Tourism Investments & Real Estate

The deadline for the submission of expressions of interest in the tender launched for the privatization of Greece’s regional airports is expected to be extended until the end of July.

The Hellenic Republic Asset Development Fund (TAIPED) recently launched an international tender to select a bidder for a seaside property located in the “Sampariza” area in Thermissia, Argolida.

The international jet-set appeal of Mykonos has helped the island escape some of Greece’s economic woes, according to a recent article in the New York Times referring to the real estate market on the Cycladic island.

A series of hotel investments are expected to take place in Halkidiki, Greece, which will give the destination great added value, improve its competitiveness and strengthen the local economy and job market.

A second hotel has been added to the portfolio of the new luxury resort group created by the cooperation of Oaktree Capital Management and Greek group Sani SA.

A tender for the construction and management of a new airport on Crete in Kasteli, Heraklion, for a period of 35 years was launched on 15 May by the Greek Government.

Nikki Beach Hotels & Resorts, a luxury lifestyle hotel management company, will open its newest resort in Porto Heli, Greece, in June 2014.

The Emir of Qatar Sheikh Hamad bin Khalifa Al Thani is planning a major tourism development project in Greece that will include a five-star hotel, a boutique hotel, two villages, beach bungalows, restaurants, bars, coffee shops, a shopping zone, sports facilities, marinas and a heliport.

The Municipality of Athens has launched a center to support and promote entrepreneurship and boost investments in the Greek capital.

The Public Properties Company (ETAD) announced the initiation of an open international tender process for the 15-year leasing of Vouliagmeni Beach in Athens.