General Information

Location

The Afantou property consists of two neighboring beachfront land plots located in the Afantou area of the Island of Rhodes. The Rhodes International Airport, the City of Rhodes and the Rhodes Hospital are only 20km away. Both plots are very close to the Rhodes-Lindos Highway, the major Arterial Road of the island. The property is situated in close proximity to very important tourist destinations of the island, such as the famous Tsampika and Kolympia beaches.

According to the Civil Aviation Authority-Rhodes International Airport, the island catered to a total of 3,473,000 International Passenger traffic in the year 2011, in addition to the 673,000 domestic. The aforementioned figures are further increased by the traffic at the port of Rhodes that, in the same year, amounted to 1,042,000 passengers. The majority of international arrivals come from the United Kingdom, closely followed by Germany, Italy, Russia and Sweden.

Currently, only a 5-star Hotel and a 4-star Hotel are operating in the Afantou beach area, while the majority of the tourist accommodation is provided by guest rooms, villas and studios. Hotel operators such as Sheraton, Aldemar, Acquis, Grecotel and Louis have a strong presence on the island.

Size

The combined surface of the land plots is c. 1,858,000m²; part of the property (c. 450,000 sq.m.) currently encompasses an 18-hole Golf course designed by Donald Harradine, operating since 1973. The coastline frontage is approximately 7km.

Project Development Concept

The property has the potential to be developed, via a large scale integrated tourism, leisure, residential project, enclosing the existing golf course on such a well-established vacation destination as the island of Rhodes.

HRADF intends to proceed with the necessary steps set out in the new legal framework to enable the development of the property.