Consultants Property Development and Valuation

Spyros Koukidis & Associates

Property Services

• Development Consulting

• Family Office

• Property Valuations

Development Consulting

• Issues

• Solutions

Development Issues

Development Solutions

Development Experience

• The Met Hotel – Thessaloniki (GR)

• Residential Complex in Kato Kifissia – Athens (GR)

• Vacation Residential Complex in Kassandra –Chalkidiki (GR)

• Allatini Mixed Use Residential – Thessaloniki (GR)

• Podilatoupoli Mixed Use Commercial Development – Thessaloniki (GR)

• Tobacco Warehouse Mixed Use Commercial Development – Kavala (GR)

The Met HotelThessaloniki (GR)

• Land Plot: 0,40 ha• Buildable Area: ≈ 10 K sqm• Opportunistic Land Acquisition

for Client (4,5 MM €)• Market Research for Potential

Users

• Users – Identification and Negotiations

• ProjMgmt – Legal and Technical Due Diligence

• Finalization of Contract – Sale of Property to Hotel Owner / Operator

Residential ComplexKato Kifissia, Attica (GR)

• Land Plot: 0,40 ha

• Buildable Area: ≈ 4 K sqm

• Land Acquisition Cost: ≈ 2 MM €

• Construction Costs: ≈ 2,4 MM €

• Market Research – Property Identified and Acquired

• Agreement for Advance Sale for 80% of Project

• Market Research – Final Products Appeal

• Financing Design and Execution

• Required Equity: < 200 K €

• Construction Cost 100% Financing

• EBITDA: ≈ 2 MM €

Vacation Residential Complex Kassandra – Chalkidiki (GR)

• Agreement with Land Owner over Development Options

• Project Mgmt Development

• 22 Mezonettes, ea. 110-130 sqm

• Construction Mgmt – Budget Overrun by 15%

• Mgmt of Sales – Successful – ≈3 MM €

• Land Plot: 1,6 ha

• Buildable Area: 1.600 sqm

• Development Budget: 1 MM €

Allatini Mixed Use Residential Thessaloniki (GR)

• Market Research – Uses

• Client Decision Support: Mixed Use –Class A Resi + Commercial + Office in Separate Buildings

• Completed Acquisition Negotiations

• Development Project Management

• Best Coast Property in Thessaloniki (2,6 ha) – View to the Sea

• 12 K sqm Listed Buildings

• Potential Another 25 K sqm

Commercial Development Thessaloniki (GR)

• Land Plot: 0,20 ha

• Buildable: 7.000 sqm

• 5 Owners – Not in Good Terms

• Asking Price: 7,50 MM €

• Market Research – Uses

• Initial Purchase Negotiations

• ProjMgmt Development

• 65% Final Areas Users Agreed

• Complete Project Disposal at 9% Yield Agreed

• Potential EBIDTA: ≈ 8 mm €

Commercial Development Kavala (GR)

• Listed Building – Total Areas: ≈ 11.000 sqm

• Central Location• Purchase Value: ≈4 MM €• Est. Constr. Cost: ≈10 MM €

• Market Research – Users

• Market Research – Investors

• Proj Mgmt Development

• 50% Building Areas Rented

• Est. Total Rents: 2,5 MM €/yr

• Shopping Center Sale Agreed at 10% Yield

High Value Resi DevelopmentDionysos, Attica (GR)

• Land Area: ≈14 ha

• Buildable Area: ≈82.000 sqm

• 4 – Co-Owners (All Developers)

• Operated for one co-owner• Decision Making Support for

Agreement with partners• Market Research – Users, Prices• Final Agreement Reached on

Proposals

Resi RedevelopmentKalamaria, Thessaloniki (GR)

• Land Area: 22 ha• Existing: 220 Flats• Planned: 395 Modern Flats• Bioclimatic Architectural Design• Co-Production: Gas – Electricity• Solar Panels

• Supported Client in Offer to Owners

• ProjMgmt Development Design

• Agreed with 70% Clients over the Offer

• ProjMgmt Legal and Technical Due Diligence

Property Valuations

• Issues

• Solutions

Valuations Issues

Valuation Solutions

Valuation Experience

• Distresses Funds Valuations

• Mass Valuations

• Family Office Valuations

• Valuations for Other Clients