Vrbnik Gardens. Adriatic seaside Eden

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1 Vrbnik Gardens Adriatic seaside Eden

2 Investment opportunity highlights Seaside property Excellent traffic location Growing tourism potential Clear ownership Prepared project documentation

3 Location Europe Vrbnik is a small historical town on the northeast coast of the island Krk in Croatia. According to the last census it had a population of 1,260. Prevalent economic activity is production of grapes and wine Žlahtina. Vrbnik Vrbnik is still principally an excursionist tourist location with significant number of visitors coming to pilgrimage.

4 Location Vrbnik Old city centre The old city centre is perched on a limestone outcropping 50 m above the Adriatic Sea. Namori bayi In the western outskirts of the historic city centre is a picturesque Namori bay and the town harbour. Harbour Namori bay is just 100 m from the old city centre and right next to the town s harbour. E S W N

5 Location Namori bay S Namori bay Namori bay is the location of this project that stretches over almost m 2 of land. In the past there was a nonwoven factory. Halls are currently used as a dry marina. According to regional spatial plan Namori bay is intended to become a new centre of Vrbnik with all associated functions. N E W

6 Traffic connections RIJEKA Road 25 km to the bridge that connects the island to the mainland. 20 km from Rijeka which is connected to all major European traffic centres. Air In the 2014 island s airport (25 km from Vrbnik) had flights to 23 European cities. Direct flight from any European city takes no more than 3 hours (London 2.3 h, Stockholm 2.5 h, Hamburg 2 h). Sea 15 min by car to the centre of nautical tourism in Croatia, Marina Punat. 130 nautical miles to Venice and 260 to Dubrovnik.

7 Growing tourism potential So far Vrbnik has been focused on rich gastronomical and cultural offer. Vrbnik has recently recognised its tourism potential. In 2013 the county spatial plan has been altered so Vrbnik now has the location Namori bay for development of different range of tourism and hospitality objects. The island Krk is one of the most sunny parts of Europe having 2,500 hours of sun per year. Mediterranean climate is pleasant and mild. The average summer air temperature is 22.8 C, and the sea water temperature is C.

8 Property county spatial plan RIJEKA Namori Namori bay bay Permitted purposes of buildings in Namori bay: housing hotel with up to 120 beds business hospitality (restaurants, wine tasting bars...) stores (food, souvenirs, textile...) services (travel agency, crafts, rent of boats and diving equipment...) leisure and public events gardens, walkways, plazas pedestrian and vehicular access to the old centre of Vrbnik parking (public and private) in the underground levels

9 Property - legal Investment alternatives All the land and buildings are in the ownership of one company. Company s financial results enable applications for grants and incentives. Buying a company Vrbnički vrtovi d.o.o. (Vrbnik Gardens Ltd.). Strategic investment in development of the project. Financing of the project. The architectural plan for the project is in accordance to county spatial plan.

10 Vrbnik Gardens - architectural plan

11 Vrbnik Gardens - architectural plan

12 Vrbnik Gardens Maximal diversification of buildings in order to create a modern and live centre with different commercial and non commercial functions. Residential area - plans higher floors with apartments (one to five bedrooms) every apartment having a balcony, terrace or garden with a view (the old town /sea) total number of apartments adjusted to market demand ground floors for commercial usage (stores, restaurants, travel agencies, pharmacy...) commercial space in different sizes so it can be flexibly combined, merged or split Hotel - plans small 4*hotel with 100 beds, wellness centre and pool on the roof hotel connected with the restaurant focused on presenting local gastronomic specialities first of all wine Žlahtina

13 Vrbnik Gardens Open space - plans large public park in the centre of Vrbnik Gardens with main square, footpaths and panoramic terrace part of the park The River going through the centre, and falling in cascades into a little waterfall at the panoramic terrace where it disappears beneath the ground, as a river that once flew through the valley new walking routes connecting the old city centre with the harbour Underground - plans 240 parking spaces (private and public) storage space machine rooms

14 Vrbnik Gardens Differentiation year-round tourism complementary individual functions - residents will use the local services during the whole year main characteristic of new buildings being ecology, energy saving, purity of housing without the automobile traffic but with full equipment and services all communications adjusted for people with disabilities availability of services and pleasant island climate suggesting that owners of the new apartments can be young families with children, elderly persons from Croatia and Europe

15 IMPORTANT DISCLOSURE All information, opinions, expectations and projections have been obtained from sources we believe to be reliable; however, we do not guarantee their precision and/or completeness. We are not liable for the accuracy of information obtained from external sources. The contents of this publication may only be used for information purposes. Investors should conduct their own research about a project prior to making investment decisions.

16 CONTACTS Consultant Sapientia Nova Ltd. Mirjana Marinković mob e mirjana.marinkovic@sapientia.hr