1. Ministry of Roads and Urban Development Urban Development & Revitalization Corporation of Iran (Holding) December 2015 1

2. About Minister of Roads and Urban Development  Minister of Roads and Urban Development as a technical organization, administration and management of the Ministry of Roads and Urban Development with the mission and achieve sustainable city and urban revitalization partnership was established in 1997. The company's approach:  State and municipal support in facilitating the implementation of development projects and urban renewal in various ways, including discounts, facilities& …  The development of tourism industry By ancient and valuable history of our country being in the country of cultural wealth

3. Shanbadi Residential & Cultural center (Bushehr, Iran) 3

4. Concept  A boutique hotel, in historical texture of Bushehr, in Shanbadi district  Residential, Cultural and relevant retailing  Close to harbour, Historical Bazaar and old city center

5. Location

6. Bushehr  Total area: 1771 Km2  Population: about 200,000  Civilized since: 5 A.D New habitation since: 300 years ago  During 18s and 19s: The most important merchandising port in southern Iran, home to foreign consulates  Today’s function: merchandising, fishing and Iran’s nuclear power plant  Available via: Air, Sea and Roads.

7. Attractions of Bushehr  Leisure & Ecotourism:  Beautiful sand beach  Moderate autumns and winters  Mineral water springs  Numerous islands around  Unique natural ponds  Special tropical flora  Historical buildings and monuments  Local life & culture

8. Attractions of Bushehr  Historical texture of Bushehr:  38 Ha area, contains more than 900 valuable local buildings  Tens of mosques, churches, synagogues &....  Old consulates of UK, Prussia and Russia  Traditional Bazaar along the main streets (Both shopping and sightseeing)  All the seashore line of old Bushehr is registered as Iran’s national heritage

9.  Northern (Oldest Historical) part of Bushehr  Inside “Shanbadi” district  Adjacent to harbour & Custom services from east  Adjacent to the sea, from north  Connecting to old Bazaar through east and south  Connecting to a main street from west  Harbour  Shanbadi  Project’s borders Project’s location in the city 9 خیابان انقلاب

10. Project with respect to the Harbour Project’s Location 10

11. Shanbadi Project  Helping the city historical part to be revitalised  Making high-quality places to absorb different people  Producing economic value based on the texture’s potential  Making social life centers in the texture  Constructing something in accordance to the texture’s specifications Shanbadi Project: Goals and Musts 11

12. 12 چشم انداز آینده شهر Bushehr Master plan Historical part: Mixed Residential, Cultural, Tourism, Hotels Retails and Shopping Sea side Tourism

13.  Boutique Hotel: Hotels often containing specific and exclusive architecture or artistic design, usually built inside a historic place  They are tourist destination by themselves, not by other attractions.  Their attraction stems from their architecture, materials or History behind them.  Their capacity rarely exceeds 50 rooms.  They are not supposed to be luxury. Shanbadi: a boutique hotel 13

14. Proposed concept: a residential & cultural complex Project’s outline  3 floors  Total land area: 3770 M2 (all owned by IUDRC by now)  Gross building area: 7737 M2  Functions:  60 rooms boutique hotel  Restaurant and Coffee shop  Amphitheatre  Cultural products shops  Parking (underground)

15. 15  GBA & GLA on floors: Project’s outline

16. 16 Project’s 3D views View from east:

17. 17 Project’s 3D views View from west:

18. 18 Project’s 3D views View from south:

19. Coffee shops: Retails: 19

20. Rooms, Yards and corridors: 20

21. 21 Financial Assessment  Basic Assumptions:  Construction period: 36 months  GBA cost of construction: $600 per M2, for GF and above $500 for underground and installations  Legal licenses: only $66,000.  GLA price: Commercial: $2,000 per M2 Office: $1,700 per M2 Cultural: $1,200 per M2 Restaurants & coffee-shops: $1,300 per M2 Hotel: Totally $M4.8. All the land has been acquired legally, in the price $300 per M2 No land preparation costs needed 1 US Dollar = 30,000 Rials

22. 22 Financial Assessment  Major results (fixed 2015 prices):  Total construction costs: $M 4.57  Total fixed investment costs: $M 5.77  PV of Total fixed investment costs: $M 4.3  Total revenues from all properties sold: $M 10.01  PV of Total revenues from properties sold: $M 5.2  IRR: 21%  NPV at 10% discount rate: M$ 0.89  PI: 121 %  Simple Payback Period: 3.5 years  Discounted Payback Period: 4.5 Years

23. Benefits of Investment  Very low legal licenses costs  Low rate bank loans:  12% for tourism investment plans.  While bank loans rates are usually above 22% in Iran!  The first boutique hotel in Bushehr, and all southern coast of Iran.