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| Tomas Novak of TNI Group, a real estate and investment group at the marcus evans European Pensions & Investments Summit 2015, talks about the gap in the entertainment industry in Europe. |
LONDON, Apr 15, 2015 - (ACN Newswire) - "Amusement parks in Europe generate annual revenues of EUR 5 billion, with almost 150 million visitors a year. The business grows ten percent and more per annum. However, in Central and Eastern Europe there is a notable absence of reputable amusement theme parks," says Tomas Novak, Chairman & Chief Executive Officer, TNI Group. "We picked locations the proximity of which will attract many visitors from the region. As we are building and expanding a well-tested concept in the Czech Republic, we are offering prospective investors an attractive opportunity to profit from this gap in the market," he adds.
TNI Group is a Czech-based real estate and investment group attending the marcus evans European Pensions & Investments Summit 2015, taking place in Montreux, Switzerland, 8 - 10 June.
- How is TNI Group planning to enter the entertainment industry and why?
I have been studying this sector for more than five years, and decided to be a part of it. We are planning to build the first proper family entertainment theme park in the Czech Republic, called Mayaland. Based on a very successful concept in Western Europe, we will build something amazing, something that does not exist back home. We mapped the market and we are now all set to start and to expand gradually. As a member we also use cooperation, support and sources of the IAAPA - the International Association of Amusement Parks and Attractions.
- Why the Czech Republic? What potential does it offer to investors?
This kind of entertainment is very popular in Europe, and it keeps growing every year. At the same time, and surprisingly so, it is completely missing in the Czech Republic. We are considering to set up a privately-held investment vehicle to finance leisure and entertainment activities.
Our goal is to bring well-established, reputable and profitable projects to the Czech Republic and the region. We know what potential this region offers. At the crossroads of Eastern and Western Europe, the Czech Republic can attract visitors from Slovakia, Poland, Hungary, Germany and Austria. People make an effort and travel abroad to visit amusement parks regularly. We want to bring these enjoyable attractions closer to their homes. And we want to do it profitably.
We have established a special purpose vehicle for this project and invested EUR 5.5 million in the project preparation phase. Negotiations have been under way for several prospective sites in the Czech Republic and we have already contracted some of them. The local authorities have declared their support as well.
We expect the project to open in 2016, with 300,000 visitors annually. As an indoor concept, we will be able to operate throughout the year, tailoring the experience to all major holidays and seasons, of course.
We would like to partner with an investor who would share our passion to build something new in Central Europe. We are confident that our business plan is very solid. Our calculations, based on international benchmarking, show that the payback period for investors is expected to be five years.
- What is the concept behind the park? Why do you think it will be successful?
We decided to implement an existing successful and profitable concept by franchising Plopsa's model. A subsidiary of the Belgian entertainment company Studio 100, Plopsa owns the license of Maya the Bee stories (broadcasted in 160 countries around the world) and is a well-known brand globally. Plopsa owns and operates five theme parks in Belgium, the Netherlands and Germany, with 2.6 million visitors per year.
Plopsa gives us the guarantee by their share participation of 15 percent, to provide management and operation support. We expect the model to succeed in the Czech Republic the same way it did in other countries.
About the European Pensions & Investments Summit 2015
The 15th annual European Pensions & Investments Summit is the ultimate meeting point, bringing elite buyers and sellers together. The Summit offers regional pension investors and international fund managers and consultants an intimate environment for focused discussion of the key new drivers shaping institutional asset allocations. Taking place at the Fairmont Le Montreux Palace, Montreux, Switzerland, 8 - 10 June 2015, the Summit includes presentations on capturing attractively valued investments, increasing fund resilience, tail risk management and making responsible investing a reality.
For more information please send an email to press@marcusevanscy.com or visit the event website at www.epi-summit.com/TomasNovakInterview
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About TNI Group
TNI Group is a Czech-based real estate and investment group with more than 20 years track record on the Czech market. Business activities are mainly focused on retail segment, primarily services in the leisure and entertainment area, and also residential projects. With total asset exceeding EUR 13 million, the Group operates in the Czech Republic and United States. www.tnigroup.cz.
Contact:
Sarin Kouyoumdjian-Gurunlian,
Press Manager, marcus evans, Summits Division
Tel: +357 22 849 313
Email: press@marcusevanscy.com
Topic: Trade Show or Conference
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
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