DEVELOPMENT OF HELLINIKONTHE FORMER ATHENS AIRPORT AND THE COAST OF AGIOS KOSMAS

HELLINIKON SA | www.hellinikon.comProf. Spiro N. Pollalis - Hellinikon SA, Chairman and CEO - pollalis@hellinikon.com

Hellinikon : Urban development meets national growth

Hellinikonthe meeting point of Europe and Middle EastA multi-purpose destination: Business, commerce, sports, leisuretourism and luxurious residences

A unique urban developmentenhancing the attractiveness of the Athens area

Hellinikon is a development project for regenerating the economy Hellinikon should not be a project imposed by the “memorandum”

Hellinikon Former Airport

Agios Kosmas Coast

An area of 6,200,000sqm, with 3,5km coastline and a proposed metropolitan park of 2,000,000 sqm

Monaco

33% of Hellinikon

Central Park, N.Y.

54% of Hellinikon

0 10 20 30 40 50

40 PUBLIC SECTOR29 PRIVATE SECTOR

Administration of the site

mixed use

parking

parking

parkingparkinghotel

hotel

landmark hotel

hotel

tram depot

residence

residence

residence

residence

residence

commerce

park

lake sports

sportsculture

aquarium

convention center

Business center

mixed use

health

seafront park

park

education-research

culture

education

commerce

“Hasani” is the toponym that the central area of the former airport site had, during the long of Turkish Occupation.Etymologically, the term “Hasani” has the meaning of“Rough and Anomalous Land” and this is indicative ofthe geomorphologic character of the area before the establishment of the Airport*. It was a barren and rocky land that was crossed by many streams.

*source: research program “Development of the Area of the former Airport Site”

Towards a business plan based on a master plan

The business plan

A contemporary, sustainable development

Quality of life

Climate change

Resource Allocation

Natural World

40% Parks

5% Tourism

5% Business

4% Education| R & D

4% Culture

2% Commerce

20% Residence

20% Circulation infra

A mixed use development integrated with the surrounding communities, with an accessible safe metropolitan park ensures a sustainable development

45%

25%

18%

12% PUBLIC OPEN SPACES

PRIVATE OPEN SPACES

BUILDING COVERAGE AREA

MAIN AXES | ROADS

55%

15%

18%

12% Planted Open Areas

Paved Open Areas

Buildings Coverage

Roads

Quality of life

Climate change

Resource Allocation

Natural World

Extended planted areas correspond to over 55% of the site

A balanced sustainable development

A dynamic environment

1.400.000 visitors per year *

15.000 permanent jobs **

40.000 residents ***

Estimations were made considering :

* Full capacity of the Aquarium, Saarinen complex, Guggenheim Museum, Aviation Museum & Open theatre

** Full employee capacity in business centres, in research & education

*** The number of households of eco-blocks and single houses

TOTAL DEVELOPMENT AREA1,300,000m2 :

- 650,000 m2 PARK

- Outdoor & indoor sport facilities

- Reuse of existing canoe-kayak slalom

- Reuse air force hangars

- Cemetery

- Innovation center in the Former East Terminal designed by Eero Saarinen

- Area for future use of Wastemanagement

1st phase The construction of 650,000 m2 of park and public benefit infrastructure, welcomed by neighboring communities. Cost: 200.000.000 €

1st PPP phase the development of the marina, a 5-star urban resort, health facilities, commercial and residential units

TOTAL DEVELOPMENT AREA 1.200.000 m2 :

- Construction of 5 start hotelunit

- Construction of health center

- Construction of residential units

- Construction of commercial spaces

- Construction of office spaces

- Reconstruction of marina and coastal front

5 STAR HOTEL

2nd PPP phase the development continues…

TOTAL DEVELOPMENT AREA 1,500,000 m2 :

- 300,000 m2 PARK

- Construction of research center

- Construction of residential units

- Construction of high-rise building

1ST PHASETOTAL INFRASTRUCTURE AND ROADS COST * ESTIMATE :

75–90 m. €

1ST PPP PHASETOTAL INFRASTRUCTURE AND ROADS COST * ESTIMATE :

60- 65 m. €

2nd PPP PHASETOTAL INFRASTRUCTUREAND ROADS COST * ESTIMATE :

40 -45 m. €

Phases of Infrastructure Upon starting the project creates more than 500 new jobs

DEVELOPMENT COST100 m. €

DEVELOPMENT COST900 m. €

DEVELOPMENT COST1,400 m. €

* Infrastructures include : Water supply network, Power supply network, Drainage & sewage network, gas,irrigation, communication network, street lighting, Park, infrastructure earthworks, waste-watertreatment plant , waste management plant, power distribution center Roads include : New Poseidonos Ave, Main Axes, Local Roads, Pedestrian Network, Re-construction Runways VAT is includedContractors' revenue as well as unpredicted expenses are not includedDue to ecoblocks large built up area, the estimated construction timeframe and the number of workers are per buildingThe estimated revenues have been based on a 100% sale scenarioThe cemetery does not include buildings

We can do it!

The former Hellinikon Airport area

and Agios Kosmas coast constitutes a unique site and

an excellent opportunity for a multi – development project

to ignite the economy