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Tiger Park Development Highest & Best Use and Market & Financial Feasibility Study for a theme park in Kislovodsk Executive Summary 5th December 2018

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Table of contents Executive Summary

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Study Area: General Location

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Study Area Current Land Condition Proposed Development

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Proposed Concept

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Zone 01 Heart of the Site Zone 02 Slide Park Zone 03 Tiger Park Zone 04 Lake Development Zone 05 Parking Komsomolsky Park

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Key Components Summary Financials

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The Vision of the Tiger Park

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Tiger Park Development

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EXECUTIVE SUMMARY

The overall Vision of the project is to develop the “Leading regional entertainment park and new touristic centre of Kislovodsok” or in other words to develop a renown animal park which will offer authentic experience through a variety of innovative entertainment including revival of the “life” around the lake through a combination of hospitality and real estate components. Planing a balanced mix of components within the project will allow a new centrality to both public and touristic attraction, also enabling further development of additional components in the future. Tiger Park is the strongest contributors and the key anchor of the project, due to its attractiveness and effective planning of highly profitable components.

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Study Area: General Location The Study Area includes Tiger Park Development and the other components, and is located is Kislovodsk, Russia

1,600KM From Moscow Flight Duration from Sheremetyevo Airport 1 hr, 42 mins

43KM Driving Distance to Mineralnyye Vody Airport 53 mins by Car

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Kislovodsk city is within Stravopol region that has a total population of 2.7 million, 128,553 is in kislovodsk only. The Study Area location within Kislovodsk:

Tiger Park Development

Famous for Caucasian Mineral Waters. attracts 70% of total arrivals within Stavropol region.

2.5KM Center

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Study Area INITIAL LAND PLOT FOR DEVELOPMENT

TOTAL AREA 39.3 Ha Private ownership

Marked in red are the cadastral zones that are not owned by the city and are in private ownership, some of these are of critical importance to the project and are useful to acquire (the plots are considered in concept development).

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Source: Horwath HTL analysis


THE PROPOSED AREA FOR OF DEVELOPMENT

Zone 3 (lake) 8.4Ha

Reserve land plot 13 Ha

Zone 2 11.3Ha

Zone 1 6.6Ha

AREA: 48 Ha Private ownership

Based on Highest and best use & Market Analysis research. The proposed plot has a suitable geography for developing the park on sustainable basis.

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Current Land Condition 1

DRY LAKE 1 360 (02)

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AIR PLANE

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RODOPI RESTAURANT

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360 (01)

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RIVER ALIKONOVKA

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PROPOSED EXTEND AREA FOR THEME PARK: 01

SUITABLE SUN EXPOSURE 10

02 SUITABLE TOPOGRAPHICAL TERRAIN

03 MORE VEGETATION


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HOTEL/RESTAURANT

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CONSTRUCTION SITE

MEMORIAL

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360 (01)

360 (02)

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Proposed Development 5 Anchor Components

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04 LAKE DEVELOPMENT 01 HEART OF THE SITE

HEART OF THE SITE

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P 02 SLIDE PARK

SLIDE PARK

03 ANIMAL PARK 12

03 ANIMAL PARK


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RESIDENTIAL DEVELOPMENT

FAMILY ENTERTAINMENT CENTRE

LAKE DEVELOPMENT

HOTEL

05 PARKING

PHASE 01 AREA UTILISATION (HA)

KOMOSOMOLSKY PARK

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HEART OF SITE 2.3 ANIMAL PARK 31.0 SLIDE PARK 5.6 FEC 0.3 PUBLIC PARK 1.8 HOTEL 2.4 RESIDENTIAL 2.6 PARKING AREA (P1) 2.6

PHASE 02

PARKING

• Development of residential area • Theme park new activities • Expansion of parking area 13


Proposed Concept LAKE DEVELOPMENT

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01

SLIDE PARK

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TIGER PARK

PARK DEVELOPMENT PROJECT Estimated Total Investment: 73.9 mil. €

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ENTRANCE

HEART OF THE SITE

PARKING

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HEART OF THE SITE

2.3 Ha

• INDOOR Family entertainment centre

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HEART OF THE SITE

ENTRANCE PARKING FUN CLIMBING

INDOOR FAMILY ENTERTAINMENT CENTRE

BOWLING BOUNCE ZONE SIMULATOR VR ESCAPE ROOM

SPORTS RESTAURANT & BAR

HEART OF THE SITE Estimated Investment: 3.1 mil. € 17


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HEART OF THE SITE


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02

SLIDE PARK

5 Ha

• Slide parks are one of the most profitable attractions to build due to high utilisation of the geography. • Toboggan runs and jumps – Alpine coaster, Summer toboggan run, Tubular slide, Jump tower, Zip lines – High rope course, Zip liner • Playground for smaller age category - Summer tubing, Wooden playground, Small toboggans, various attractions for children) • Target segments: children of all ages, teenagers, adults • Management model: Specialised operator. 20


SLIDES PLAYGROUND ALPINE COASTER

ENTRANCE

TUBULAR SLIDE

ZIP LINES

SLIDE PARK Estimated Investment: 9.4 mil. €

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TIGER PARK

Phase 01

TRAIN STAT

30 Ha • The Animal Park will be developed on a minimum level of 23 Ha and targeted level of 30 Ha which is the total area available for the purpose. • Dedicated management to an international specialised operator

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• Expected to attract 250,000 visitors (base scenario) and 470,000 (high scenario)

Proposal


ENTRANCE

ATION

LODGES

DATCHA

5 UNITS IN PHASE I 20 UNITS IN PHASE I

SAFARI PATH ELEVATED FOOT PATH

TIGER PARK Estimated Investment: 13.9 mil. € 25


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TIGER PARK

Lodge

Proposed Location of the Tiger Lodges and premium datcha with multiple rooms, for visitors to enjoy the park view from within.

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Datcha


Safari train

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03

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TIGER PARK


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04

LAKE DEVELOPMENT

18 Ha

RESIDENTIAL

125 UNITS IN PHASE I 125 UNITS IN PHASE II 250 TOTAL UNITS

HOTEL

150 KEYS IN PHASE I

The lake is complementary element of the Tiger Park key attractions, Hotel and residential facilities plus retail will be revitalized to become one of the main icons of the project with the following activities around it: • Boardwalk / pathway • Public park and beach 30

Proposal


PUBLIC BEACH LAKE HOT AIR BALLOON

ENTRANCE BIRD SHOW (AMPHITHEATRE) F&B

7 LAKE DEVELOPMENT Estimated Investment: 41 mil. € 31


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LAKE DEVELOPMENT

HOTEL

The Hotel will introduce the first lodging based on international standards of operation

Development phase: Phase 1

HOTEL DEVELOPMENT Investment: 21.4 mil. â‚Ź 32

Concept Overview: Positioning: Target segments: Capacity : Management:

Full service 4-star hotel leisure, special interest groups, MICE 150 Keys Internationally recognized hotel operator


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04

LAKE DEVELOPMENT

RESIDENTIAL

The Residential component has strong potential due to its premium location and as factor that creates “life” around the lake Development phase: Phase 1 : (125 units) Phase 2 : (125 units) Concept Overview: Capacity : Height:

RESIDENTIAL DEVELOPMENT Investment: 16.9 mil. € 34

250 units placed in 4 residential buildings GF (commercial areas) + 5 floors

TYPOLOGY # %IN TOTAL NET AREA 1-BDR 138 55% 45 sq m 2-BDR 87 35% 65 sq m 3-BDR 25 10% 100 sq m TOTAL 250 100%


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LAKE DEVELOPMENT

ACTIVITIES AROUND THE LAKE The Public Beach will be one of the most executing activity around the lake, in addition to the Hot Air balloon. Development phase:

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Phase 1 Concept Overview:

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Positioning: Lake area Activities: Hot Air Balloon

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LAKE Investment: 2.9 mil. €


Lake Development Components: 1. Entrance and shop 2. Lake 3. Heart of the Park: - Shops and retail - Family Recreation centre 4. Residential 5. Hotel 6. Public park and beach 7. Balloon 8. Bird show theatre 9. Restaurant “Captive Air Balloon base location near the lake�

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PARKING

5 Ha

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CAR PARK Estimated Investment included in the Tiger Park

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KOMSOMOLSKY PARK

9 Ha

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KOMSOMOLSKY PARK

‘‘Leading regional entertainment park and the new touristic centre of Kislovodsk’’

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KEY COMPONENTS SUMMARY

HOTEL Total Keys: 150 Hotel Annex New Boutique Hotel

ZONE 04: - LAKE DEVELOPMENT

ZONE 01: HEART OF SITE ZONE 02: SLIDE PARK

RESIDENTIAL Residential Core (250 units) Residential expansion (+100) Serviced apartments

TIGER PARK Animal park Family entertainment centre F&b Commercial Immersive accommodation Spa 44

ZONE 03: TIGER PARK


LAKE Boardwalk Content around the lake ZONE 05: PARKING

KOMSOMOLSKY PARK

KOMSOMOLSKY PARK Park area development SLIDE PARK Slide park

LEGEND PLANNED COMPONENTS TO BE REVISITED IN THE LONG TERM TO BE DEFINED WITH THE CITY

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FINANCIALS

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ZONE 04: - LAKE DEVELOPMENT

ZONE 05: PARKING

ZONE 01: HEART OF SITE ZONE 02: SLIDE PARK

KOMSOMOLSKY PARK

ZONE 03: TIGER PARK

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The Vision of the Tiger Park is to offer a journey from Kislovodsk to the Far East to discover Siberian Tigers. Impressive safari experience through various climate zones in natural habitats for animals.

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TIGER PARK DEVELOPMENT  
TIGER PARK DEVELOPMENT  
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