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 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 • A property portfolio achieving double-digit growth in Europe’s 4th most popular tourism destination and one of the world’s fastest growing economies

DOUBLE-DIGIT GROWTH FOR A HOT PROPERTY MARKET Turkish property prices are amongst the lowest in

billion per annum over the next few years.

Europe, currently 30-40% below Bulgaria and Romania. Whilst experiencing a growth rate of

These changes allow buyers from new countries,

11.62% growth in 2011, the attraction of Foreign

including those in the Middle East and Russia, to

Direct Investment into the Turkish Property sector

buy in Turkey. This means that the Turkish proper-

records an increase of 40% since 2010. As the

ty market has largely weathered the storm seen

awareness amongst Investors increase to identify

throughout the Eurozone. New home prices grew

Turkish Property as the opportunity to exploit an

by just over 12% in 2012 and the Turkish govern-

emerging property market on the doorstep of

ment has also managed to get the economy largely

Europe, the attraction to Turkey as an alternative

under control; public sector debt is now 40% of

investment compared to the traditional saturated

GDP compared to 100% previously, significantly

overseas destinations such as Spain and France, as

lower than both Germany and France.

it has no correlation to the economic turmoil.

Industry experts believe that the demand for property in Turkey will continue to boom in 2013, with GYODER (the country’s association of real estate investment companies) estimating that overseas investment in the Turkish property market will rise from the current $2.5 billion a year to around $10

Graph Data Source: Knight Frank – Global House Price Index 2012, 1Based on asking prices 2Provisional data 3Based on Beijing & Shanghai

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 richest thermal water destination, the Cairapolis Thermal SPA Resort shares panoramic mountain views of the natural hot springs of Pamukkale. Comprising of 190 luxury apartments, Cairapolis has been designed to enhance the natural richness of the thermal waters with a well justified luxurious spa experience. Located on top of a major geothermal belt, Cairapolis sits on Turkey’s most attractive, unspoilt landscape in the heart of Pamukkale just 45 minutes away from Denizli airport with accessible public transport. This thermal spa resort offers guests a healthy therapeutic experience by incorporating the unique thermal waters of Pamukkale. Our resort will be built over 4 residential blocks with 2 additional blocks for the reception area and the and a 2 floor Al a Carte restaurants, the dining area will also consist of a large buffet style layout, with a large choice of local cuisine as well as themed nights throughout the week. A full evening’s entertainment will also be provided, from traditional Turkish dancers to more exotic performers.

Our 8000 square meter spa treatment area will also have 2 indoor pools and 2 outdoor pools filled with the natural geo-thermal waters of Pamukkale. Our Spa offers over 60 different SPA and preventive treatments available to our clients, providing a 5* level of service throughout the resort. The Cairapolis will also have the largest wellness and fitness centre in Pamukkale, with highly qualified personal trainers on hand to set out training programs for our guests to achieve an even higher level of well being. An Overview: 190 Apartments set over 12 acres of Landscaped Gardens. Turkeys largest Spa treatment area with over 8000sqm of Spa Facilities 2 floor Al a carte Restaurant enjoying paneromic views of Pammukale 2 indoor and 2 outdoor geo thermal pools with Ship Wreck Pool Bar 60 different Spa and Preventive on-site treatments Fitness Centre with Organic Vitamin Bar

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

Specific Property Features The Cairapolis is designed for all apartments to share panoramic views of both the Pamukkale Ther-

All Properties will benefit from the following specification:

mal Waters as well as the outstanding external pool area. Our gardensare landscaped to incorporate the relaxation of the flowing thermal waters along with exceptional views of our luxuriously landscaped

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All Apartments Fully Air Conditioned.

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Multi-Functional Showers and Jacuzzi Baths in all bathrooms.

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All Inclusive interactive entertainment system with 32” flat screen TV with surround sound system with I-pod docking station, internet access, personal in-room safe and telephone.

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A Mini Bar Fridge Cooler with an Espresso Machine for both Cold and Hot Refreshments

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Luxury Queen sized Double and single beds complimented by luxury Egyptian linen.

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Internal Lounge Furniture plus balcony seating facilities.

designs.

Setting the highest standards of luxury accommodation in the region, all apartments will be constructed toEuropean 5 star specifications, using the best quality local materials – tiles, stone and marble and furniture from sustainable sources – to provide contemporary and spacious 5 star living accommodation.

I Bed Executive Suites:( 38Sq. m)

2 Bed Executive Suites:( 50Sq. M)

Our 1 Bed Executive Apartment suites accommodate for up to 2 guests at a time with our chosen contemporary design to accommodate either couples or individual guests.

Our 2 Bed Executive Apartmentsuites are the equivalent to 2 interconnecting apartments designed to accommodate for up to 4 guests at any one time in the form of families or dual couples maximising rental returns for the savvy investor.

Cairapolis SPA Philosophy

We offer our guests a tranquil SPA experience, where all of our guests are treated as individuals

Please see below for some brief details on our Spa and Wellness centre.

and will receive the very best care and attention. Our SPA is designed to appeal to both Men and

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with over 8000 square meteres of treatment area.

Women offering a calm environment away from the stresses of everyday life while also utilizing the natural GEO Thermal Waters in Pamukkale.

We will source the highest quality products and offer treatments which will help soothe, relax and revitalize our clients as well as offering individual physical and psychological therapy.

The Largest Spa Wellness area in Turkey

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Specialist therapists sourced from across the globe

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Over 60 different onsite SPA treatments

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Thermal and Thalasso Therapy Pools

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Traditional Hamam, solarium and Turkish baths

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Hidro and Balneo Therapies

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Detox and Body Cleansing treatments

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Geo-Thermal waters will be used in all pools and jaccuzis utilizing the natural healing mineral saturated waters

We will have over 60 different SPA and preventive treatments available to our clients, we will be constantly reviewing the market for the latest treatments as they come onto the market and will be the leading centre in Turkey and in this part of the world for a luxury 5* level of service and variety of SPA treatment.

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All private tratment rooms have access to private Geo-Thermal baths.

“A Proven & Tested Model” Tripolis Hotel

Equity plus International has a successful track record in delivering outstanding quality before specified deadlines, this is achieved by our careful management and planning.

What are our current visitors saying? A selection of Tripadvisor reviews “One of the best hotels around Pamukkale region...” Reviewed 20 December 2012

A perfect example of this is the Tripolis resort which we completed in 2009, we had forecasted a two year build period for the resort in Pamukkale and we delivered a fully completed resort in 18 months! To further highlight the continued success of EPI, our management team for the Tripolis(EPI hotels and resorts) had forecasted occupancy levels of 70% within the first 2 years of opening; we are currently achieving on average an occupancy level of 78%, giving our existing investors a return of 17% under the 50/50 net room share scheme that we are now using.

I highly recommend this hotel for trips to Pamukkale visiting’s... We had great time in this hotel and appreciated hospitality of the hotel staff and managing...It was an unforgettable experience for us in Pamukkale village.. “Great hotel” Reviewed 10 July 2012

I spent 1 night in this hotel after visiting Pamukkale. The hotel is located near the cotton castle. I can actually see it from my room's balcony. I stayed in a triple room. The room is very large as it has 2 separated rooms inside. There was a TV and balcony in each room. “Loved our stay” Reviewed 26 May 2012

This is not only due to the high quality of the Tripolis, but also the proactive approach that the management team has adopted in order to continue offering outstanding service to our guests and the marketing team in promoting the Tripolis to the various tour operators.

“One of the best hotels arround Pamukkale region...”

“We only stayed for one night, but really enjoyed it... Loved our stay”

We only stayed for one night, but really enjoyed it. I was travelling with my 70 year old mother and my sister we had a very large room well it was like two rooms one queen and the other twin beds one bathroom. Great views over the cliffs lovely pool area, we had a fantastic Turkish bath and massage.

“I highly recommend this hotel for trips for Pamukkale visitings...”

“Modern hotel in Pamukkale... Ask for rooms that have a view of the Pamakkale travertines”

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

ROI EXAMPLES

Full Capital Protection with RBS Escrow Facility ESCROW ACCOUNT – PROTECTION FOR YOUR PAYMENTS When a buyer and seller of land or property agree to enter into a contract they can decide to use an ‘Escrow account’ in order to give protection for both parties. This ‘Escrow account’ enables the buyer and seller to agree that the buyer will deposit funds with a suitably authorized third party (Dale R Walker Solicitors). When choosing to protect a transaction via an escrow payment system the buyer and the seller agree that the money is released under certain conditions. In our case money is released to EPI Turkey by the escrow agent to pay for construction and all items associated with the project. This means that EPI use their funds to construct the various elements of the project and when the EPI management team provide the necessary documents, as proof of works, to the escrow agent then, and only then can they release funds to the developer.

About the Royal Bank of Scotland and Escrow Payment protection Dale R Walker Solicitors are a firm of English Solicitors and members of the London Law Society that provides a comprehensive legal service and has been appointed by Equity Plus International (EPI) to act as our Escrow agent in the UK. All transactions made by Dale R Walker Solicitors are fully governed by the UK Law Society It is because of Dale R Walker Solicitors outstanding reputation and considerable experience that EPI sought to appoint them to govern and manage the Escrow Payment Protection process. EPI has had to undertake a rigorous due diligence process in order to put such a system in place. Clients should feel secure that this ‘Grade A’ firm has investigated our legal paperwork and will manage their payments as per all legal documentation. Dale R Walker Solicitor Suite 1, 145 High Street, Sevenoaks, Kent, TN13 1XJ VAT Registration Number: 527412656 THIS FIRM IS AUTHORISED AND REGULATED BY THE SOLICITORS REGULATION AUTHORITY - No. 700555

The Completion Process • Initial Reservation: A portfolio manager will assign a specific property/s best suited to the client’s preferences. A property will be selected and specified in accordance to the resort, block number, level, views and unit number. Upon receipt of a reservation fee of a £1,000, a property reservation form will be sent out immediately specifying the specifics of the property/s and purchaser/s to be signed by the client and portfolio manager. • Escrow Funding: Upon Reservation, we allow up to a 10 working day period to fund the complete purchase price. To ensure Full Capital Protection throughout the transaction, all payments are made to an independent solicitors client escrow account governed by the UK Law society. Funds are only released in alignment to the phase payments outlined in the purchase agreement. • Completion Contracts (Purchase Agreements): On receipt and clearance of escrow funding, our appointed International Turkish lawyers, London Legal International will be in preparation of the completion contracts. The prepared contracts will detail the legally binding agreement to be enforced both in Turkey and the UK. With 4 offices in Turkey and a London HQ, the LLI team will represent clients throughout the completion process and enforce contracts with local land registry authorities for hassle free delivery of title deeds on completion. • On-going Portfolio Management: All clients will be assigned to a portfolio manager throughout the development stages of the project. Portfolio managers are responsible for keeping clients closely updated on site progress and activities leading to completion. Updates are typically provided with frequent discussions, meeting and quarterly build reports specifying works conducted with photographic and video evidence. • Property Management: On completion, all clients will be assigned an account manager from EPI Hotels and Resorts, our management arm. Account managers will be responsible for the on-going relationship regarding management of all properties. Clients will be regularly updated on the activities and occupancy rates of their property and will continue to receive quarterly/annual income net of any additional fees.

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 37 1 Canada Square London

+44 (0)20 183 2932 [email protected] www.equityplusinternational.com

E14 5AA United Kingdom

UK Company Registration No. 08277768