Work is underway to transform Skorpios, the legendary island of Onassis, into a global luxury tourist resort…
Its new owner, Russian billionaire Dmitry Rybolovlev, has already invested over 400 million euros in the island. The modified plan for the creation of a VIP exclusive club unit, launched by the Russian tycoon, with the aim of attracting VIP travelers from all over the world, foresees a significant increase and spatial redistribution of the total construction in the approved building units of the investment, with an initial budget of 165 million euros.
In its publication, elxis.com reminds that the company developing the island is Mykines SA, which recently requested building permits from the government. Architecture firm Snøhetta from Norway made the plans for the island resort. The same firm is known for designing the Library of Alexandria in Egypt, Europe’s first underwater restaurant and the headquarters of Le Monde in Paris.
“The project is expected to create more than 100 new jobs, according to a press release from the Greek Ministry of Tourism, Development and Investments, which approved the development. When completed, the island will include a spa, villas, a sports field, a farm, a vineyard, a helipad and a dock for large yachts,” the publication said.
The project called “VIP Exclusive Club” was approved in December 2020 by the Greek government and is scheduled to be completed by 2024.
How much will it cost to stay in Skorpios?
The resort will be available to rent on a weekly basis for over €1 million and the island will not allow more than 50 guests at a time.
Elxis says it will have high security, guarded by snipers and cameras for maximum security. The Dmitry Rybolovlev family will use the island for their personal enjoyment for some time of the year and rent it out the rest of the year.
According to the Wall Street Journal, Onassis bought the island in 1963 for 3.5 million drachmas (today, about 13,000 euros) and brought thousands of trees and rare plants to organize his glamorous parties in Scorpio.
What does the investment provide?
It is recalled that the Russian tycoon bought Scorpio from Athena Onassis in 2013, with the aim of transforming it into an ultra-luxurious tourist resort, which will attract the world’s tourism elite.
Latest News
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis