ECONOMY

Kilada Hills luxury resort gets Council of State green light

Kilada Hills, a tourism investment by the Dolphin Capital Investors (DCI) group, has entered the final stretch following the Council of State’s approval of the project’s special zoning plan. All that’s left now is the issue of the building permit for the development in the region of Ermionida, in the eastern Peloponnese. To begin with, the luxury resort will comprise villas, a hotel and a golf course.

This new complex constitutes an investment totaling 418 million euros, to be developed across a plot of 2.1 square kilometers by Mind Compass Overseas Ltd, a company controlled by DCI. The investment has gone through the fast-track investment system as it is considered to be of a strategic nature.

In total, the plan provides for the development of a super-lux Chedi hotel unit with 300 beds and a surface area of 29,150 square meters, along with a golf course that will cover 768,000 sq.m. More emphasis will be placed on the construction of luxury holiday accommodation as the plan includes the building of 320 manor houses, 100 villas and 28 houses.

According to the zoning plan approved, a total surface area of 178,428 sq.m. of accommodation will be built, while the rest of the resort’s installations will add up to a surface area of 207,578 sq.m. The Council of State, the country’s highest administrative court, also dictated that DCI will have to protect and highlight the archaeological site of the Franchthi Cave, located near the planned golf course.

Kilada Hills is expected to complement the investment activity of DCI in the broader region, under the umbrella of the Porto Heli Collection. It all started in August 2012 with the opening of the luxurious Amanzoe complex in the area, whose villas are still available for purchase. That was followed in August 2014 by the launch of the Nikki Beach Resort & Spa in Porto Heli.