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18 Holes Golf Course & Club, 5 to 7 Star Hotel at Islamabad

Project Brief

Project

To enter in to a Joint Venture (JV) arrangement with Pakistan Golf Federation (PGF) and to develop
an international standards 18 Holes Golf Course & Club, and a 5 (Five) to 7 (Seven) Star Hotel on a
land size of 150 (One Hundred and Fifty) Acres and 25 (Twenty Five) Acres, respectively.

The cost of the Project is proposed at PKR 8 (Eight) Billion and PKR 4 (Four) Billion, respectively.
The actual on site cost is estimated at around PKR 5 (Five) Billion and PKR 4 (Four) Billion,
respectively. The duration of the Project’s development is set at 2 (Two) Years after signing of the
agreement with PGF and possession of the land.

Location

The land is located on Main Shakar Parrian Road, right opposite of the Star and Crescent
Monument, adjacent to the Pak-China Centre in Islamabad, Pakistan.

Status (Land)

The land is leased to PGF for a period of 20 (Twenty) Years and renewable for a total of next 60
(Sixty) Years. The land is available for immediate possession and start of developmental activities.

Status (Project)

K&N Group, the lead consortium partner, is the successful winner of the bid to enter in to a JV with
PGF and to develop the Project. As soon as the Financing Partner is on board and the Outgoing
Financing Partner (OFP) is replaced with the Incoming Financing Partner (IFP), the agreement with
PGF will be re-signed and the possession of the land will be awarded to start with the
developmental activities on site.

Proposal/Offer

We intend to take on-board/offer up to 40% (Forty Percent) Equity in the Project, to a credible and
capable IFP against an investment of Approx. PKR 550 (Five Hundred and Fifty) Million. The IFP
will have to show a Bank’s Reference/Comfort Letter of up to PKR 1 (One) Billion.

ANS Partners | +92.333.333.6867 | umairnaeemshafi@gmail.com

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Project Details

• 5-7 Star Hotel.

• 18 Holes Golf Course.
• A Club House for the Golf Course.
• Golf Training Academy.
• Guest Rooms x 80-100.
• Commercial Outlets/Shops x 40.
• Banquet Halls x 4.
• Restaurants x 2 (Fine Dining and BBQ/Continental Foods).
• Coffee Shop/Snack Bar.
• Gym.
• Swimming Pool.
• Auditorium.
• Cinema Screens x 2.

Bid Consortium

• K&N Group (Project Manager).

K&N Solutions (Private) Limited
• Petrosin Group (Project Sponsor).
OFP
• ANS Partners (Financial Arrangers & Commercial Activities Manager).
• Golfplan, USA (Golf Course Architecture).
• Red Inch, UAE (Developer).
• Studio Brusa Pasque, Italy (Interior Decorator).
• REV, France (Architect Consultant).
Maybe replaced with Tripod (Architect Consultant)

PGF Take

• 5% (Five Percent) of the Net Revenue for the first 6 (Six) Years.
• 15% (Fifteen Percent) of the Net Revenue for the remaining lease period.
• PKR 5,000,000/- (PKR Five Million only) rent to CDA for lease of the land per year.
• 100 (One Hundred) Free Golf Course & Club Memberships.
• 100 (One Hundred) Golf Course & Club Memberships at 50% Discount.

Project Revenue Streams

(One-time Fee Collection)

Golf Course & Club Joining Fee

Income from the Golf Course & Club Joining Fees is expected to be PKR 5,250,000,000/- on
the lower side with 2,000 (Two Thousand) Memberships sold at Avg. rate PKR 1,875,000/-
and PKR 15,000,000,000/- on the higher side with 5,000 (Five Thousand) Memberships sold
at Avg. rate PKR 3,000,000/-

ANS Partners | +92.333.333.6867 | umairnaeemshafi@gmail.com

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(Monthly Fees Collection)

Golf Course & Club Monthly Fees

Income from the Golf Course & Club Monthly Fees is expected to be PKR 14,000,000/- on
the lower side with 2,000 (Two Thousand) Memberships sold at Avg. Fee PKR 7,000/- per
month and PKR 35,000,000/- on the higher side with 5,000 (Five Thousand) Memberships
sold at Avg. Fee PKR 7,000/- per month.

Golf Training Academy Monthly Fees

Income from the Golf Training Academy Monthly Fees is expected to be PKR 6,250,000/-
on the lower side with 250 (Two Hundred and Fifty) Memberships sold at Avg. Fee PKR
25,000/- per month and PKR 12,500,000/- on the higher side with 500 (Five Hundred)
Memberships sold at Avg. Fee PKR 25,000/- per month.

Guest Rooms
Income from the Guest Rooms is expected to be PKR 15,000,000/- on the lower side with
50% (Fifty Percent) occupancy and PKR 30,000,000/- on the higher side with 100% (Hundred
Percent) occupancy.

Guest Rooms @ 100

Rent per Night @ PKR 10,000/-

Commercial Outlets
Income from the Commercial Outlets is expected to be PKR 2,000,000/- per month.

Commercial Outlets @ 40
Rent per Month @ PKR 50,000/-

Banquet Halls
Income from the Banquet Halls is expected to be Approx. PKR 5,000,000/- on the lower
side with 2 (Two) Halls and Approx. PKR 10,000,000/- on the higher side with 4 (Four) Halls.

Number of Functions @ 100 per Year.

Booking @ PKR 50,000/-
Heads per Function @ 750
Per Head Saving @ PKR 300/-

Restaurant (Fine Dining)

Income from the Fine Dining Restaurant is expected to be PKR 3,000,000/- per month.

Heads Served per Day @ 200

Per Head Saving @ PKR 500/-

Restaurant (BBQ)
Income from the BBQ Restaurant is expected to be PKR 5,250,000/- per month.

Heads Served per Day @ 700

Per Head Saving @ PKR 250/-

ANS Partners | +92.333.333.6867 | umairnaeemshafi@gmail.com

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Restaurant (Coffee Shop/Snack Bar)

Income from the Coffee Shop/Snack Bar is expected to be PKR 1,500,000/- per month.

Heads Served per Day @ 200

Per Head Saving @ PKR 250/-

Cinema Screens
Income from the Cinema Screens is expected to be PKR 9,000,000/- on the lower side/Avg.
with 50% (Fifty Percent) occupancy and PKR 18,000,000/- on the higher side with 100%
(Hundred Percent) occupancy.

Screens @ 2
Seats @ 1,000
Saving per Seat @ PKR 200/-
Shows per Day @ 3

Total income from the Project is expected to be Approx. PKR 70,000,000/- (PKR Seventy Million
only) on the lower side and PKR 120,000,000/- (PKR One Hundred and Twenty Million only) on the
higher side per month.

Way Forward

As soon as we reach consensus to invest in the Project: A Letter of Interest (LOI) will be written in
favor of PGF (Draft available on request) by the IFP. On receipt of the LOI, PGF will call for a
meeting between all stake holders. Once PGF has approved the IFP, IFP will be included in the
Project Company (PC). The PC will then enter in to an agreement with PGF and subsequently take
possession of the land. Project developmental activities will start immediately upon possession of
the land.

Please feel free to discuss further any matter related. Will be glad to respond.

Thanking you in anticipation.

Sincerely,

Muhammad Umair Naeem Shafi

Managing Partner ANS Partners

+92.333.333.6867 & +92.301.85.69.234

umairnaeemshafi@gmail.com

ANS Partners | +92.333.333.6867 | umairnaeemshafi@gmail.com