General Information

Location

The Afantou property consists of two neighbouring 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 road artery 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 traffic. These 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 one 5-star Hotel and one 4-star Hotel are operating in the Afantou beach area while the majority of the tourist accommodation is provided through 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 sqm) currently encompasses an 18-hole Golf course designed by Donald Harradine, which has been in operation since 1973. The coastline frontage is approximately 7km.

Project Development Concept

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

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