Country’s biggest tourism project awaiting approval
The Council of State, the country’s highest administrative court, is due to rule on a 418-million-euro investment plan, which, if approved, will pave the way for the biggest-ever tourism-related development in Greece.
The investment is called Kilada Hills, Kathimerini has learned, and it is for a 208-hectare luxury complex in Ermionida, a peninsula in the northeast Peloponnese. It will include 320 mansions, 100 villas and 28 summer homes, a 300-bed hotel, a spa and beach club, as well as a 77-hectare golf course.
The bulk of the property slated for development has been acquired by MindCompass Overseas Ltd, a subsidiary of Germany-based Dolphin Capital Investors.
