Mykonos: The Arabs of "Asteras" are building Nea Chora in Ano Mera

Mykonos: The Arabs of "Astera" Hotel of Athens, are building Nea Chora in Ano Mera

Green light from the Goverment for a luxury complex in Ano Mera – It will be a copy of Mykonos Town known as Chora, and will have a marina, cable car and theater, while the trips will be with small electric cars.
“Yes” said the Council of State in the implementation of a hotel investment of 50.85 million euros in the unstructured area of ​​Karapetis of Ano Mera Mykonos, which is located on the east side of the peninsula and separates the famous beaches Elia and Kalo Livadi, while at the same time is four more similar investment proposals for the Island of the Winds are pending.

The hotel investment (five stars) is made by the Arab interests consortium AGC Equity Partners, with the code name “The Mykonos Project”. The AGC Equity Partners are based on two powerful funds, Abu Dhabi and Kuwait, but also on strong families in the Middle East. The company first appeared in Greece in 2013, when it bought “Asteras” Vouliagmeni for about 600 million euros.


The investment project for Ano Mera concerns the construction of a hotel unit with a capacity of 192 beds with accompanying sports facilities, health rooms (spa), swimming pool, cable car, outdoor theater, shops, kids club, Greek cafe, tavern, restaurants, small boats of 300 sq.m., etc., in an area of ​​60,324 acres, which in fact does not yet have road access. In particular, it is planned to build 65 houses of one room with an area of ​​45-50 sq.m., 15 houses of 70 sq.m., 9 houses of two rooms of 100 sq.m., 5 houses of two rooms of 130 sq.m. and a villa of 160 sq.m.

The connection of the rooms with each other, but also with the other spaces (restaurants, etc.), will be similar to that of Chora of Mykonos, that is, it will be done through small alleys, made of stone slabs, through which they will pass, pedestrians and small electric vehicles, while a larger road will end up in the marina.

The total area consists of 13 smaller consecutive and adjacent plots, for which in the third ten days of 2018 a pre-sale agreement was signed with AGC Equity Partners.

The plan follows the existing traditional constraints of construction and coverage of Mykonos and the whole complex can not exceed 7,921 sq.m. in construction and 5,281 sq.m. in coverage (maximum allowable coverage 10%). Only 2-storey buildings are allowed and their height cannot exceed 7.5 m for two-storey buildings and 4.5 m for single-storey buildings.

The coastline of the area includes two sandy beaches, one is 40-50 m long and 4-6 m wide and the other is 40-70 m long and 16-20 m wide.
There is also an internal network for pedestrians, and there will be small electric vehicles to serve both customers and employees of the complex.

The investment aims to create a comprehensive tourist complex of high quality and aesthetics, perfectly harmonized with the very natural and man-made characteristics of Mykonos, which will upgrade the island and will be a model for future investments. At the same time, it will provide its visitors with all those amenities and services that are considered ideal for guests with high economic and social levels.

The decision of the Council of State

With the strategic investment process,  was approved to the Council of State for the approval of the Special Plan for Development of the Strategic Investment under the name “Tourism Development in Mykonos”,  at Karapetis, in the Municipal Community of Ano Mera, Municipality of Mykonos, of the South Aegean Region “.

Strategic investments, according to the legislation (Law 3894/2010), “bring quantitative and qualitative results of significant intensity in the overall national economy and promote the country’s exit from the economic crisis.”

Thus, the investment plan “Tourist Development in Mykonos”, with the implementation company AGC Equity Partners, as a strategic investment based on the opinion of the Hellenic Investment and Foreign Trade Company SA from 31.1.2019, was subject to the strategic investment procedures.

Source 10/05/2020 PROTO THEMA

Billionaire Reuben Brothers acquire La Residence hotel in Mykonos

The hotel will undergo extensive refurbishment at the end of the summer season 2020

The Reuben Brothers, the British billionaire philanthropists, have acquired La Residence hotel in Kalafatis Bay, Mykonos in Greece, a 30-room luxury boutique hotel as part of their continued strategy of investing in premium hotel assets in key European destinations. The costs of the deal has so far not been disclosed.

Under Reuben ownership, the hotel will undergo extensive refurbishment at the end of the summer season 2020, in order to maximise its potential as the preferred choice for discerning hotel guests visiting Mykonos. Jamie Reuben, a principal at Reuben Brothers said: “Following hot on the heels of our recent hotel site acquisition in Rome in October, we now add to our growing global hotel portfolio with this new acquisition.”

ykonos’ popularity has grown exponentially in recent years and the island is now firmly established as a highly desirable visitor destination for travellers from all over the world, looking to experience the spectacular beauty of the Greek islands. The hotel is ideally positioned to provide guests with an exceptional experience during their visit to Mykonos.

The choice of Mykonos is not accidental, as last year the island recorded the highest rise in passenger traffic from the 14 regional airports operated by Fraport, reaching + 8.9% with 1.52 million passengers.

In addition, it ranks first, along with Santorini, in terms of hotel visitor satisfaction for 2019 in the so-called Mediterranean “premium” destinations with competing destinations in Sardinia, St. Tropez and Ibiza.

Source: PROTO THEMA  24.01.2020

La Residence Mykonos

Monopoly in Mykonos - Dance of millions with real estate-fillets that change hands


The sale of the property of the “Hakkasan” restaurant, the agreement with “Coya” and the sell out of Mr. Papalekas change the real estate in the island.

Dance of millions was set up in Mykonos with big deals for high value properties such as the old tavern of “Philippi” in Matogiannia that housed “Hakkasan” and soon the “Coya”, but also the buildings-fillets of “Nammos” in Psarou and brand’s stocks.

The first was sold to Zannis Francesco, for whom Petros Stathis is said to have mediated, while the properties of “Nammos” that Giannis Papalekas had bought, apparently, ended up in a German fund for 45 million euros.

According to the latest news, however, Messrs. Francesco and Sami Ibrahim regained the percentage of the “Nammos” brand that Mr. Papalekas had acquired last year, giving an amount that has not yet been announced.

Agreements have been closed in recent weeks and Mr Francesco and Mr Ibrahim have every reason to be happy with the latest developments in their business, in the most unpredictable, true season for the island.

In the purchase of the building , the business duo of “Nammos” appears that gain the msot of the case, since they will receive about 300,000 euros rental each season from the emblematic property that will soon open as “Coya”.

“Coya” is the chain of famous restaurants of the Dogus group that until now existed in London, Abu Dhabi, Monte Carlo and Paris.

“Coya” is now based in Mykonos and its opening is scheduled for June 18 with a strong guest list from Greece and abroad.

Source: PROTO THEMA  14.06. 2020

Nammos Mykonos

Villas for Sale in Greece

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