VIDRA RESIDENTIAL PROJECT - project presentation-

BUCHAREST - NEW METROPOLITAN AREA Bucharest is continuously expanding by incorporating the surrounding areas:

BUCHAREST - NEW METROPOLITAN AREA In five years, Bucharest could have opening to the Danube. Under the project, the BucharestIlfov region will develop in three stages, followed by the inclusion of the municipality of Oltenita and communes from Dambovita, and Giurgiu by 2016. In the first phase Bucharest will merge with Ilfov County. We will have 48 administrative units on an area of 2,800 square kilometers, ten times more than now. In the second stage we will have 62 locations and an area of 3,800 square Km. Over a five years period, Bucharest-Ilfov area will be 5,600 square kilometers and the borders from the south part will go to the Danube. The first phase will be made by law, followed by the other two stages which will be made on the principle of associability of the administrative territory units, "deputy project Gerasim stated to us. He also stated that PDL would want the 2012 local and parliamentary elections to be made after the new administrative territorial organization as in eight constituencies, instead of 42 which are now. After approving the draft law on regionalization, for the Bucharest- IFOV Metropolis will follow the law and a special law for capital Gandul Journal, June 12th, 2011

BUCHAREST - NEW METROPOLITAN AREA After the draft of law regionalism will be approved by Parliament, will be completed in a few months a new General Urban Plan (PUG) for the entire region Bucharest-Ilfov; In Metropolis draft, the General Council of Bucharest will be replaced by Metropolitan Area Council. According to the creator of this project, "the number could reach 105 advisers, compared to 55 as they are now. Each territorial administrative unit will be represented by a counsel.

WHY VIDRA THE FUTURE OF BUCHAREST IS IN SOUTH Vidra is located in the southern side of Bucharest, at 10.5 miles from downtown, also known as kilometer 0 - Bucharest City Center and at 8 miles from the boundary, having a strategic location in the New Metropolitan Area. Vidra has an easy access from Sudului Square at only 20 minutes drive from Unirii Square (City Center) and 10 minutes from the Metro station.

THE FUTURE OF THE SOUTH OF BUCHAREST The Government s declared intention is to allocate more resources towards developing the south of Bucharest. In addition, the majority of industrial sites within the City perimeter are now moved outside, mainly in this area. A low cost airport will be built in south, at 5 miles from Vidra; The second ring road for Bucharest will link Vidra with the main existing motorways; The current logistic link to Southern Europe is around 5 miles from Vidra; The biggest hotel in Europe is in the south of Bucharest (over 1500 rooms), at 6 miles from Vidra (Rin Grand Hotel); The biggest Hospital in Bucharest will be built also in south of Bucharest (in the same area with the hotel); The main supermarkets are also in south: Carrefour, Metro, Praktiker etc A Metro Station (end-line for Bucharest Metro) is located at only 13 kilometers from Vidra There are busses connecting Vidra and surrounding communes from Bucharest

VIDRA PROJECT- DEVELOPMENT

VIDRA- PROJECT COMPONENTS Vidra Project is the first gated community from Vidra that introduces the complete life style that is offered by a real residential compound, offering commercial area, food court, sports center, kinder garden available for the residents but not only. Project Components: Individual villas: 87 units Semi- detached villas: 100 units Commercial Center: 3 875 sq m Sports center: 800 sq m Kinder- garden: 1 100 sq m

VIDRA PROJECT- COMERCIAL CENTER The total surface of the commercial Center will be 3 875 sq m, as follows: Ground- floor, 575 sq m Basement (parking), 780 sq m 1st,2nd floor, 860 sq m 3rd floor (food court), 470 sq m

VIDRA PROJECT- COMERCIAL CENTER Underground Parking Ground floor supermarket

VIDRA PROJECT- COMERCIAL CENTER 1st and 2nd floor layout Food Court (3rd floor)

VIDRA PROJECT- SPORTS CENTER The sports area will comprise: An 800 sq m Fitness Club One Pool One tennis court

VIDRA PROJECT- SPORTS CENTER Ground floor+ First floor layout

VIDRA PROJECT- KINDER GARDEN Aria Serena kinder- Garden will have a total surface of 1 100 sq m with a covered interior garden and an exterior garden. Kinder- Garden 931 sq m After- school area 72, 21 sq m

VIDRA PROJECT- KINDER GARDEN Kinder- garden layout: Ground- floor view with the interior garden

MASTER- PLAN PLOT 2, Semi Detached Villas Semi- detached villas- 250 sq m garden (each villa) Height: G+1 Number of units: 100

TWO AND THREE BEDROOMS SEMI- DETACHED VILLAS

HOUSE LAYOUT

MASTER PLAN PLOT 1, Individual Villas Individual villas: 31 817, 52 sq m Green area: 4 940, 6 sq m Infrastructure: 9 443, 88 sq m Number of units: 87

HOUSE LAYOUT Detached villas, street view:

HOUSE LAYOUT Detached villas, garden view:

HOUSE LAYOUT, INDIVIDUAL VILLAS Individual villa,groundfloor plan Surface: 94, 2 sq m

HOUSE LAYOUT, INDIVIDUAL VILLAS Individual villa, first- floor plan Surface: 90 sq m

HOUSE LAYOUT, INDIVIDUAL VILLAS

HOUSE LAYOUT, INDIVIDUAL VILLAS Individual villa Total Surface (G+1): 180, 2 sqm Plot surface: 500 sq m

VIDRA PROJECT- THE RIGHT INVESTMENT There is a clear shift from forced behavior to lifestyle driven behavior of people that were forced to move from their own houses to the communist block of flats. The trend is now reversed towards old cultural habits. The townhouse concept has been chosen for the following reasons: Price-friendly for the buyers (emerging affluent end-users) and growth potential for the investors; Cost effectiveness of the project; Uniqueness of the gated community concept for the low to middle class population; Possibility to offer the benefits of a gated community (large inside roads, promenade plazas and walking alleys, playgrounds and day-care center, in a designed landscape), for an affordable price.

SEMI DETACHED VILLAS- OFFER Type of Property Two Bedroom Townhouse Three Bedroom Town- house Plot area (sq m) 250 250 Built Up area (sq m) 125 150 Foot print (sq m) 65 75

INDIVIDUAL VILLAS- OFFER Type of Property Two Bedroom House Three Bedroom House Plot area (sq m) 500 750 Built Up area (sq m) 184.2 210 Foot print (sq m) 94.2 100.5

RESIDENTIAL COMPOUNDS IN VIDRA (MAMINA RESIDENTIAL) Is a residential compound with 53 villas. The residential compound Mamina Residence was finalized in 2007 and has medium to low end finishing. Despite its poor outcome Mamina was a success in the area and all the houses were sold within a few month at an approximate price of 120 000 Euro/ unit The houses from Mamina Residential have an useful area of 100 to 140 sqm, with a plot of 175 to 350 sqm In 2011 there were adds for sale in Mamina Residential at a price range of 130 000-155 000 Euro but no evidence that transactions were actually made.

RESIDENTIAL COMPOUNDS IN VIDRA (MAMINA RESIDENTIAL)

RESIDENTIAL COMPOUNDS IN VIDRA (DEALUL VERDE) Dealul Verde is a residential gated community from Vidra that is currently under development The gated community concept is adapted as there is no security, no retail area or any other facility that the residents could use It is being developed in two stages: 1st will comprise 100 villas, was launched in 2009 and has to be complete by the end of 2011 and the second stage will start in 2011 The sales strategy is divided in two, having the option to buy a plot and develop the house separately from the developer or buy a completed villa The price for a constructible plot is 40 Euro/sqm + 2 600 Euro for the connection to electricity and sewerage system The price for houses starts from 40 000 Euro + 5% VAT for a 56 sqm villa (constructed area) up to 74 000 Euro + 5% VAT for a 113 sqm villa (constructed area)- The compound does not have success on the current market, only few villas being sold and more plots.

RESIDENTIAL COMPOUNDS IN VIDRA (DEALUL VERDE)