Limassol Marina Presentation October 2013

Size: px

Start display at page:

Download "Limassol Marina Presentation October 2013"

Holly Blake
7 years ago
Views:

1 Limassol Marina Presentation October 2013

2 The Concept Limassol Marina is an exclusive waterfront development designed by a world-renowned team of architects and engineers. It combines elegant residences and a state-of-the-art marina with exclusive restaurants and shops, to create a lifestyle uniquely shaped by 'living on the sea'. It is expected to cost around 380 million and has welcomed its first yachts as of Q3 of Just a stroll away from the heart of Limassol, the marina is designed to blend seamlessly with the city s historic harbour, old town and medieval castle. Beautifully designed and fully equipped, it will be able to accommodate 630 yachts of up to 115 metres in length. It offers 274 units of residential property. From one-bedroom apartments to spacious villas, the choice of luxury properties has been carefully selected to satisfy a wide variety of requirements. A range of residential properties also benefit from dedicated berths. Step from your car through one door and out onto your yacht through another. The commercial area features an enticing mix of traditional tavernas, stylish international restaurants and waterfront bars, a comprehensive range of shops, elegant boutiques, designer stores and amenities close at hand. With its breathtaking views, and outstanding range of facilities, Limassol Marina is destined to become the most exclusive marina resort in the Mediterranean and one of the finest in the world.

It is expected to cost around 380 million and has welcomed its first yachts as of Q3 of 2013.

4 7. Thetis Residences 8. Cultural Building 10. Limassol Town Centre 1. Nereids Residences 6. Dioni Residences 9. Old Port 5. Dining & Shopping Area 2. Peninsula Villas 3. Castle Residences 4. Island Villas

5 Project History Republic of Cyprus Ministry of Commerce, Industry and Tourism Announces the Project as Development-Financing - Operation-Administration-Exploitation Project. Project awarded to Limassol Marina J/V in 31/05/07 An SPV company with the name of Limassol Marina Ltd (LML) is set up on 25/01/08 The Lease Agreement is signed on 25/01/08 A construction contract is signed between LML and the EPC Contractor J&P-Athena-Cybarco Marina Lemessou J.V. on 20/04/10 Construction Works started on 20/04/10

Project awarded to Limassol Marina J/V in 31/05/07 An SPV company with the name of Limassol Marina Ltd (LML) is set up on

6 The Limassol Marina Ltd. consists of the following companies and their respective shares: 30.50% Subsidiary of 3.00% 6.16% 21.66% 21.66% EBEL (Limassol Marina Development Company Ltd.) 5.00% 12.02%

7 The Marina Lemessou J.V. consists of the following companies and their respective shares: Subsidiary of 40% J&P-ATHENA-CYBARCO Marina Lemessou J.V. 15% 15% 30%

8 Structure Debt Equity / Debt Equity Marina / Commercial Revenues Revenues Property Development Revenues Cyprus Government Concession (Lease) Agreement Limassol Marina Ltd. (SPV) J&P Avax SA, J&P Ltd., Cybarco, Francoudi & Stefanou, Athena SA (Subsidiary of J&P Avax SA), CADS, EBEL. EPC Contractor J&P Avax SA, J&P Ltd., Athena SA, Cybarco Ltd. Construction / Operation Costs Marina Operator F& S Marinas with Camper & Nicholsons Advisors Master planner: Real Estate Advisor: Financial advisors: Auditors: Legal advisors: Sogreah Cyprus Ltd. A.F. Modinos & S.A. - Vrahimis architects and engineers in association with Atelier Xavier Bohl Cybarco J&P Avax S.A. KPMG L. Papaphilippou Law Office

Construction / Operation Costs Marina Operator F& S Marinas with Camper & Nicholsons Advisors Master planner: Real Estate Advisor: Financial advisors: Auditors: Legal

9 Main Terms of the Lease Agreement Marina Construction Completion Date: September 2013 Residential Construction Completion Expected Date: Q Size Residential: 34,000 m 2 Size Commercial: 6,000 m 2 Lease Marina Area: Lease Commercial Areas: Lease Residential Areas: Right of First Refusal: Government Receivables from Residential development: Annual Fixed Rental to the Government: 53 Years 53 Years 125 yrs (53 Years Plus another 72 yrs from the Government to the end user) To end users before the expiry of 125 yrs under certain Government terms and conditions 8% of the selling proceeds of the Residential Development (upon the sale) as a compensation for the extension of 72 yrs 340,000 indexed for inflation for 53 yrs

Rental to the Government: 53 Years 53 Years 125 yrs (53 Years Plus another 72 yrs from the Government to the end user) To end users before the expiry of 125 yrs under certain

10 Marina Berths Data Sheet

11 Marina Key Data Marina Berths and Dry Dock Completion Date: In Operation as of September 2013 Number of Berths: 630 Dry Dock places: 150

12 Apartments Data Sheet

13 Apartments Key Data Nereids Apartments Completion Date: Completed Number of Units: 94 Total m 2 : 12,000 Castle Apartments Completion Date: expected December 2016 Number of Units: 66 Total m 2 : 9,400 Dioni & Thetis Apartments Completion Date: expected June 2014 Number of Units: 28 Total m 2 : 3,400

expected December 2016 Number of Units: 66 Total m 2 : 9,400 Dioni &

14 Villas Data Sheet

15 Peninsula and Island Villas Key Data Peninsula Villas Peninsula Villas consist of 41 exclusive villas, 15 of which have direct access to the beach and the other 26 have their own private berths Completion Date: expected Q Number of Units: 39 Total m 2 : 8,600 Island Villas Island Villas consists of 45 exclusive villas with their own private berths Completion Date: expected Q Number of Units: 35 Total m 2 : 9,900

expected Q4-2015 Number of Units: 39 Total m 2 : 8,600 Island Villas Island Villas consists of 45

16 Commercial Areas Data Sheet

17 Commercial Areas Key Data Commercial Areas Completion Date: expected Q Shops area m 2 : 2,600 Restaurants area m 2 : 3,400

18 Cultural Areas Data Sheet

19 Cultural Areas Key Data Trakasol Hanseatic Completion Date: Completed Hanseatic Naval Academy m 2 : 2,700 Trakasol Recreational Completion Date: Completed Recreational area m 2 : 500 Trakasol Cultural Completion Date: Completed Cultural area m 2 : 800

Recreational Completion Date: Completed Recreational area m 2

20 Project Photos

21 Berths Island Villas Trakasol Hanseatic Naval Academy Peninsula Villas

22 Mega Yacht Berth and Port Master Nereids Commercial Areas Thetis and Dioni

24 Limassol Marina Ltd., 2 Syntagmatos Square, Old Port, Amathus Building, 4th floor, 3036 Limassol, Cyprus P.O.Box 50160, 3601 Limassol, Cyprus Freephone: , T: E: info@limassolmarina.com,

Emaar Misr. Delivering integrated lifestyle communities. March 2015

Emaar Misr. Delivering integrated lifestyle communities. March 2015 Emaar Misr Delivering integrated lifestyle communities March 2015 A premium, diversified developer in the heart of Egypt Company snapshot Commenced operations in 2005 as a JV between Emaar Properties and