distance from Piraeus port
Hellenic Republic Asset Development Fund 5 www.hradf.com HRADF’s portfolio
Platystomo Thermal Spring
Ypati Thermal Spring Edipsos Thermal Spring
Thermopylae Thermal Spring Kamena Vourla Thermal Spring & Koniavitis Camping
Kamena Vourla Thermal Spring
Thermal Springs
Platystomo Thermal Spring
Ypati Thermal Spring Kythnos Thermopylae Thermal Spring Thermal Spring Kamena Vourla Thermal Spring & Koniavitis Camping Kamena Vourla Thermal Spring Edipsos Thermal Spring Kythnos Thermal Spring
Hellenic Republic Asset Development Fund 6 www.hradf.com Fthiotida cluster
Potential for many complimentary outdoor activities (skiing in Parnassos and Karpenissi ski areas, trekking, hiking etc)
Ferry boat connection with the islands of Sporades (Agios Konstantinos and Volos ports) and Evia
Distances / Drive-times from major neighboring cities, transport Pelion infrastructure and tourist sites to : Volos Nea Anchialos
Platystomo Karpenissi • Athens (city center): 2h 44’ – 245 km ski center • Volos: 1h 52’ – 156 km Ag. Parnassos Konstantinos • Pelion: 2h 34’ – 184 km ski center • Ag. Konstantinos port: 1h 12’ – 82 km • Nea Anchialos airport: 1h 35’ – 131 km Athens • Parnassos ski center: 1h 25’ – 86 km • Karpenissi ski center: 1h 6’ – 49 km
Ypati Thermopylae Kamena Vourla / Koniaviti • Athens (city center): 2h 40’ – 230 km • Athens (city center): 1h 55’ – 195 km • Athens (city center): 1h 55’ – 174 km • Volos: 2h 00’ – 145 km • Volos: 1h 30’ – 130 km • Volos: 1h 45’ – 153 km • Pelion: 2h 17’ – 166 km • Pelion: 2h 0’ – 157 km • Pelion: 2h 14’ – 180 km • Ag. Konstantinos port: 0h 55’ – 65 km • Ag. Konstantinos port: 0h 27’ – 37 km • Ag. Konstantinos port: 0h 11’ – 9 km • Nea Anchialos airport: 1h 17’ – 113 km • Nea Anchialos airport: 1h 0’ – 104 km • Nea Anchialos airport: 1h 14’ – 127 km • Parnassos ski center: 1h 07’ – 69 km • Parnassos ski center: 1h 39’ – 41 km • Parnassos ski center: 0h 56’ – 64 km • Karpenissi ski center: 1h 16’ – 64 km • Karpenissi ski center: 1h 43’ – 89 km • Karpenissi ski center: 1h 55’ – 111 km
Hellenic Republic Asset Development Fund 7 www.hradf.com Fthiotida cluster
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.
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. 1h 5’ drive from Platystomo to Cape Artemissium, where the battle of Artemissium, a Kamena Vourla thermal spring series of naval engagements during the 2nd Persian invasion of Greece in 480 BC took place.
Platystomo Byzantine Museum of Fthiotida Ypati
Thermopylae Koniavitis Thermopylae Kamena Vourla archaeological site & Memorial of Leonidas and Sparta 300
Delphi archaeological site & Museum
Chaeronea, where the famous homonymous battle took place in 338 BC
Hellenic Republic Asset Development Fund 8 www.hradf.com Fthiotida cluster
1. Platystomo Thermal Spring
General Info
Prefecture Fthiotida Two hotels, one hydrotherapy center (spa) and Municipality Makrakomi numerous supporting facilities are located inside the property. Landplot 785,398 sqm One of the hotels and some of the supporting facilities are abandoned. The rest of the existing facilities (of Built area 11,194 sqm total built area 7.394 sq.m.) are currently operating. The property is currently leased. However, there is a Development Tourism-Leisure, pending litigation between ETAD S.A. and the lessee, concept Spa, Thematic Park who is expected to leave the property.
2. Ypati Thermal Spring
General Info Prefecture Fthiotida Located at the foot of Oiti mountain, within the homonymous town of Loutra Ypatis. Municipality Lamia Three listed hotel buildings , one hydrotherapy center (spa) and numerous supporting facilities included. Landplot 700,326 sqm The spring is known since ancient The property is currently operating as a hydrotherapy Built area c. 11,098 sqm center. Spring characteristics: 20°C < Water temperature < Development + - 2+ - + - - Tourism-Leisure, 34°C, Na - Cl - Ca - HCO3 - K - HS - Br - B - acidic - concept athletic facilities, mineral – hypotonic healthcare buildings
Hellenic Republic Asset Development Fund 9 www.hradf.com Fthiotida cluster
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 Municipality Lamia important historical sites Landplot 785,398 sqm. Two hotels, one hydrotherapy center (spa) and numerous supporting facilities are located inside Built area 4,057 sqm the property but, currently, are not operating. Development Tourism, Leisure, Spring characteristics: Water temperature > + - 2+ + - - concept Historical Theme 38°C, Na - Cl - Ca - K - HS - Br - B - acidic - Park mineral - hypotonic 4. Kamena Vourla Thermal Spring & Koniavitis Camping General Info
Prefecture Fthiotida Beachfront property Molos - Ag. Located at the foot of mountain Kallidromo, in Municipality Konstantinos proximity to areas of historical interest and natural beauty Landplot 789,272 sqm Abandoned camping and supporting facilities are Built area 1,510 sqm located inside the property Spring characteristics: 34°C < Water Development Tourism, Leisure, temperature < 38°C, Na+ - Cl- - K+ - HS- - Br- - B - concept vacation homes, acidic - mineral - hypotonic - weakly radioactive eco-camping
Hellenic Republic Asset Development Fund 10 www.hradf.com Fthiotida cluster
5. Kamena Vourla Thermal Spring
General Info Prefecture Fthiotida Beachfront property Located at the foot of mountain Kallidromo, in Municipality Molos - Ag. proximity to areas of historical interest and natural Konstantinos beauty Landplot 474.524,00 sqm Three hotels, two hydrotherapy centers (spa) and supporting facilities are located inside the property Built area c. 22,100 sqm 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 Development Tourism-Leisure, (only hotel Galini and spa Ippokratis are operating) concept Conf. Center Spring characteristics: 34°C < Water temperature < 38°C, Na+ - Cl- - K+ - Br- - B - mineral - hypotonic - radioactive
Hellenic Republic Asset Development Fund 11 www.hradf.com Edipsos Thermal Spring
General Info Prefecture Evia Thermal spring within property Municipality Istiaia -Edipsos limits Property situated in an area of Landplot 22,115sqm + 2,485 sqm special natural beauty in proximity (beach) . to areas of historical interest, next Built area 6,943 sq.m. to cave Sylla, one of the best preserved finds of Roman baths Development Tourism-Leisure, Spa concept The springs are known since the days of Aristotelis and their use Spring Water temperature > 38°C, Na+ dates back to 3rd century BC - + - Characteristics - Cl - K - Br - B - acidic - The mid –war period listed old spa mineral - supertonic - weakly of St. Anargiri is included radioactive Location Access from mainland, either Distance from major cities: via Chalkida (191 km from • Lamia: 75 km, 120 min Athens), or by ferry from • Volos: 100km, 120 min Arkitsa port (156 km from Athens) • Athens: 170 km, 180 min
Hellenic Republic Asset Development Fund 12 www.hradf.com Kythnos thermal spring
General Info
Prefecture Cyclades The hot springs of Kythnos were among the first to have emerged in Greece, including the spring o:Aghioi Municipality Kythnos Anargyroi”, which is a saline hot spring and is situated in the hydrotherapy center, and the spring “Kakavos” Landplot 7,200 sqm which is situated 50 meters away from the first one. A complex containing one hotel with 46 rooms (96 Built area 4,685 sqm beds), a hydrotherapy center with 14 baths, 1 Development Tourism- hydromassage and auxiliary spaces is located inside concept Leisure, Spa 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
Hellenic Republic Asset Development Fund 13 www.hradf.com 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, officers, 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.
Hellenic Republic Asset Development Fund 14 www.hradf.com