PUERTO CALERO RESORT DEVELOPMENT
INVE ST ME NT OPP ORT UNIT Y PUERTO CALERO, LANZAROTE, CANARY ISLANDS (SPAIN)
Realty Gold World Limited
Juan Francisco Rodriguez Diaz
[email protected]
PUERTO CALERO
CONTENTS
0101
Investment Highlights
02 02
Ownership & Investment Structure
03 03
Location
0404
An exclusive opportunity
05 05
Asset Description
06 06
Financial Projections & Competitive Landscape
0707
Market
Realty Gold World Limited
2.1 Ownership & Investment Structure
3.1 Lanzarote in Spain 3.2 Puerto Calero 3.3 Activities in Puerto Calero 3.4 Surroundings
4.1 Puerto Calero´s History & Continued Development
5.1 Plot of Land 5.2 Project Proposal
6.1 Financial Projections 6.2 Competitive Landscape 6.3 Comparable Trading Analysis
7.1 Demand 7.2 Lanzarote Hotel´s Trading Performance
Juan Francisco Rodriguez Diaz 2
[email protected]
0 011 INVESTMENT
HIGHLIGHTS
Realty Gold World Limited
Juan Francisco Rodriguez Diaz
[email protected]
01
0 1H I G H L I G H T S INVESTMENT
Plot of a land in Lanzarote, ready to build your hotel project (14,582 sq.m. of land, including 7,773 sq.m. of buildable area)
Seafront location next to the port of Puerto Calero (446 berths and more than 80 restaurants and shops)
300 SUNNY DAYS PER YEAR
Unique opportunity to increase the limited hotel supply on the island (134 rooms). Current supply is only 12,644 rooms, due to the fact that Lanzarote has a UNESCO Biosphere Reserve protected status (40% is protected)
SUMMER TEMPERATURE
25ºC
WINTER TEMPERATURE
18ºC Puerto Calero is considered as of the most exclusive areas on Lanzarote and on the Canary Islands and has been awarded with the thanks to the sustainable management and water quality.
40% OF THE LAND
IS PROTECTED
Lanzarote has the highest occupancy levels of Spain (86.3% in 2015) and more room nights than Marbella, Menorca or Ibiza (over 10 million room nights in 2015) Realty Gold World Limited
Juan Francisco Rodriguez Diaz 4
[email protected]
0 022 OWNERSHIP &
INVESTMENT STRUCTURE
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 5
[email protected]
02 02
OWNERSHIP &
INVESTMENT STRUCTURE
PLOT 71
100%
Temuime S.A PLOT 71 Realty Gold World Limited
Juan Francisco Rodriguez Diaz 6
[email protected]
0 033 L O C AT I O N
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 7
[email protected]
0 033
LOCATION
3.1 LANZAROTE IN SPAIN
LANZAROTE IS CURRENTLY ONE OF THE MOST IMPORTANT SUN & SEA DESTINATIONS IN SPAIN BY NUMBER OF ROOM NIGHTS
Costa Brava 11M Costa Daurada 8.9M
LANZAROTE
Menorca 4M Mallorca 41.9M
10,3MILL
Ibiza & Formentera 8.3M
Lanzarote 10.3M Fuerteventura 12.2M
Tenerife 23.4M
Source: INE - 2015 Realty Gold World Limited
Gran Canaria 16.9M
Costa de la Luz 5.9M
Marbella 2.9M
Juan Francisco Rodriguez Diaz 8
Málaga 16.2M
Costa Blanca 16.2M Costa Cálida 2.3M
the Canary Islands by signing long-term contracts with main operators in the market
[email protected]
0 033
LOCATION
3.1 LANZAROTE IN SPAIN
LANZAROTE HAS A LIMITED HOTEL SUPPLY DUE TO THE PROTECTED SITE STATUS AS A UNESCO BIOSPHERE RESERVE (40% OF THE LAND IS PROTECTED)
Menorca 7,900 rooms Costa Brava 26,900 rooms
Mallorca 96,000 rooms Ibiza & Formentera 26,250 rooms
Costa Blanca 31,220 rooms Costa de la Luz 9,630 rooms
Tenerife 33,520 rooms
Gran Canaria 23,210 rooms
Costa del Sol 31,720 rooms
Lanzarote 12,640 rooms Fuerteventura 17,250 rooms
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 9
[email protected]
0 033
LOCATION
3.2 PUERTO CALERO
PUERTO CALERO IS AN EXCLUSIVE TOURISTIC & RESIDENTIAL AREA LOCATED NEXT TO PUERTO DEL CARMEN AND A 12 MINUTES DRIVE AWAY FROM THE INTERNATIONAL AIRPORT
EASILY ACCESSIBLE BY TOURISTS ACROSS EUROPE (12 KM TO THE INTERNATIONAL AIRPORT) /
Lanzarote’s International Airport:
PUERTO CALERO
• 9th biggest airport in Spain (6.1 million passengers in 2015) • 61 international destinations (16 british airports, 15 german airports, 8 french airports and a total of 16 european countries) • 10 domestic connections /
In addition, Lanzarote is connected by ferries with the rest of the Canary Islands
/
In 2015, the number of arrivals to the island reached its peak (1.3M), recording more than 10M room nights
Countries
Number of Connections
Countries
Number of Connections
Germany
15
Scotland
2
England
13
Wales
1
France
8
Luxembourg
1
Ireland
5
Portugal
1
The Netherlands
4
Czech Republic
1
Italy
3
Poland
1
Denmark
2
Austria
1
Belgium
2
Switzerland
1
24 min 29 min
PLAYA BLANCA
12 min PUERTO DEL CARMEN
4h
COSTA TEGUISE
4h 15min 4h 50min 4h
3h 55min
4h 5min 2h 30min
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 10
[email protected]
0 033
LOCATION
3.3 ACTIVITIES IN PUERTO CALERO
1
3
2
LEISURE ACTIVITIES `Puerto Calero provides a large supply of gastronomy and shopping facilities,
Hotel 5-star plot
Shops
Submarine Safaris
1
Costa Calero (4-star hotel)
Restaurants, bars and terraces
Car Rental
2
Hesperia Lanzarote (5-star hotel)
Amura Restaurant
3
Marina
Parking
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 11
[email protected]
0 033
LOCATION
3.4 SURROUNDINGS
`LANZAROTE´S SURROUNDINGS OFFER DIFFERENT CULTURAL ACTIVITIES IN ADDITION TO A WIDE RANGE OF LEISURE ACTIVITIES´
SOME OF THE BEST BEACHES OF THE CANARY ISLANDS Papagayo, Famara, Playa Blanca,…
RELAXATION FACILITIES Spa, Wellness Centers,…
A N A M AZ I NG NAT U R AL H E R I TAG E (Timanfaya Natural Park, Legado de César,…)
S P O R T AC T I V I T I E S snorkeling tours, water skiing, golf, tennis,…
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 12
[email protected]
0 044 AN EXCLUSIVE
OPPORTUNITY
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 13
[email protected]
04
0 4OPPORTUNITY AN EXCLUSIVE
4.1 PUERTO CALERO´S HISTORY & CONTINUED DEVELOPMENT
`PUERTO CALERO IS CONSIDERED AS ONE OF THE WORLD´S BEST YEAR-ROUND SAILING DESTINATIONS´
1983
1989
Puerto Calero´s history began in 1983, a dream was born
Harbour construction current Amura Restaurant)
1999
Second step of the harbour construction and expansion of the port capacity
2003/2004
Hotel Openings: Hesperia Lanzarote (2003) and Costa Calero (2004)
2007
Works to expand the port draft in order to handle large ships
TODAY
FUTURE
`TODAY, PUERTO CALERO PROVIDES 446 MOORINGS, 7,000 SQ.M. OF COMMERCIAL AREA AND A LUXURY RESIDENTIAL COMMUNITY WITH 50 HECTARES OF LAND´
Waiting for a new Nautic Club, a Sailing School, a new Shopping Center,…
`Calero Marinas manages three marinas in the Canary Islands, two of them in Lanzarote and the other one in La Palma, and is developing one more in Fuerteventura´
for the residential community and a rent house service´ 1986: First works in the harbour construction Realty Gold World Limited
With over thirty years of experience in marina management, Calero Marinas have always supported top level yacht racing and hosted numerous world championships Juan Francisco Rodriguez Diaz 14
[email protected]
0 055 ASSET
DESCRIPTION
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 15
[email protected]
05
0 5DESCRIPTION ASSET
5.1 PLOT OF LAND
`LAST REMAINING FRONT-LINE PLOT IN PUERTO CALERO WITH DIRECT ACCESS TO THE SEA´
BUILDING PLOT
/
The plot is ready to be build and comprises a total of 14,582 sq.m. and 7,773 sq.m. of buildable.
Urban Characteristics Address
Puerto Calero, Lanzarote (Canary Island)
Total land area
14,582 sqm
Total buildable area
7,773 sqm
Floors
2
Number of beds
243
PLOT 71 HOTEL C OSTA C ALERO
Marina
HOTEL HESPERIA The topography of the plot allows you the opportunity to build a low-rise building with all rooms facing the sea (respecting the local limits
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 16
[email protected]
05
0 5DESCRIPTION ASSET
5.2 PROJECT PROPOSAL
PLOT 71
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 17
[email protected]
05
0 5DESCRIPTION ASSET
Realty Gold World Limited
5.2 PROJECT PROPOSAL
Juan Francisco Rodriguez Diaz 18
[email protected]
05
0 5DESCRIPTION ASSET
Realty Gold World Limited
5.2 PROJECT PROPOSAL
Juan Francisco Rodriguez Diaz 19
[email protected]
05
0 5DESCRIPTION ASSET
5.2 PROJECT PROPOSAL
A LUXURY 5-STAR RESORT WITH SPA Proposed Project for a luxury resort - adults only - featuring 134 rooms (81% of the hotel rooms with an average size above 45 sq.m.)
ROOMS DISTRIBITION MODULE*
COTA** ***
BUILDABLE SQ.M. DISTRIBUTION TYPE OF ROOM A
B
8
27
7
2
24
7
33
21
B
24 5
5
27
6
8
23
A
7
20
(*) Two buildings (A, B)
MOD. CENTRAL
12
30
TOTAL Units (134)
COTA**
Computable Land* Rooms
Non-Computable Land
Common Areas
Total
Facilities
35 sq.m./room 45 sq.m./room 60 sq.m./room
30 A
MODULE*
C
30
110,00
110,00
27
110,00
110,00
400,00
23
110,00
110,00
500,00
30
480,00
110,00
590,00
27
1.055,00
110,00
1.165,00
23
1.730,00
110,00
1.840,00
20
1.080,00
110,00
1.190,00
30
475,00
155,00
630,00
27
690,00
155,00
845,00
23
420,00
155,00
575,00
1.800,00
20
450,00
155,00
605,00
900,00
6.380,00
1.390,00
7.770,00
4.600,00
1.000,00
10 25
69
(**) Cota: height above sea level
40
B
(***) Average Size Room
Buildable Land (sq.m.)
(*) Computable Buildable Land: Rooms and common areas: 7.770 sq.m. Spa: 790 sq.m.
Total buildable land Computable + Non Computable =12.370,00 sq.m.
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 20
[email protected]
0 066 FINANCIAL PROJECTIONS &
COMPETITIVE LANDSCAPE
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 21
[email protected]
06 06
FINANCIAL PROJECTIONS &
COMPETITIVE LANDSCAPE
6.1 FINANCIAL PROJECTIONS Temuime S.A VALUATION PROJECTIONS (Year ending December)
In actual year Values Year Romm Count Occupancy rate ADR
2019 (Year 19) 134 74% 170,00 €
2020 (Year 2) 134 77% 185,00 €
2021 (year 3) 134 80% 194,00 €
6.152.878,00 €
ROOMS DEPARTMENT Sales Expenses Departmental Profit
3.968.606,31 € 1.269.954,02 € 2.698.652,29 €
64,50% 32,00% 68,00%
4.598.371,47 € 1.379.511,44 € 3.218.860,03 €
66,00% 30,00% 70,00%
5.101.039,10 € 1.469.099,26 € 3.631.939,84 €
67,20% 28,80% 71,20%
5.465.592,72 € 1.535.831,56 € 3.929.761,17 €
67,80% 28,10% 71,90%
5.686.589,62 € 1.580.871,92 € 4.105.717,71 €
68,00% 27,80% 72,20%
FOOD & BEVERAGE DEPARTMENT Food & Beverage Sales Food & Beverage Cost Departmental Profit
1.587.442,52 € 1.190.581,89 € 396.860,63 €
25,80% 75,00% 25,00%
1.700.004,00 € 1.251.202,94 € 448.801,06 €
24,40% 73,60% 26,40%
1.783.845,52 € 1.295.071,85 € 488.773,67 €
23,50% 72,60% 27,40%
1.854.109,63 € 1.334.958,93 € 519.150,70 €
23,00% 72,00% 28,00%
1.906.680,05 € 1.372.809,64 € 533.870,41 €
22,80% 72,00% 28,00%
246.115,12 € 123.057,56 € 123.057,56 €
4,00% 50,00% 50,00%
264.754,72 € 128.141,28 € 136.613,44 €
3,80% 48,40% 51,60%
280.860,78 € 132.847,15 € 148.013,63 €
3,70% 47,30% 52,70%
298.269,81 € 139.292,00 € 158.977,81 €
3,70% 46,70% 53,30%
301.054,74 € 139.990,46 € 161.064,29 €
3,60% 46,50% 53,50%
356.866,92 € 303.336,89 € 53.530,04 €
5,80% 85,00% 15,00%
404.099,31 € 326.108,14 € 77.991,17 €
5,80% 80,70% 19,30%
425.086,59 € 338.794,01 € 86.292,58 €
5,60% 79,70% 20,30%
443.374,04 € 351.595,61 € 91.778,43 €
5,50% 79,30% 20,70%
451.582,12 € 357.653,04 € 93.929,08 €
5,40% 79,20% 20,80%
GROSS OP. INCOME
3.272.100,52 €
53,2%
3.882.265,69 €
55,7%
4.355.019,73 €
57,4%
4.699.668,10 €
58,3%
4.894.581,49 €
58,5%
LESS EXPENDITURE Administrative & General Sales & Marketing Heat, Light & Power Repairs & Maintenance TOTAL UNDISTRIBUTED EXPENSES
553.759,02 € 399.937,07 € 289.185,27 € 215.350,73 € 1.458.232,09 €
9,00% 6,50% 4,70% 3,50% 23,70%
592.214,51 € 383.197,62 € 306.558,10 € 229.918,57 € 1.504.921,57 €
8,50% 5,50% 4,40% 3,30% 21,60%
614.857,39 € 402.314,10 € 318.814,94 € 242.906,62 € 1.578.893,06 €
8,10% 5,30% 4,20% 3,20% 20,80%
636.846,35 € 419.190,00 € 322.453,85 € 241.840,39 € 1.636.453,28 €
7,90% 5,20% 4,00% 3,00% 20,30%
660.647,91 € 418.131,59 € 334.505,27 € 250.878,95 € 1.672.526,36 €
7,90% 5,00% 4,00% 3,00% 20,00%
GROSS OPERATING PROFIT
1.813.868,43 €
29,5%
2.377.344,12 €
34,1%
2.776.126,67 €
36,6%
3.063.214,82 €
38,0%
3.222.055,13 €
38,5%
61.528,78 € 30.764,39 € 184.586,34 € 145.109,47 € 215.350,73 € 637.339,71 €
1,00% 0,50% 3,00% 8,00% 3,50% 9,80%
69.672,30 € 34.836,15 € 209.016,89 € 190.187,53 € 278.689,18 € 782.402,04 €
1,00% 0,50% 3,00% 8,00% 4,00% 10,60%
68.317,49 € 37.954,16 € 227.724,96 € 222.090,13 € 341.587,44 € 897.674,18 €
0,90% 0,50% 3,00% 8,00% 4,50% 11,20%
64.490,77 € 40.306,73 € 241.840,39 € 245.057,19 € 362.760,58 € 954.455,65 €
0,80% 0,50% 3,00% 8,00% 4,50% 11,30%
66.901,05 € 41.813,16 € 250.878,95 € 257.764,41 € 418.131,59 € 1.035.489,17 €
0,80% 0,50% 3,00% 8,00% 5,00% 11,80%
1.176.528,72 €
19,1%
1.594.942,08 € 22,9% € Juan Francisco Rodriguez1.878.452,49 Diaz
24,7%
2.108.759,17 €
26,2%
LESS FIXED CHARGES Property Tax Insurance Management - Base Fee (% Total Sales) Incentive Fee (% Adj. GOP) FF & E Reserve TOTAL FIXED CHARGES PROFIT NETWorld OPERATING Realty Gold Limited
7.590.832,00 €
2023(Year 5) 134 83% 206,00 €
TOTAL SALES
MINOR OPERATED DEPARTMENT Sales Expenses Departmental Profit SPA Sales Expenses Departmental Profit
6.967.229,50 €
2022(Year 4) 134 82% 201,00 €
22
8.061.346,20 €
8.362.631,80 €
2.186.565,96 € 26,1%
[email protected]
06 06
FINANCIAL PROJECTIONS &
COMPETITIVE LANDSCAPE
6.2 COMPETITIVE LANDSCAPE
5-STAR HOTEL IN LANZAROTE 400 The Volcán 265 rooms
350
Adults Only – Canary Isl. 88 rooms
Princesa Yaiza 385 rooms
300 Villa Vik 14 rooms
Hesperia Lanzarote 335 rooms 250
200
Arrecife Gran Hotel 160 rooms Dream Gran Castillo 353 rooms
150 100
Puerto Calero Resort 134 rooms
Meliá Salinas 270 rooms
8,05
8,25
8,45
8,65
8,85
/
/
ADR: is an average price based on fake booking sample,
/
excluding taxes (7%), including breakfasts and free cancellation/ up to 48 hours in advance Adult Only Hotels in the Canary Islands: ADR from STR Global (excluding taxes and breakfast) ADR projected Puerto Calero Resort, excluding taxes and breakfast
/
Realty Gold World Limited
9,25
Booking Valuation: Average Guest Review Score, taken from Booking.com (highest score 10) Bubble size: Based on the room count
Juan Francisco Rodriguez Diaz 23
9,05
[email protected]
06
0 6DESCRIPTION ASSET
Adult only on the Canary Islands
ADR & RevPAR
300 250
235.7
250.6
80% 78%
150
76%
100 50 2013 Occupancy (%)
Source: STR Global
Meliá Salinas (270 rooms)
82%
200
0
5-STAR HOTELS IN LANZAROTE
84% 275.2
2014
2015
ADR (EUR)
RevPAR (EUR)
Occupancy (%)
350
6.3 COMPARABLE TRADING ANALYSIS
Princesa Yaiza (385 rooms)
Dream Gran Castillo Resort (353 rooms)
The Volcán Lanzarote (255 rooms)
Date
Standard Suite (50 Standard Suite (77 Standard (25sq.m.) sq.m.) (45 sq.m.) sq.m.) (56 sq.m.)
Suite (80 sq.m.)
Standard Suite (44 (38 sq.m.) sq.m.)
19/5/16
121
265
n.a.
205
177
251
237
456
74%
25/8/16
140
282
n.a.
246
259
343
263
484
72%
10/11/16
130
269
227
264
174
258
263
484
16/2/17
130
269
227
264
159
243
263
484
%Growth in RevPAR
The composed sample includes four luxury resorts – adult only – located on the Canary Islands and are similar to the proposed concept to be developed on the Puerto Calero Plot Seaside Grand Hotel Residencia 5* / 94 rooms
Iberostar Gran Collection El Mirador 5* / 24 rooms
Realty Gold World Limited
Iberostar - Gran Collection Salome 5* / 24 rooms
Hesperia Lanzarote (335 rooms) Arrecife Gran Hotel & Spa (160 rooms)
Red Level Gran Meliá Tenerife 5* / 120 rooms
Villa Vik (14 rooms)
Date
Standard (30sq.m.)
Suite (60 sq.m.)
Standard (20sq.m.)
Suite (30 sq.m.)
Standard (35sq.m.)
Suite (48 sq.m.)
19/5/16
116
206
n.a.
145
160
259
25/8/16
121
210
175
208
186
286
10/11/16
259
432
132
158
230
331
16/2/17
n.a.
n.a.
132
158
230
331
(*) Prices excluding taxes / including breakfast / including free cancellation up to 48 hours in advance
Juan Francisco Rodriguez Diaz 24
[email protected]
0 077 MARKET
Realty Gold World Limited
Juan Francisco Rodriguez Diaz 25
[email protected]
0 077
MARKET
7.1 DEMAND
OVER THE LAST FIVE YEARS LANZAROTE HAS EXPERIENCED CONSECUTIVE ANNUAL GROWTH IN NUMBER OF INTERNATIONAL ARRIVALS (+100%)
NUMBER OF TOURIST ARRIVALS - LANZAROTE +5.8%
-9.4%
+9.4% +18.7%
-5.2%
+3.9% +13.2% +13.2% Thousand Miles
1.400
ROOM NIGHTS - LANZAROTE
Thousands
1.200 1.000 800 600 400 200 0
0.56
0.59
0.53
0.62
0.78
0.8
0.89
1.0
1.1
0.35
0.38
0.34
0.33
0.37
0.3
0.25
0.26
0.24
2007
2008
2009
2010
2011
2012
2013
2014
2015
Domes8c
Source: INE Source: INE Domestic
/ /
/
Interna8onal
Internacional
+3%
-0.3%
+15.2% +23.6%
-1.7%
+8.2% +11.8% +1.8%
4.1
4.2
4.2
5.0
6.5
6.8
7.6
8.6
9.0
1.6
1.8
1.7
1.9
2.0
1.6
1.4
1.5
1.3
2007
2008
2009
2010
2011
2012
2013
2014
2015
10.000 8.000 6.000 4.000 2.000 0
% Room Nights Grpwth
Source: INE
% Room Nights Growth
Domestic Nacional
The total number of arrivals increased from 0.88M in 2009 to 1.3M in 2015, mainly driven by the increase of international visitors in number of international arrivals (2010–2015: +100%), however, due to the Spanish economic crisis until 2013, domestic arrivals marginally declined In 2015, the number of arrivals reached a maximum peak, in spite of the domestic arrivals that decreased a -9.8% Realty Gold World Limited
12.000
% Growth in Room Nights
/
In 2015, Lanzarote recorded over 10.3M room nights, +1.8% higher than 2014 (previous record with 10.1M room nights)
/
2016 is expected to be a new record in number of room nights, mainly driven by international tourism, which has increased reaching a historic record (2015 international room nights: 8.9M)
/
In 2015 international visitors accounted for almost 87% of the total-num ber of room nights in Lanzarote
Juan Francisco Rodriguez Diaz 26
Internacional Extranjero
[email protected]
MARKET
7.2 LUXURY HOTEL´S TRADING PERFORMANCE
40
50%
30
40%
20 10 0
2009
2010
2011
Occupancy (%) Occupancy (%)
ADR (€)
2012
2013
ADR (€ ) RevPAR (€)
2014
2015
60% 50% 40%
30%
30%
20%
20%
10%
10%
0%
0%
RevPAR €( ) % RevPAR Growth
2013
Source: STR Global
2014
2015
Source: Exceltur
/
Since 2011 RevPAR started to recover: +13.7% in 2011, +0.1% in 2012, +13.4% en 2013, +15.5% in 2014 and +4.3% in 2015
/
2015 has been a successful year reaching the highest occupancy of all destinations Spain (86.3%)
Realty Gold World Limited
70%
December
60%
80%
November
50
Occupancy
70%
October
60
90%
September
80%
100%
August
90%
70 ADR & RevPAR
100%
July
+4.3%
June
+15.5%
May
+13.4%
April
+0.1%
March
+13.7%
Monthly Occupancy (%)
-9.9%
80
LOW SEASONALITY - LANZAROTE
February
PROFITABILITY - LANZAROTE
January
0 077
/
Tourists arrive to Lanzarote all year round due to the subtropical climate. However, other sun & sea destinations in Europe have to put up with a strong seasonality
/
In 2015, the lowest occupancy was accounted in May (81%) and the highest occupancy was reached in September (95.2%)
Juan Francisco Rodriguez Diaz 27
[email protected]
08 08
CONTACT &
CONFIDENTIALITY
More detailed information on the opportunity will be provided by Temuime S.A upon execution of the NDA. Questions regarding the project should be directed solely to Temuime S.A
DANIEL CALERO PRATS General Management Temuime S.A Lanzarote
[email protected] +34 928510850
CONFIDENTIALITY Temuime S.A, for themselves and for the vendors in this proposed transaction, whose agents they are, give notice that
other details may be summary and may have been provided by third parties but are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but shou satisfy themselves by searches, enquiries, surveys and inspections or otherwise as to the correctness of each of them; (iii) no person in the employment of Temuime S.A has authority to make or give any representation or warranty whatever in relation to this property and the vendors and JLL accept no responsibility or liability for the accuracy or complete information in this report; (iv) no part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Temuime S.A. Realty Gold World Limited
Juan Francisco Rodriguez Diaz 28
[email protected]
