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hospitality Market News: Greek Real Estate Intelligence

What next with the mega-residential project of Hines-Henderson in south Attica
The mega investment in Voula, south Attica, was put into consultation in mid-February by Enterprise Greece. The consultation went into force in order for the file to be submitted to the Interministerial Committee for Strategic Investments and to be approved as a strategic investment. The consultation was open for comment until March 4th. The project has a budget of €136 m and will be developed in a total area of ​​approximately 71,000 square meters. Local entities such as the Municipality, have reacted to the building conditions, seeking restrictions on construction in the wider area or suspension of licenses. The area is more widely known as Koniari Estates. It was bequeathed many decades ago to the Benaki Museum, and last year it was purchased Hines-Henderson. The project follows the existing spatial - urban planning framework and will be developed in 3 phases. In total it will include 250-350 apartments and houses, as well as gyms, swimming pools, playgrounds, security and underground parking. Original Source: Insider.gr VoulAdaptation/Summary: Kiki Athanasiadis
 
Seaside villa in Lagonissi sold to Saudi tycoon for €12 m
One of the wealthiest Saudis, whose name has not yet been revealed, is the new owner of a seaside villa in Lagonisi, Attica. The property, that belonged to the shipowner Evangelos Pistiolis, was sold through a RE agency in London, for €12 m. The property of 1,000 sqm is located on a plot of 7 square km. It has a huge living room with high ceilings, 7 bedrooms with wooden floors, fully equipped kitchen and gym with Turkish bath. In the surrounding area there is a swimming pool, a small church, a fully equipped barbecue, a dining room with a marble counter and a separate utility building with two bedrooms. The story of the villa is also impressive. It belonged to Aristotle Onassis's sister, Kallirroi Patronikola. Some years ago, Kallirroi’s only daughter decided to sell it. She turned to her lawyers, who put up the property for sale through a real estate agency abroad. Evangelos Pistiolis bought the villa and renovated it into a modern holiday home. He then put it up for sale. In 2018 he assigned the sale to a large real estate agency in London for the price of €15 m. Until a few weeks ago and during the last two years, one could rent the villa through Airbnb for of €2500 per day, or €3,000 per day during the summer. Original Source: Protothema.gr Adaptation/Summary: Kiki Athanasiadis  
 
4* Hotel in  Magganos, Kefalonia going to  an auction
The auctioned property concerns a 4* hotel with a total area of 1,761.28 sq.m. The hotel is built on a plot of  2,000.34 sq.m. The hotel comprises 6 different building featuring 11 operating rooms (26 beds) plus another 11 rooms semi completed, an indoor dining area, a hair salon, reception, lobby, kitchen, bar and breakfast area, served by lift apart from the stairs. The extra semi-completed building is in a “cold-shell” level of completion. The hotel has 11 rooms, including 2 suites, 6 double and 3 triple rooms. Each room has A/C, heating system, sea views and internet access. There is also a swimming pool, bar and restaurant on site. The extra 11 pending rooms will allow for 1 more suite and ten rooms of several types. The reserve price for the auctioned property is €1,286,000. You can see more info HERE.