The peninsula of Hermione (Ermioni) along the eastern coast of the Peloponnese province is evolving into a Grecian version of the Côte d’Azur with foreign funds and investors from around the world, along with local developers, focusing on luxury property investments.
A few kilometers away from the harbor town of Hermione and very close to Hydra Beach, operated by the Spanish group Barceló Hotels & Resorts, the tourism investment Hydra’s Art Residencies received approval under a fast-track law for “strategic investments”. The plan involves the creation of thematic and sustainable holiday units, which will include a hotel complex and supporting facilities, a convention center, two zones of vacation residences with a total of 229 villas, spaces for art, culture, recreation and sports, as well as a marina for 40 pleasure craft.
Another tourism investment in the same wider area is the Scarlet Beach Hotel, with Scarlet Beach S.A. as the investing entity. The property, spanning 234 acres, is one of Sheikh Tahnoun bin Zayed Al Nahyan’s first investments in Greece. The residences in the complex, to be completed by 2026, will bear the Waldorf Astoria by Hilton brand. The investment plan includes the creation of a 5-star hotel complex, 15 villas, a conference center, spa, gym and restaurants.
At the same time, the Hermione peninsula has attracted the InterContinental, which will introduce its Six Senses brand. The 5-star Six Senses Porto Heli is set to open in 2026 and will feature approximately 60 rooms and suites, along with a villa. Additionally, there will be 10 branded residences for sale, as well as spa, gym, restaurants, boat docks and even an organic vegetable garden.
Billionaire Paul Coulson is planning to develop a complex of a 5-star tourist accommodation and 10 luxury residences in upscale Porto Heli, with a total value exceeding 250 million euros.
Finally, Goutos Construction S.A., controlled by the Goutos family, has submitted the sole binding offer for a property at the Ververonda site, also in Porto Heli.
Source: tovima.com
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
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.