Cairapolis Thermal Spa Resort
Equity Plus International was created to research, explore, and manage the relationships between innovative property projects and progressive investors. We specialise in low-risk, high yielding property projects in niche markets offering outstanding capital appreciation as well as competitive rental yields, coupling both capital growth and a fixed income with exclusive projects available to private investors.
We look for alternative and innovative property projects that are
About Us
on the leading edge of both properties in emerging markets as well as established locations within a niche industry. Our team of motivated individuals holds years of combined experience in the fields of property development and investment knowledge. This allows us to intelligently determine projects with the most potential for high returns in order to achieve both capital appreciation and high yielding income with minimal risk, which should be the priority of every cautious investor’s portfolio.
WHY INVEST IN AN EPI PROPERTY? • Scheduled capital appreciation • 40-50% below market value property in an emerging property market • On-going fixed income from rental yields with a fixed 10% rental guarantee for the first 3 years and 50% net room rate share thereafter • 100% Freehold Ownership of Properties • Investors are able to occupy their properties 15 days each year totally free of charge (excluding SIPP investors) • A property portfolio achieving double-digit growth in Europe’s 4th most popular tourism destination and one of the world’s fastest growing economies • All properties suitable for SIPP investment
THE ECONOMIC POWER HOUSE OF EASTERN EUROPE Currently, the world’s fastest growing economy, with no
Turkey is continuously striving to strengthen its economic
correlation to the current economic turmoil, the Turkish
framework, its membership of The Organisation for
economy offers a great opportunity for capital appreciation
Economic Co-operation and Development (OECD) enabling
and fixed income on the doorstep of Europe.
constant monitoring of economic performance. The Central Intelligence Agency (CIA) classifies that Turkey has the
Turkey had the world’s fastest economy in 2011 as their
world’s 15th largest GDP-PPP, now larger than Switzer-
GDP reached an astonishing 11%, the only country to have
land. Whilst the rest of Europe suffers from sluggish growth
ever reached a double digit growth rate, defeating emerging
and high economic volatility, the Turkish economy bears no
countries such as Argentina with 9.9% and China with
relation to the European Debt Crisis, proving to be a profit-
9.4%. Between 2002 -2011, the country’s economy grew
able safehaven for the shrewder investor.
with an average annual real GDP growth rate of 5.2% over the past nine years. Turkey’s economy has exceeded all expectations and is now recognised as the “Economic Powerhouse of Eastern Europe”. The U.S. Secretary of State, Hilary Clinton, admires Turkey’s economy stating that “the 11% growth rate is a phenomena” and further states
Average Annual Real GDP Growth (%) 2002-2011 Turkey
5.2
Slovakia
4.8
Russia
4.7
Chile
4.6
Poland
4.5
Brazil
3.9
South Korea
‘‘What I hope is that Turkey will become an engine for economic growth in the region”. Whilst exceeding all expectations, the Turkish economy is now expected to become the fastest growing economy amongst the OECD members
3.8
Bulgaria
3.7
Romania
3.6
South Africa
3.5
Czech Republic
3.4
Mexico
2.3
Hungary
1.5 1
2
3
4
5
6
Source: IMF World Economic Outlook April 2012, Turkish Statistical Institute (TurkStat)
during 2011-2017, with an annual average real GDP growth rate of 6.7%.
Key Facts • Fastest growing economy in the world in 2011 as GDP reached an astonishing 11% • Turkey has the world’s 15th largest GDP-PPP now larger than Switzerland • Economy grew with an average annual real GDP growth rate of 5.2% between 2002 – 2011
• Tripled its GDP, reaching USD 772 billion in 2011, up from USD 231 billion in 2002 • Expected to become the fastest growing economy amongst the OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7%
DOUBLE-DIGIT GROWTH FOR A HOT PROPERTY MARKET Turkish property prices are amongst the lowest in Europe,
properties in Turkey whilst increasing the size of land to 30
currently 30-40% below Bulgaria and Romania. Whilst experienc-
hectares. The law is expected to bring forward a further property
ing a growth rate of 11.62% growth in 2011, the attraction of
boom for Turkey and seems to already have a positive effect. The
Foreign Direct Investment into the Turkish Property sector
Central Bank has revealed that Turkey saw a 25% increase in
records an increase of 40% since 2010. As the awareness
foreign direct sales in the first half of 2012.
amongst Investors increase to identify Turkish Property as the opportunity to exploit an emerging property market on the
There is still a huge housing restriction in Turkey as supply does
doorstep of Europe, the attraction to Turkey as an alternative
not meet the increasing demand, which indicates that the restric-
investment compared to the traditional saturated overseas destina-
tion is set to continue as Turkey’s population is expected to
tions such as Spain and France, as it has no correlation to the
increase to an exceptional 9.4 million by 2050, indicating
economic turmoil.
enormous potential growth in the property market. Between 2011-2017, property prices are expected to rise in value by up to
Experts predict that sales will soar in 2012 as agreements of new
25-30% allowing private investors to exploit the opportunity of
laws are adopted; early in 2012 the Turkish parliament eliminated
substantial capital growth in an emerging property market that
the reciprocity law which enables more nations to purchase
has already recorded double-digit growth.
Key Facts • An Emerging Property Market that has Recorded Growth of 11.62% in 2011 alone • After 4 years of ownership, local tax on capital gain no longer takes place • Property prices are amongst the lowest around the world up to 30-40% below Bulgaria and Romania
• Foreign investment into the sector increased by 40% since 2010 • Ranked as the 13th most attractive FDI destination in 2012
4 MOST POPULAR TOURISM DESTINATION IN EUROPE th
Turkey’s strikingly natural beaches, hot climate and warm
foreign visitors in January 2010. This trend is set to continue
Mediterranean culture have all contributed towards making
despite the global turmoil as an increasing number of
Turkey a breathtaking holiday destination. Its range of stimulating
holidaymakers prefer Turkey as a cost effective alternative to
sites and unique physical beauty is certain to overwhelm visitors
neighbouring destinations whilst Turkey is expected to witness 33
on their first impression. Turkey was awarded the Condé Nast
million visitors by the end of 2012.
International Traveller Award for ‘Favourite Holiday Destination’ in 2010, and 2nd place in the ‘World Top 100’ whilst their
The cost of living in Turkey continues to remain an unbelievable
tourism market is set to further emerge.
50-60% below that of the UK and adds huge value to the tourism market as holidaymakers have recognised that the country is
Turkey remains the only country in the top 10 popular tourist list
cost-effective in comparison to Eurozone destinations such as
that rose in rank in 2011, displacing Britain and becoming the
Spain and France. Turkey’s astounding tourism success stories
6th most popular tourist destination in the world and 4th most
have been acknowledged by many major travel companies, gaining
popular destination in Europe in 2012, according to the World
positive exposure in the press. Co-operative Travel launched their
Tourism Organisation. Turkey saw 31.5 million visitors in 2011,
new advertising programme where they predict strong business
an increase of almost 10% compared to 2010 which saw 28.6
for Turkey in 2012-13. With a huge demand from visitors wanting
million. Turkey’s tourism market continues to go from strength to
to witness the beauty of Turkey. More UK airports now have cost-
strength as statistics see a strong increase year on year; the
effective flights to further boost Turkey’s emerging tourism
number of foreign visitors to Turkey grew 20.5% in January 2011
market.
from a year earlier, which witnessed an increase of 976,000
Key Facts • Awarded the Condé Nast International Traveller Award for ‘Favourite Holiday Destination’ in 2010 and 2nd place in ‘World Top 100’ • 6th most popular tourist destination in the world displacing Britain in 2011 • 4th most popular destination in Europe 2012
• 31.5 Million International arrivals in 2011, a 10% increase from 2010 • Foreign visitors to Turkey grew 20.5% in January 2011 from a year earlier, which witnessed 976,000 foreign visitors in January 2010 • Low cost of living, 50-60% below than in the UK
Pamukkale MAGICAL GIFT OF THERMAL WATERS Considered to be one of the most breathtaking destinations
heart problems, arthritis, high blood pressure, rheumatism, skin
globally, Pamukkale is situated 20 km from the town of Denizli in
problems, muscle aches and eye diseases. The reputation of
the Aegean region of Turkey. Its vibrant scenery has a strong
Pamukkale has grown ever since as people travel from all over the
sense of paradise as the springs hit the sculptured hills, which at
world to witness the uniqueness of these thermal waters. Accord-
first sight, appear as white castles. Pamukkale is appreciated as
ing to the Turkish culture and tourism department some 1 million
one of Turkey’s most iconic and historical locations for its ability
visitors each year visit Turkey purely for health reasons.
to amaze the public with its natural beauty. Turkey is taking advantage of its geographical location and its The warm springs of Pamukkale have been admired since the
magical gift of thermal richness, which now contributes signifi-
second century when the Romans discovered that the thermal
cantly to its SPA industry, to embrace the importance of
waters offered much more than the average water supply. For
well-being from natural resources whilst creating a unique
thousands of years a deep underground spring has been pouring
therapeutic experience, in comparison to SPAs that are limited to
out streams of hot, mineral-saturated water. Whilst flowing down
the traditional water supply. The global SPA economy is now
the mountainside, the steaming water has hollowed enormous
estimated to be worth an impressive $255 billion per annum
circular basins in the earth and the water’s rich mineral content
worldwide, according to the 2008 Global Spa Summit in New
has coated them in a smooth layer of dazzlingly-white calcareous
York. Peter Ellis, Chairman at the Global Spa Summit states
rock. The mineral rich hot spring waters are high in calcium,
“Europe is the largest regional spa market in the world”. Turkey
magnesium sulphate and bicarbonate, whilst the temperature of
has the right resources to not only become the most admired
these hot springs varies between 36°-38° C. This unique water
thermal destination in Europe, but around the world.
supply was used to perform miracles, curing illnesses such as
CAIRAPOLIS THERMAL SPA RESORT
Set amongst the unspoilt scenery and natural gardens of Europe’s
encourage guests to de-stress the mind, body and soul. The warm
richest thermal water destination, the Cairapolis Thermal SPA
thermal pools invigorate visitors as they feel the therapeutic
Resort shares panoramic mountain views of the natural hot
thermal waters splash against their skin, stimulating positive inner
springs of Pamukkale. Comprising of 190 luxury apartments,
peace whilst absorbing the beauty and harmonious settings of
Cairapolis has been designed to enhance the natural richness of
Cairapolis Thermal SPA resort. The outside paradise volcanic
the thermal waters with a well justified luxurious spa experience.
setting of Cairapolis Thermal SPA resort continues to assist
Located on top of a major geothermal belt, Cairapolis sits on
visitors through their journey of wellbeing and tranquility by
Turkey’s most attractive, unspoilt landscape in the heart of
feeling the breeze of Cairapolis’ hot waterfalls.
Pamukkale just 45 minutes away from Denizli airport with accessible public transport. This thermal spa resort offers guests a
The magical thermal waters within the SPA facilities promises to
healthy therapeutic experience by incorporating the unique
add value to visitor’s destiny; not only will they leave Cairapolis
thermal waters of Pamukkale.
with the most unforgettable SPA experience, their memorable treatments will also encourage them to continue their everyday life
Pamukkale’s thermal waters are generally used to treat medical
with a peaceful mind, thanks to the unique affects of Pamukkale’s
conditions, however Cairapolis SPA incorporates the ancient
precious thermal water, which has made history since the second
waters with highly skilled modern day treatments designed to
century.
Key Facts • A Total of 190 1 & 2 Bedroom Luxurious Apartments on over 12 acres of landscaped site with both internal and external leisure facilities
• A 5 star Thermal SPA Resort Designed to incorporate the ancient waters with highly skilled modern day treatments to encourage guests to de-stress the mind, body and soul
• Situated in the natural gardens of Europe’s richest Thermal water destination
• 2km away from Pamukkale’s naturally hot Thermal water springs whilst only 30 minutes away from the Denizli City Airport and City Centre
Exit Strategy & ROI Option 1:
At EPI we believe that every investor has individual needs and requirements from an investment. Whether you are targeting short to medium term capital appreciation or a long-term fixed income portfolio, we will structure our property portfolios to suit your needs specifically. Here are various different investment plan options allowing for different strategies, target ROI and investment durations: Whilst all options are scheduled for specific durations, your contract with EPI has no lock in period and properties can be sold at any time.
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2 year Investment Plan 40% Below Market Value at launch date An additional 20% – 30% Forecasted Market Growth Overall Target Capital growth of 60% - 70% Re-sell on completion
Option 2: -
3 year Investment Plan 40% Below Market Value at launch date An additional 30% – 45% forecasted Market Growth 1 Year 10% Fixed Rental Income Overall Target Capital growth of 70% - 85% Re-sell on completion
Option 3: -
5 year Investment Plan 40% Below Market Value at launch date An additional 50% – 75% forecasted Market Growth 3 Year 10% Fixed Rental Income Overall Target Capital growth of 90% - 100% Re-sell on completion CGT Exemption on Re-Sale
Guidelines for Investing in an Equity Plus Property These guidelines aim to answer some of the questions which our purchasers and potential purchasers frequently ask us. Please do not hesitate to contact us for any further elaborations. 1. Who is Equity Plus International? Equity Plus International is the UK based primary selling agent for the selling/owner Company in Turkey. Equity Plus International is not a party to agreements with purchasers. 2. Who owns the land that the resorts are being built on and which company am I contracting with? For legal reasons, the land is owned by the local company (Turkish incorporation) of Equity Plus Properties. 3. What happens to my money when I purchase? All monies are paid into and managed by UK Solicitor Escrow accounts to protect the purchaser. Payments are only received by Equity Plus Properties at each stage of construction. The purchaser is kept updated of all development and progress in construction by their designated UK based Portfolio manager. 4. Will my property go up in value? Equity Plus Properties build resorts in regions that have proven to provide purchasers with a good return on capital investment. Historically, property values in Turkey have yielded 11.62% growth in 2011 and forecasted to grow by 10% to 15% minimum until 2019 due to outstanding economic growth. Properties are sold up to 40% below their estimated market value. Equity Plus increases the price of the properties periodically so purchasers who reserved their property early will have already seen an increase in the value of their property. 5. Can I sell my Property before completion? There is no lock in period. The sale contract allows you to resell your property before completion at any stage of development. One method of re-sale is by using the re-sale division of Equity Plus. We also offer a resale service once the Resort is finished. 6. Do I have to deal with Turkish solicitors or overseas authorities? No. The entire conveyancing procedure is managed by UK based international solicitors incorporated in Turkey. All necessary documentation and the registry of your deeds will be managed from the UK making the entire process hassle free for purchasers.
Frequently Asked Questions
FAQ’s
Level 24 25 Canada Square London
+44 (0)20 7513 1400
[email protected] www.equityplusinternational.com
E14 5LQ United Kingdom
UK Company Registration No. 08277768
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