Leading investors in luxury residential resorts

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Leading investors in luxury residential resorts Our portfolio 2014

Transcript of Leading investors in luxury residential resorts

Page 1: Leading investors in luxury residential resorts

Leading investors in luxury residential resorts

Our portfolio 2014

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CONTENTS

1ABOUT US

2 Our portfolio

4 Our journey so far

5ADVANCED PROJECTS

6 The Porto Heli Collection

16 Venus Rock Golf Resort

22 Playa Grande Club & Reserve

28 Pearl Island

34MAJ OR PROJECTS

34 Sitia Bay Golf Resort

34 The Aman at Kea

35 Scorpio Bay Resort

35 Lavender Bay Resort

36 Plaka Bay Resort

36 Triopetra

38 Eagle Pine Golf Resort

38 Apollo Heights Polo Resort

39 Livka Bay Resort

40 Mediterra Resorts

41 Aristo

42Corporate social responsibility

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A LEADING GLOBAL INVESTOR

We are a leading global investor in the residential resort sector in emerging markets, seeking to generate strong capital growth and cash returns for our shareholders. We acquire large seafront sites of striking natural beauty in the eastern Mediterranean, Caribbean and Latin America and develop them into sophisticated leisure-integrated residential resorts, in partnership with some of the world’s most recognised architects, golf course designers and hotel operators.

Since its inception in 2005, Dolphin has become one of the largest private seafront landowners in Greece and Cyprus. Dolphin’s portfolio is currently spread over 63 million m² of prime coastal developable land and comprises 14 large-scale, leisure-integrated residential resorts under development in Greece, Cyprus, Croatia, Turkey, Panama and the Dominican Republic and a 49.8% strategic participation in Aristo Developers Ltd, the largest developer and private land owner in Cyprus. Dolphin is managed by Dolphin Capital Partners, ‘DCP’ or the ‘Investment Manager’, an independent real estate private equity firm.

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C A R I B B E A N S E

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ME D I T E R R A N E A N S E A

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Our portfolio currently comprises 14 large-scale development projects in Cyprus, Greece, Croatia, Turkey, the Dominican Republic and Panama, and more than 60 smaller residential holiday home projects in Cyprus and Greece through Aristo, our largest subsidiary.

OUR PORTFOLIO

14 major projectsLARGE-SCALE LEISURE-INTEGRATED RESIDENTIAL RESORTS

60+ residential projects ARISTO PROJECTS

63 million m2

LAND UNDER DEVELOPMENT

59 kilometresDIRECT COASTLINE

10,000+ RESIDENTIAL CAPACITY

22 hotels(11 PERMITTED, 3 CURRENTLY OPERATING)

5 marinas(3 PERMITTED)

8 golf courses

(5 PERMITTED, 2 CURRENTLY OPERATING)

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OUR PORTFOLIO AT A GLANCE

Land site DCI’s (hectares) stake ADVANCED PROJECTS

1 The Porto Heli Collection 343 • Amanzoe 96 86%

• The Nikki Beach Resort & Spa 1 25%

• The Chedi and Jack Nicklaus Signature Golf Course 246 100%

2 Venus Rock 1,000 49.8%3 Playa Grande Club & Reserve 950 100%4 Pearl Island 1,440 60%

SUB TOTAL 3,733

MAJOR PROJECTS5 Sitia Bay Golf Resort 280 78%6 The Aman at Kea 65 67%7 Scorpio Bay Resort 172 100%8 Lavender Bay Resort 310 100%9 Plaka Bay Resort 440 100%10 Triopetra 11 100%11 Eagle Pine Golf Resort 319 50%12 Apollo Heights Polo Resort 461 100%13 Livka Bay Resort 63 100%14 La Vanta – Mediterra Resorts 8 100% Zoniro Greece 27 100% SUB TOTAL 2,156

Aristo Cyprus* 392 TOTAL 6,281 *Excluding Eagle Pine and Venus Rock

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2005JULY

Dolphin founded with €5 million of seed capital.

DECEMBER

Dolphin admitted to trading on AIM, raising €104 million.

2006MARCH

Dolphin executes first investment in Greece – Kilada Hills Golf Resort.

JUNE

Dolphin follows on with first investment in Cyprus – Apollo Heights Polo Resort, and an additional acquisition in Greece – Scorpio Bay Resort.

AUGUST

Continued investment activity in Greece – Amanmila and Lavender Bay Resort.

NOVEMBER

Second AIM fundraise of an additional €300 million.

NOVEMBER

Dolphin completes first acquisition in Crete – Sitia Bay Golf Resort, and partners for a second time in Greece with Aman for Amanzoe at The Porto Heli Collection.

2007JANUARY

Dolphin makes first investment in Croatia – Livka Bay Resort.

APRIL

Dolphin purchases 85% stake in Aristo.

JUNE

Third AIM fundraise of an additional €450 million.

JULY

Dolphin invests for the second time in Crete – Plaka Bay Resort.

OCTOBER

Dolphin acquires Kea Resort, and executes the first investment in Turkey – Mediterra Resorts.

DECEMBER

Dolphin makes first investment outside eastern Mediterranean – Playa Grande Club & Reserve in the Dominican Republic.

2008JANUARY

Minority buy-outs in Livka Bay Resort, and Mediterra Resorts.

MARCH

€62.7 million invested in the acquisition of prime land in strategic locations in Cyprus, funded 100% by Aristo’s operational cash flow and credit lines.

JULY

Dolphin makes first investment in Central America – Pearl Island in Panama.

2009APRIL

Sale of Amanmila, Milos, Greece and launch of Shares-For-Assets Programme.

JUNE

Acquired remaining 15% of Aristo.

AUGUST

Commencement of construction of Amanzoe at Porto Heli, Greece.

SEPTEMBER

Commencement of construction of the first golf villa at Playa Grande Club & Reserve.

OCTOBER

Final construction permit for the hotel at Sitia Bay Golf Resort.

DECEMBER

Sale of 33% of Kea Resort and signing of management agreement with Aman Resorts.

2010MAY

Venus Rock Golf Resort obtains permits for two golf courses and related residential reaching 450,000 buildable m2 of real estate.

MAY

€50 million asset-backed loan facility arranged for Venus Rock Golf Resort.

JUNE

Management agreement signed with Nikki Beach to operate the hotel at The Porto Heli Collection.

2011FEBRUARY

Commencement of construction of the first Aman Villa at Amanzoe.

MARCH

US$40 million issue of Playa Grande Convertible Bonds.

APRIL

Works for the construction of the 36-hole golf course commenced at Venus Rock Golf Resort.

AUGUST

Commencement of construction of the Aman Beach Club at Amanzoe.

2012JANUARY

Construction of Pearl Island airport runway begins.

MAY

Aristo Exchange takes place.

JUNE

Construction of first golf villa completed at Playa Grande Club & Reserve.

AUGUST

Amanzoe welcomes its first guests. At opening, five Aman Villas were already sold.

SEPTEMBER

Dolphin sells a 60% shareholding in Pearl Island’s Founders’ Phase, after having sold over 20 Founder lots.

OCTOBER

€50 million issue of new Dolphin shares.

2013MARCH

Issue of €50 million Bonds and US$9 million Bonds.

MARCH

Aman Golf Resort groundbreaking ceremony at Playa Grande.

MAY

Agreement for the sale of Venus Rock is signed.

JULY

The construction of the first Aman Villas at Amanzoe is completed.

OCTOBER

Ritz Carlton announces 2016 resort opening at Pearl Island.

2014MARCH

Agreement for the sale of Port Kundu is signed.

JULY

Nikki Beach Resort & Spa at Porto Heli welcomes its first guests.

AUGUST

Dolphin establishes a strategic relationship with Colony Capital Acquisitions LLC by way of €40.4 million second priority loan facility into Amanzoe.

Our journey so far

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Dolphin’s portfolio is currently spread over 63 million m² of prime coastal developable land and comprises 14 large-scale, leisure-integrated residential resorts under development in Greece, Cyprus, Croatia, Turkey, Panama and the Dominican Republic and a 49.8% strategic participation in Aristo Developers Ltd, the largest developer and private land owner in Cyprus.

PORTFOLIO REVIEW

picturesque resorts...olive groves...decidedly stylish...groundbreaking...exclusive destinations...private beaches...fine-dining...cutting-edge technology...incredible swimming pools...dramatic and magical landscapes...exquisitely designed guest pavilions...retreats as an antidote to high stress...sublime experiences...designed masterpieces... soft golden stone...gentle flowing pools...contemporary... tailor-made...floor-to-ceiling glass doors...generous...idyllic terraces...elegant...tranquil peninsulas...secluded coves...breathtaking panoramic views...tempting dining options...sought after destinations...dramatic cliffs...sun-drenched coastlines...secluded pebbled beaches...heavenly islands...crystal waters... natural beauty...warm weather...great food...heaven on earth...for the discerning global traveler...

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THE PORTO HELI COLLECTION

PELOPONNESE, GREECE

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olive groves...gentle flowing pools...elegant dining...decidedly stylish...

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Nikki Beach Resort & Spa pool

olive groves...gentle flowing pools...elegant dining...decidedly stylish...

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THE PORTO HELI COLLECTION

AT A GLANCE

DOLPHIN STAKE

100% AREA SIZE

343 hectares

3 5-star hotels

www.portohelicollection.com

S PETS E S I S LAN D

E PI DAVROSMYCE NAE

NAFPLION

HYDRA I S LAN D

POROS I S LAN D

CORI NTHCANAL

ATHENSINTERNATIONALAIRPORT

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GOLF

BEACH ACTIVITIES

BEACH CLUB

SKIING

MARINA

ARCHAEOLOGICAL SITE

PORT

Nikki Beach Resort & Spa lobby

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The Porto Heli Collection is home to Amanzoe and Nikki Beach Resort & Spa, and offers a range of luxury residential units, catering to a diverse range of travellers and buyers. It is engulfed by azure waters and protected coves, and in close proximity to ancient sites of cultural and archaeological interest and picturesque islands.

Probably the most exclusive development in Greece to host a range of high-end, masterplanned, leisure-integrated residential resorts, in a serene environment, with panoramic sea views. In the region of Argolida, near Porto Heli (one of the most upmarket, second- home residential areas in Greece), within 2-hours’ driving distance from Athens International Airport and two hours by ferry from Piraeus Port.

COMPOSITION

First Phase• Amanzoe, a 42-pavilion hotel

and spa designed by Ed Tuttle, opened in August 2012

• The Aman Beach Club, opened in August 2012

• The Aman Villas, serviced by Amanzoe

• The Nikki Beach Resort & Spa at Porto Heli includes hotel suites as well as apartments for sale, opened in July 2014

• The Seafront Villas

Other Phases • Jack Nicklaus Signature

Golf Course• Golf clubhouse, c. 260 golf

residences and 100 hillside residences

• The Chedi, with 100 hotel rooms, spa and 88 club suites and villas

• The Chedi Beach Club and 13 cabanas

COMPLETED CONSTRUCTION TO DATE

• Amanzoe 42-pavilion resort• Amanzoe beach club, spa and

other leisure infrastructure completed and four seafront pavilions under construction

• All infrastructure• 13 villas sold, four delivered

and three currently under construction

• The Nikki Beach Resort and Spa

DESIGN

• Aman facilities masterplanned and designed by Ed Tuttle

• Chedi Hotel and residences, golf clubhouse and golf villas masterplanned and designed by Jean Michel Gathy (Denniston International)

• Golf course designed by Jack Nicklaus Signature Design

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THE PORTO HELI COLLECTION

www.amanresorts.com

www.nikkibeachhotels.com

www.ghmhotels.com

www.denniston.com.my

www.nicklaus.com

PARTNERS

www.zoniro.com

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adored by press...

TAKING THE PLUNGELuxury Homes, April 2014

A MAN FOR ALL SEASONSGQ, September 2013

A MAN FOR ALL SEASONSHouse & Garden, September 2013

THE WORLD’S TOP 100 RESORTSRobb Report, May 2014

HELLENIC HEAVENThe Scotsman, May 2014

THE BEST SPAS IN THE WORLD 2014Conde Nast Traveller, June 2014

RELAXATION RECUPERATION RECREATIONOPP, August 2014

GREECE LIGHTENINGAbode 2, September 2014

WORLD CLASSTatler, October 2014

WORLD CLASSVogue, October 2014

HEAVENLY RETREATS IN THE LAND OF THE GODSEvening Standard, May 2014

LATE SUMMER SUNThe Saturday Times, August 2014

NEW OPENING: NIKKI BEACH HOTEL & SPAHotel designs, September 2014

NIKKI BEACH OPENS IN GREECEWorld Spa & Wellness, August 2014

GREECE OPENING FOR NIKKI BEACHThe Travel Daily, August 2014

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AMANZOEEXCELLENCE

CONDÉ NAST TRAVELLER JUNE 2014 (UK)

The Best Spas in the World

ROBB REPORT MAY 2014The World’s Top 100 Resorts

ANDREW HARPER’S HIDEAWAY REPORT

Grand Awards 2014

#1 Special Recognition Award: Best Pool

THE GALLIVANTER’S GUIDEAwards for Excellence,

January 2014

#1 Best Hotel Spa Worldwide

Best European ResortBest Small Hotel/Resort Under 100 Rooms

#2 Best Leisure Resort Worldwide

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…our first completed luxury resort, drawing its name from the Sanskrit-derived word for ‘peace’, ‘aman’, and ‘zoe’, the Greek word for ‘life’.In the realm of Greek luxury resorts lies a contemporary retreat embracing Greece’s rich history and culture. Amanzoe offers travellers an ideal base from which to explore the natural beauty, coastal pleasures and ancient heritage of the Peloponnese region.

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NIKKI BEACH RESORT & SPA

FACTS AND FIGURES

OPENED ITS DOORS

28 July 2014

66 LUXURIOUS ROOMS

& SUITES

THE ONLY SEAFRONT HOTEL IN CENTRAL PORTO HELI

EXCLUSIVE STATE OF THE ART BEACHFRONT VENUE

OFFERING DIRECT VIEWS OF THE AEGEAN SEA

TIMELESS ELEGANCE AND GLAMOROUS DESIGN

INTEGRATED WITH HIGH-END LIFESTYLE HOTEL SERVICES

Contemporary, refined and elegant, this lifestyle urban resort is where those ‘in the know’ aspire to be.The resort’s ideal beachfront location allows guests to enjoy the crystal clear cobalt blue waters and dramatic panoramic views from almost every corner of the property.

PORTFOLIO REVIEW: ADVANCED PROJECTS

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VENUS ROCK GOLF RESORT

CYPRUS

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breathtaking views...luxurious villas...challenging golf courses...

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breathtaking views...luxurious villas...challenging golf courses...Venus Rock golf course

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VENUS ROCK GOLF RESORT

AT A GLANCE

DOLPHIN STAKE

50%AREA SIZE

1,000hectares

850m of beachfront

www.venusrock.com

PAPHOSAPH RODITE H I LLS

LI MASSOL2

Venus Rock golf course

PORTFOLIO REVIEW: ADVANCED PROJECTS

GOLF

BEACH ACTIVITIES

BEACH CLUB

SPA

MARINA

ARCHAEOLOGICAL SITE

PORT

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Venus Rock is one of Europe’s largest luxury beachfront residential developments, and home eventually to more than 3,000 properties, aiming to create the most vibrant and exclusive residential community in the country, with a multitude of leisure facilities and directly accessible from the country’s two major international airports.

Europe’s largest residential beachfront resort development and Cyprus’ most significant golf resort area, set between the towns of Limassol and Paphos, next to Aphrodite Hills. Located 10 minutes from Paphos International Airport and 1-hour from Larnaca International Airport.

COMPOSITION

First Phase• Two 18-hole golf courses

designed by Tony Jacklin, the first operating since summer 2013

• Two golf clubhouses• A Nikki Beach Club• Commercial beachfront

facilities• Approximately 1,500 apartments

and villas and 250 plots

Other Phases• c. 1,000 residential units• Retail and leisure facilities• A 5-star hotel with spa and

branded villas operated by Nikki Beach

• Marina and other sports facilities

DESIGN

A truly integrated residential resort, masterplanned by EDSA. The golf clubhouse and commercial facilities have been designed by Robert AM Stern, who also designed the first phase of multi-family residential units and established the architectural guidelines for custom-built units

PROJECT STATUS

• A live and very advanced project with most infrastructure and utilities in place

• An operating golf course and club house with c. 220 residential units already sold

• The new golf course is well under construction

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VENUS ROCK GOLF RESORT

PORTFOLIO REVIEW: ADVANCED PROJECTS

PARTNERS

nikkibeachhotels.com

www.edsaplan.com

www.ramsa.com

www.tonyjacklin.com

www.venusrock.com

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PLAYA GRANDE CLUB & RESERVEDOMINICAN REPUBLIC

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sun-drenched coastlines...sublime panoramic views...dramatic cliffs...

PORTFOLIO REVIEW: ADVANCED PROJECTS

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sun-drenched coastlines...sublime panoramic views...dramatic cliffs...Aman Villa at Playa Grande Club & Reserve

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PLAYA GRANDE CLUB & RESERVE

AT A GLANCE

DOLPHIN STAKE

100%AREA SIZE

circa 950hectares

approximately11km of seafront

www.playagrande.com

PUE RTO PLATA

RIO SAN J UANCABRE RA

CABARETE

NAGUA

SANTIAGO

SAMANA PE N I N SULA

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GOLF

BEACH ACTIVITIES

BEACH CLUB

SPA

POLO/HORSERIDING

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Spanning over 11 km of direct coastline with stunning beaches, dramatic 20m cliffs overlooking the Atlantic Ocean, a legendary Robert Trent Jones Snr. designed golf course and an unspoiled nature reserve, Playa Grande Club & Reserve is situated only 1-hour’s drive from two international airports. The project has the capacity for three luxury hotels, including the first Aman resort of the Dominican Republic and over 400 luxury residential units.

Playa Grande beach is one of the most spectacular beaches in the Caribbean, on the northern coast of the Dominican Republic. It is situated between the towns of Cabrera and Rio San Juan, each approximately 8 km away from the site. It is approximately 1-hour’s drive from Puerto Plata International Airport and Nagua Airport, and two hours to Santo Domingo. It boasts the first Aman Resort in the Dominican Republic and the only golf-integrated Aman Resort in the world. Often referred to as the ‘Pebble Beach of the Caribbean’, it has the only golf course in the western hemisphere with 10 holes running alongside 20m-high cliffs bordering the Atlantic Ocean.

COMPOSITION

First Phase• A 30-room Aman hotel

designed by John Heah• The Playa Grande Aman

Beach Club • A new golf clubhouse, fitness,

spa and tennis facilities• 37 Aman Villas serviced by

the Aman Hotel• The renovation of the existing,

legendary Robert Trent Jones Snr. golf course based on new designs by his son Rees Jones

Other Phases• Approximately 400 additional

residential units (beachfront, hilltop and cliff villas)

• Tennis, spa, beach and equestrian clubs

COMPLETED CONSTRUCTION TO DATE

• Main site infrastructure and utilities

• 18 hole golf course with renovation of back nine holes complete

• One golf villa• Aman Resort infrastructure

DESIGN

Project masterplanned by Hart Howerton. Golf course renovation design undertaken by Rees Jones, son of Robert Trent Jones Snr. Aman resort designed by Heah & Co, led by John HeahPlaya Grande Club & Reserve golf course

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PLAYA GRANDE CLUB & RESERVE

PARTNERS

www.amanresorts.com

www.harthowerton.com

www.reesjonesinc.com

www.zoniro.com

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PEARL ISLAND ARCHIPELAGO DE LAS

PERLAS, PANAMA

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secluded private beaches...crystal waters...heavenly natural beauty...

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secluded private beaches...crystal waters...heavenly natural beauty...Ritz Carlton pavilion

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NA

UT

ICA

L M

ILE

S F

RO

M P

AN

AM

A C

ITY

I S LA VIVE ROS

I S LA SAN JOSÉ

I S LA DE L REY4

PORTFOLIO REVIEW: ADVANCED PROJECTS

BEACH ACTIVITIES

BEACH CLUB

SPA

POLO/HORSERIDING

HISTORICAL PLACE

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PEARL ISLANDAT A GLANCE

DOLPHIN STAKE

60% AREA SIZE

1,440 hectares

14 private sandy beaches

www.pearlisland.com

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A private island, approximating the size of St. Barths or Capri, with almost 30 km of coastline and 14 private beaches in the heart of an untouched archipelago of unique biodiversity, approximately 40 nautical miles from the skyscrapers of Panama City. With at least three luxury 5-star hotels, a marina, more than 1,000 luxury residential units and a private natural reserve comprising more than half of the island, Pearl Island is set to become one of the first exclusive integrated ecological island resorts in the region.

Set in the Archipelago de las Perlas, this private island is set to become one of the first exclusive integrated ecological island residential resorts in the region.

70% of the island is retained as a natural reserve park, with a unique ecosystem, marine and bird sanctuary. It has a natural harbour, which is set to become one of the largest marinas in Central America.

Pearl Island is accessible by boat in 1 hour and by air in 20 minutes, and is approximately 40 nautical miles south of Panama City. The Project has a completed airstrip, with potential to expand to an international airport.

COMPOSITION

Founders’ Phase (7% of the island) – sold• Beach club, spa and other leisure facilities• A 40-berth and 30 dry-dock marina• Approximately 200 residential units

(villas and plots)• Private landing strip

First Phase – Ritz Carlton Reserve (3% of the island)• 80-key Ritz Carlton Reserve hotel with

beach club and related amenities• Approximately 120 branded residential units

Other Phases (90% of the island)• Development potential for over 425,000 m2

of buildable residential space or approximately 945 residential units and lots for sale

• Up to four additional luxury 5-star hotels• Marina with up to 500 berths and retail

facilities• Recreational and sports facilities, including

scuba diving, whale watching, fishing, equestrian centre and over 40 km of natural biking and hiking trails

• International airport

COMPLETED CONSTRUCTION TO DATE

• Basic infrastructure works including 26 km of roads

• Irrigation/drainage/erosion control systems, nursery and agro-farm

• One golf villa and mock up pavilion• Modular utilities (water and electricity) and

workers’ housing that can accommodate up to 300 workers

• Airstrip runway of 1 km, now being expanded to 1.5 km to enable business jet access

• Beach club, marina with 40 berths and service pier in advanced stages of construction

DESIGN

Masterplan and design by Hart Howerton

Beach at Pearl Island

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PEARL ISLAND

PORTFOLIO REVIEW: ADVANCED PROJECTS

PARTNERS

www.harthowerton.com

www.ritzcarlton.com

www.zoniro.com

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PORTFOLIO REVIEW: MAJOR PROJECTS

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GREECE

CRETE

Greece offers to the discerning traveller not only luxury and stunning landscapes, but also adventure, serenity, culinary experiences, a bustling nightlife and a number of outdoor activities. Tourism accounts for 18% of GDP, and is poised for growth as a number of high-end international brands are developing properties in the market.

GREECE

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SITIA BAY GOLF RESORT

CRETE, GREECE

DOLPHIN STAKE

78% AREA SIZE

280 hectares

2.5km of seafront

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THE AMAN AT KEA

CYCLADES, GREECE

DOLPHIN STAKE

67% AREA SIZE

65 hectares

Private beach

LOCATION

The island of Crete

ACCESS

A 10-minute drive from Sitia International Airport, a 1.5-hour drive east from Heraklion International Airport and a 15-minute drive from Sitia Harbour

SPECIAL FEATURES

A secluded peninsula of unspoilt natural beauty on the largest of the Greek islands and the most popular Greek tourist destination with 3 million visitors in 2011

COMPOSITION• Over 120,000m2 of buildable residential

units• A 200-room Waldorf Astoria resort• A convention centre• An 18-hole championship golf course• A golf clubhouse• A 32-berth marina• A beach and country club and other

leisure facilities

DESIGN

Masterplan and hotel design by WATG. Nicklaus Design has been appointed as the golf course architect

LOCATION

The island of Tzia (Kea)

ACCESS

A 1-hour ferry ride from Lavrio Harbour and a 15-minute drive from Athens International Airport. Regular ferry services from Lavrio all year round

SPECIAL FEATURES

Dramatic sea views and a spectacular sandy beach offering a natural harbour and a safe shelter from the Aegean winds

COMPOSITION• Aman hotel and residences• Beach club

DESIGN

Designed by Heah & Co, led by John Heah

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GOLF

BEACH ACTIVITIES

BEACH CLUB

SPA

SKIING

MARINA

HOTEL

ARCHAEOLOGICAL SITE

DRAMATIC LOCATION

PARTNERS

www.waldorfastoria.com

www.watg.com

www.nicklaus.com

www.amanresorts.com

www.oberoihotels.com

www.zoniro.com

7

SCORPIO BAY RESORT

VIOTIA, GREECE

DOLPHIN STAKE

100% AREA SIZE

172 hectares

Approximately 2 km of seafront

LOCATION

Skorponeri, Viotia region, making this probably the closest luxury seaside residential resort to Athens

ACCESS

A 1-hour drive from Athens International Airport

SPECIAL FEATURES

A mountainous peninsula of unspoilt natural beauty overlooking a secluded bay and the island of Evoia, and within a 1-hour drive from the ski resort of Mount Parnassus

COMPOSITION

Luxury Oberoi operated hotel and full service spa, integrated with a residential development and sea-related leisure facilities

DESIGN

Hotel and villa designed by Heah & Co, led by John Heah

8

LAVENDER BAY RESORT

MAGNESIA, GREECE

DOLPHIN STAKE

100% AREA SIZE

310 hectares

2 km of seafront

LOCATION

Near the town of Volos, in the region of Thessalia, at the mouth of Pagasitikos Gulf

ACCESS

Approximately 2.5-hours’ drive from both Athens and Thessaloniki International Airports, also 20-minute drive from new Aghialos International Airport

SPECIAL FEATURES

Unspoilt, undulating hills fronted by a 2 km beach and surrounded by forest

COMPOSITION• A 180-room Kempinski operated hotel• More than 220 branded residential units• More than 390 non-branded residential

units• An 18-hole Gary Player Signature golf

course• Beach club and other leisure facilities

DESIGN

Masterplan by EDSA, golf design by Gary Player and hotel and residences design by Chad Oppenheim (Oppenoffice)

www.edsaplan.com

www.garyplayer.com

www.oppenoffice.com

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GREECECONTINUED

9

PLAKA BAY RESORT

CRETE, GREECE

DOLPHIN STAKE

100% AREA SIZE

440 hectares

7 km of seafront

10

TRIOPETRACRETE, GREECE

DOLPHIN STAKE

100% AREA SIZE

11 hectares

280m façade along a scenic beach

LOCATION

The island of Crete

ACCESS

A 40-minute drive east from Sitia International Airport, a 2-hour drive east from Heraklion International Airport and in close proximity to Sitia Harbour

SPECIAL FEATURES

Easternmost point of Crete

COMPOSITION• A residential development of over 70,000m2

• One or more 5-star hotels• Other supporting recreational facilities

and potentially an 18-hole golf course

DESIGN

Masterplan prepared by Hart Howerton

LOCATION

On the southern side of Rethymno Prefecture, Crete

ACCESS

Approximately 54 km from Rethymno, the Prefecture’s capital and main port. The International Airports of Heraklion and Chania fall within a distance of approximately 104 km and 124 km, respectively

SPECIAL FEATURES

Dramatic sea views and a spectacular sandy beach

COMPOSITION• A 60-room luxury 5-star hotel with

restaurant, retail, spa and fitness, watersports, outdoor activities and nature treks

• Approximately 8,870m2 of residential buildable non-branded villas

DESIGN

Permit design prepared by Aristo Developers’ Architectural team

PORTFOLIO REVIEW: MAJOR PROJECTS

GOLF

BEACH ACTIVITIES

BEACH CLUB

SPA

SKIING

MARINA

HOTEL

ARCHAEOLOGICAL SITE

DRAMATIC LOCATION

PARTNERS

www.harthowerton.com

www.zoniro.com

8

7

6

510

9

GREECE

CRETE

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Triopetra

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PORTFOLIO REVIEW: MAJOR PROJECTS

CYPRUS

11 12

Cyprus is a deeply enjoyable holiday island that boasts myriad charms year round. The rich history of the island can be traced back 10,000 years and, as a destination, Cyprus is not only about attractive and impressively clean beaches, but offers skiing, hiking and several other outdoor activities, always combined with a unique culinary experience.

CYPRUS

11

EAGLE PINE GOLF RESORT

CYPRUS

DOLPHIN STAKE

49.8% AREA SIZE

319 hectares

12

APOLLO HEIGHTS POLO RESORT

CYPRUS

DOLPHIN STAKE

100% AREA SIZE

461 hectares

LOCATION

Inland, with stunning sea views, overlooking the Episkopi and Akrotiri regions near Limassol

ACCESS

Less than 1-hour’s drive from both of the island’s international airports

SPECIAL FEATURES

A few kilometres from Apollo Heights Polo Resort and a 15-minute drive from Venus Rock Golf Resort

COMPOSITION

Golf facilities and a residential development component of up to 150,000m2 of residential units

DESIGN

Masterplanning by EDSA, golf design by Graham Marsh in association with Hans-Georg Erhardt, resort design by Porphyrios & Associates

LOCATION

Near the town of Limassol

ACCESS

Less than 1-hour’s drive from both of the island’s international airports

SPECIAL FEATURES

With excellent views of the sea, the mountains and neighbouring villages, the site also lies adjacent to a number of polo fields and an 18-hole golf course, and is 500m away from the beach

COMPOSITION• Hotel facilities• Residential units• Polo fields• 18-hole golf course

DESIGN

Masterplan by EDSA and golf course design by Tony Jacklin Design

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CROATIA

13

With a spectacular coastline that stretches across the Adriatic, more than 1,000 offshore islands, dozens of medieval towns and villages, Croatia’s appeal is obvious. A haven for yachters and sun worshippers alike, Croatia is quickly emerging as an adventure and gastronomy destination to boot.

CROATIA

13

LIVKA BAY RESORT

SOLTA, CROATIA

DOLPHIN STAKE

100% AREA SIZE

63hectares

3km of seafront

LOCATION

The bay of Livka on the south end of the island of Solta, off the Dalmatian Coast

ACCESS

20 km boat ride from Split International Airport

SPECIAL FEATURES

One of the first luxury residential resorts on the Dalmatian coast

COMPOSITION• Luxury hotel with 130 rooms and suites• Approximately 200 private, serviced

residences• 120-berth marina• Other supporting recreational,sports

and retail facilities

DESIGN

WATG

www.livkabay.com

PARTNERS

GOLF

BEACH ACTIVITIES

BEACH CLUB

SPA

MARINA

POLO/HORSERIDING

HOTEL

HISTORICAL PLACE

ARCHAEOLOGICAL SITE

DRAMATIC LOCATION

www.edsaplan.com

www.gmgd.com.au

www.porphyrios.co.uk

PORPHYRIOSA S S O C I A T E S

www.tonyjacklin.com

www.zoniro.com

www.watg.com

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PORTFOLIO REVIEW: MAJOR PROJECTS

TURKEY

14

Turkey’s archaeological and cultural wonders, and its lush and twirling Mediterranean coastline, are a Mecca for tourists, attracting millions of European holidaymakers each year. From hikers and adventurers, to yachters and history enthusiasts, Turkey can cater to anyone.

TURKEY

14

MEDITERRA RESORTS

ANTALYA, TURKEY

DOLPHIN STAKE

100% AREA SIZE

8 hectares

LOCATION

The Antalya region of southern Turkey

ACCESS

A 1.5-hour drive from Dalaman International Airport to La Vanta

DESIGN

Cemal Mutlu & Xavier Bohl

SPECIAL FEATURES • La Vanta development is very close

to the well-known beaches of Kaputas and Patara and within walking distance from Kalkan beach

• 5-minute drive to the beach

COMPOSITION• La Vanta is a development of over 25,000m2,

comprising over 120 villas and townhouses. Phase 1 was completed in 2009 with 41 units already delivered. Phase 2 is currently under construction

www.mediterraresorts.com

PARTNERS

www.watg.com

www.cemalmutlu.com

cmM İ M A R L I Kwww.cemalmutlu.com

www.xavierbohl.com

BEACH ACTIVITIES

BEACH CLUB

SPA

MARINA

HOTEL

HISTORICAL PLACE

ARCHAEOLOGICAL SITE

DRAMATIC LOCATION

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DOLPHIN CAPITAL INVESTORS OWNS

49.8% OF ARISTO DEVELOPERS.

FOUNDED IN

1983ARISTO IS THE LEADING

RESIDENTIAL DEVELOPER AND THE LARGEST PRIVATE

LAND OWNER IN CYPRUS

ARISTO DEVELOPERS HAS

over 60 projects

AROUND CYPRUS

BEACHFRONT LOCATIONS OFFERING

BREATH TAKING VIEWS.

www.aristodevelopers.com

ARISTO

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SUPPORTING COMMUNITIES

CORPORATE SOCIAL RESPONSIBILITY

Corporate social responsibility (‘CSR’) is embedded in Dolphin’s culture. As such, Dolphin and its Investment Manager consider it their responsibility to mindfully coexist with, and support, the societies and environments where we invest.

PEARL ISLAND

The Pearl Island Foundation continues to invest in programmes designed to strengthen the local economic and social development of the Pearl Island community, in order to make a significant difference in the lives of the local population. The first half of 2014 was marked by several milestones:1. Continued efforts to improve the standard of local education. Since the inception of the programme

six years ago, the youth of the island have benefitted from a new curriculum and improved facilities. In 2014, the programme instituted a new Bachelor Degree in Tourism (grades 10th to 12th) and developed new pavilions for this new group of students. The programme has been designed and developed with the approval and oversight of Panama’s Ministry of Education.

2. Teaming up with INADEH (National Institute for Vocational Training and Human Development) to provide the community with basic training and marketable skills in vocations, like retailing skills and dress making, that will prepare the community for tourism and hospitality employment and provide a measure of independence and economic empowerment.

3. Enhancing the summer programme ‘Sunrise in Pedro Gonzalez’, which this year was planned and organised by a special committee integrated with people of the community under the supervision and direction of trained external counsellors retained by the Pearl Island Foundation. The summer experience is an opportunity for children to learn new skills and cultivate their sense of independence and self-reliance. Programme activities include adventure and scouting, arts and crafts, music development, and sports.

4. Improving access to basic services such as health, sanitation and clean water, which is a constant challenge with local population often unable to travel to hospitals for medical care. The Pearl Island Foundation continued to support a mobile healthcare programme in co-ordination with the Ministry of Health. The programme aims provide the population with access to healthcare and sanitation.

5. Completing significant investments in the infrastructure of the island to improve the sanitation and living standards of the community, such as 150 metres of pavements and a new water treatment plant to deliver potable water to the community.

THE PLAYA GRANDE PROJECT

The Playa Grande project, through the Playa Grande Foundation, continues developing programmes aimed at the sustainable development of the surrounding communities in its area of influence in the north coast of the Dominican Republic. Focus has been placed on the areas of education, sports, and culture, with the pursuit of the following key initiatives: 1. Funding a pre-school for over 30 local children in the town of Abreu. The Playa Grande Foundation

continues to finance the pre-school programme and run it in partnership with the Dream Project Foundation.

2. Establishing a library, together with enhancing reading programmes, in the elementary public school of the town of Abreu.

3. Sponsoring community sports development programmes and local inter-school competitions in basketball and volleyball.

4. Sponsoring surfing competitions and an annual 10-k run for regional athletes.5. Sponsoring and organising as a key committee member the Rio San Juan carnival, the main annual

cultural event in the region, with its artisanal mask, costume and carnival troupe competitions. The Rio San Juan carnival has developed into a unique cultural event, with all participants integrating a marine theme to their costumes.

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The pre-school programme of the Playa Grande Foundation in Abreu

DOLPHIN CAPITAL FOUNDATION

Dolphin Capital Foundation (‘DCF’) is a non-profit charitable entity set up on 12 December 2007, dedicated to helping the surrounding regional communities and the natural environments where Dolphin invests, by donating to various charitable endeavours.

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Designed and produced by Boone Designwww.boonedesign.com

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Dolphin Capital Investors LimitedVanterpool Plaza, 2nd Floor, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands

www.dolphinci.com

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