Dolphin Capital Investors has secured the required building permits for the construction of the Kilada Hills tourist resort in the Argolis area in Greece.
On Friday 1 November, the Greek Minister of Development and Investment, Adonis Georgiadis, attended a special event for the signing of the first building license. Georgiadis explained that a new regulatory framework on building licenses for strategic investments will be issued by his ministry and noted that the investment was licensed in just three months (since New Democracy took power) after being blocked for years.
Killada Hills is a €420 million project that will be implemented in two phases. The first phase consists of Greece’s first 18-hole golf course in Greece designed by Jack Nicklaus, along with luxury resort homes, a Beach Club and a modern Golf Club for its members. The second phase comprises the development of a five-star hotel designed by the famous architect Jean-Michel Gathy, along with sport and leisure facilities and luxury resort homes. The whole project will cover an area of 235 hectares.
This is the first development in Europe for Dolphin’s partner in this investment, Kerzner International Holdings Limited. A part of the project investment will come from the agreement signed with Grivalia Hospitality S.A., Grivalia’s tourism investment platform.
NavInvest Greece supports hotel and tourism accommodation investments in Greece, and has extensive experience in due diligence on tourism and property investments. Please contact us for more information relating to hotel and property investments in Greece.
Photo (c) Kathimerini Greece
Sources:
Kathimerini Greece, 19 July 2019
Kathimerini Greece, 1 November 2019