MURCIA DRAFT by Anna Grochola

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Essential Murcia Investment Guide EXCLUSIVE UPDATE: € 1 Bilion Paramount Park in Murcia

Why invest in Murcia?

Welcome MESSAGE FROM THE CHIEF EXECUTIVE OFFICER

INTRODUCTION TO PRESTIGE BROKERS

As an optimist I see an abundance of opportunity in today’s property market both at home and overseas. The current economic climate see’s developers and financial institutions experiencing a lack of liquidity and ordained to look for alternative solutions. When I set up Prestige Brokers in January of 2011, my vision was to exploit this gap in the property market. I couldn’t do this alone, what I needed was the strength of a team, a team of motivated property investors. Starting from a small two man team based out of Richmond, Surrey within a short span of time we have now built a powerful reputation as a dynamic and innovative, international property investment company. With an active consortium of over 2000 investors, we have been able to secure favorable investment projects in prime locations across the UK and overseas, completing transactions in excess of £25 Million in 2011. These success’s cannot to be credited to Prestige Brokers alone, we can only deliver when we the agent and you the investor work as a team. Our partners are our clients and we understand our business relies on long-standing relationships with you. You the client are the strength of our business and we will consistently strive to not just deliver but exceed your expectations. Investors are looking for ‘growth with security’ and that is our motto. I look forward to doing business with you and assisting you to achieve your property investment goals.

Prestige Brokers are committed to strengthening the standing of wealthy clients and those aspiring to become wealthier, through the procurement of secure property and alternative investment opportunities. We understand that wealth is more than money; it means something different to everyone and each individual has their own goals, ambitions and requirements.

Z.Shah zeeshaan.shah@prestigebrokers.co.uk

Services • 100% Finance Property Investment • UK Student Property Investment • UK Hotel Room Investment • UK Commercial Property Investment • Oil and Gas Investment The back bone of our operation is our consortium of investors. With their strength we are able to structure bespoke 100% finance project’s that are cash flow positive from the outset, allowing members the opportunity to develop large property portfolio’s with minimal cash outlay. Leveraging the power of our consortium we negotiate extremely favorable terms with developers and banks, delivering the most valued property and alternative investment service on the market.  Within the UK we have identified two key areas of growth within the Student and Hotel sectors. Demand within the sectors is rapidly growing as investors enjoy the security of an investment in the established British market packaged with high rental yields. “Growth with Security” is our motto and this is what we are delivering. Whether it be a high yield investment in the United Kingdom or one of our signature 100% finance projects, we strive to continuously deliver unparalleled product.

Why invest in Murcia?

Murcia is experiencing an economic boom, a growth that is not going on anywhere else in Spain. Widely regarded as Spain’s most dynamic region....

READ MORE IN: “Destination Murcia” p.10

SPAIN Spain’s capitalist mixed economy is the twelfth largest in the world and the Eurozone’s fourth largest. It is regarded as the world’s 20th most developed country.

Overview Spain’s capitalist mixed economy is the twelfth largest in the world and the Eurozone’s fourth largest. It is regarded as the world’s 20th most developed country.

According to calculations by the German newspaper Die Welt in 2007, Spain was on course to overtake Germany in per capita income by 2011.

The centre-right government of former Prime Minister José María Aznar worked successfully to gain admission to the group of countries launching the euro in 1999. Unemployment stood at 7.6% in October 2006, a rate that compared favorably to many other European countries, and especially with the early 1990s when it stood at over 20%.

The 2008/2009 credit crunch and world recession manifested itself in Spain through a massive downturn in the property sector. Fortunately, Spain’s banks and financial services avoided the more severe problems of their counterparts in the USA and UK, due mainly to a stringently enforced conservative financial regulatory regime. The Spanish financial authorities had not forgotten the country’s own banking crisis of 1979 and an earlier real-estateprecipitated banking crisis of 1993. Indeed, Spain’s largest bank, Banco Santander, participated in the UK government’s bail-out of part of the UK banking sector.

The most recent economic growth benefited greatly from the global real estate boom, with construction representing an astonishing 16% of GDP and 12% of employment in its final year.

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Moving Forward Despite doom and gloom in the media important points to be noted are that at the beginning of 2010, Spain’s public debt as a percentage of GDP was still less than those of Britain, France or Germany. Research about quality of life by the Economist Intelligence Unit’s quality of life survey placed Spain as the country among the top 10 best quality of life in the world for 2005, ahead of other economically and technologically advanced countries like France, Germany, the United Kingdom and South Korea. Before the current crisis, the Spanish economy was credited for having avoided the virtual zero growth rate of some of its largest partners in the EU. In fact, the country’s economy created more than half of all the new jobs in the European Union over the five years ending 2005. The Spanish economy is still regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment.

During the last four decades the Spanish tourism industry has grown to become the second biggest in the world, worth approximately 40 billion Euros, about 5% of GDP, in 2006. Today, the climate of Spain, historical and cultural monuments and its geographic position together with its facilities make tourism one of Spain’s main national industries and a large source of stable employment and development. With growth of 17.4% to 185.799 million euros in sales, the export sector has recovered to pre-crisis levels, according to data released by the Ministry of Industry. With a contribution of 1.1% to Gross Domestic Product (GDP), the export sector has brought stability to the Spanish economy. The improvement in exports including emerging countries, has allowed the trade deficit is not increased because of rising global energy prices. The OECD puts Spain in fifth place in the ranking, with estimated exports of goods and services 9.9%. Spain is placed after Germany and Slovakia, which will increase its sales abroad by 10.4%.

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Economy

Murcia a city in south-eastern Spain, is the capital and most populous city of the Autonomous Community of the Region of Murcia, and the seventh largest city in the country, with a population of 689,591 in 2010. It is located on the Segura River, in the Southeast of the Iberian Peninsula, noted by a mild climate with hot summers, tepid winters and scarce precipitation.

Despite doom and gloom in the media important points to Murcia serves as a major producer of agricultural products; it is common to find Murcia’s tomatoes and lettuce, and especially lemons and oranges, in European supermarkets. Murcia is a producer of wines, with about 100,000 acres devoted to grape vineyards. Most of the vineyards are located in Ricote and Jumilla. Jumilla is a plateau where the vineyards are surrounded by mountains.

Murcia was founded by the emir of Cordoba Abd arRahman II in 825 AD with the name and is now mainly a services city and a university town. Highlights for visitors include the Cathedral of Murcia and a number of baroque buildings, renowned local cuisine, Holy Week processions, works of art by the famous Murcia sculptor Francisco Salzillo, and the Fiestas de Primavera (Spring Festival). The city, as the capital of the comarca Huerta de Murcia is called Europe’s orchard due to its long agricultural tradition and as a fruits, vegetables and flowers producer and exporter.

Murcia is a centre for industry, with many British and American companies choosing it as a location for satellite factories, such as Henry Milward & Sons, American firms like General Electric and Paramount Park Studios. Recently, the economy of the region is turning towards “residential tourism” in which people from northern European countries have a second home in the area. The economy of Murcia is supported by fairs and congresses, museums, theatres, cinema, music, aquariums, bullfighting, restaurants, hotels, camping, sports, foreign students, and tourism.

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Transport

Climate

Murcia-San Javier Airport (MJV) is located on the edge of the Mar Menor close to the town of San Javier, 45 kilometres southeast of Murcia. There is also an airport at the neighboring city of Alicante 70 kilometres from Murcia.

Furthermore, there is a new 1 Billion Euro airport under development in Corvera which will be operational as of summer 2012. The new International airport of the Region de Murcia will be privately owned, and be directed mainly at low-cost airlines anticipated to cater to 6 million passengers per annum when fully operational.

Destination Murcia

Murcia is experiencing an economic boom, a growth that is not going on anywhere else in Spain. Widely regarded as Spain’s most dynamic region with government and private investment in major projects alone exceeding 6 Billion Euros from 2011 - 2015, there has never been a better time to invest in Murcia.

Major projects in the area: 1. – – –

Corvera International Airport Total investment of 1 Billion Euro 20 minutes from La Isla de Conadado Operational April 2012

2. High-Speed AVE Rail Link – Total investment of 2.5 Billion Euro – Terminal at Corvera International Airport – Connect Murcia to AVE network and major Spanish cities – Travel time to Madrid only 4 – 5 hours 3. – – – –

Paramount Theme Park Total investment of 1.1 Billion Euro First Paramount Theme Park in Europe Will attract 3 Million visitor per annum 22,600 jobs to generated

For it’s part, the new Corvera International Airport is expected to become fully operational by late summer 2012, with the arrival of the AVE High Speed railway link being finalised in 2014. Finally, the Paramount Pictures theme park will be operational for the summer season of 2015. The combination of these projects- together with numerous other, smaller projects – have left a great feeling of optimism within the tourism sector and the regional economy as a whole, which is counting on Murcia’s rapid growth.

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Corvera International Airport The 0.75 Billion Corvera International airport, scheduled to open in April of 2012, is located 2kms outside the town of Corvera in the Region of Murcia. Recent investment in the region, notably the Paramount Theme Park Murcia Spa, which is located close by, and the Polaris World Golf resorts, have led to a significant improvements to the infrastructure leading to and from the airport. This includes additional motorways connecting the airport to the surrounding region and much anticipated connections to the national AVE high speed rail network. The Airport is situated less than 10 minutes from the La Isla de Condado Resort and 15 minutes from the site of the Paramount theme park. Original estimates were that the aiport would cater to 3 Million passengers per annum but with recent developments, regional authorities estimate that when fully operational, Corvera International Airport will cater for as many as 6 Million passengers every year. Whilst there has been a Military airport at nearby San Javier for many years, there have been plans to build a commercial facility on the newly aqcuired site at Corvera for some time. It was only as recently as 2007 that the project to build Corvera International Airport was finally approved and planning and construction work was able to commence. Unlike El Altet and San Javier airports, which are owned and operated by the Spanish Airports Authority - AENA - Corvera International airport will be owned and operated by the Region of Murcia, and as such will effectively be in competition with other airports. The Corvera Murcia International will serve all the airlines offering flights to the new Paramount Resort from its inception in 2015. *Map of airport in Comparison to Resort.