We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Investment Minister: “We privatize everything,” Greece turns into “hot spot for investors”
https://www.keeptalkinggreece.com/2019/12/11/greece-georgiadis-privatizations-us-investors-hotspot/
Development and Investment Minister, Adonis Georgiadis, publicly admitted that the government of New Democracy intends to privatize everything in Greece. Speaking at Capital Link’s 21st Annual Forum on Investing in Greece, the Minister did not leave room for misinterpretation. He assured the audience, US investors, that the government’s sole aim is to privatize everything.
What Minoan has secured in Crete
The project site is the Cavo Sidero peninsula in north-eastern Crete, and comprises more than
22,000 stremmata (about 5,500 acres). It has 28 kilometres of Mediterranean 2coastline,
numerous secluded bays and inlets as well as an interior with rolling hills where herbs such
as thyme and marjoram are part of the natural vegetation. It surrounds the famous Vai palm
forest and beach, the only one in Europe and a major tourist lure.
The new plan which has now been signed into law by the PD, has upped the ante in terms of quality. The entire project will be built and operated to five star or six star standard, and will consist of small and medium sized hotels (including two flagship hotels) and residential units, the residential units all being served by the hotels.
Never say never!!
Kilada Hills is at a more mature stage with Develop Minister Adonis Georgiadis scheduled to sign the construction permit on Friday for an 18 hole golf course to be included in the resort. The rest of the permits are expected to be cleared in coming days. Budgeted at 420 million euros, Kilada Hills will be built by investor Dolphin Capital Partners on a 220-hectare site that will also include a 100 room hotel, villas, and residencies, sports facilities, and stores. Real estate agents, such as Sotheby's, have already started promoting the sale of luxury villas at Kilada Hills. As an indication of the prices they sell for, an 800 square meter luxury villa with two bedrooms and four bathrooms is going for 2.5 million euros or 3,125 euros per square meter.
There is more good news that change is on its way:
After a decade of delays, Greece moves along hotel investments worth 850 mln euros:
https://www.businessdaily.gr/english-edition/3978_after-decade-delays-greece-moves-along-hotel-investments-worth-850-mln-euros
Greece is pushing ahead with two luxury tourism investments in Crete and the Peloponnese, worth some 850 million euros, that have been caught up in red tape for more than ten years. Permits are being issued for the Kilada Hills resort, an investment located in the eastern Peloponnese' Argolida area, and the Elounda Hills resorts in northern Crete.
Its all good news for others but may soon rub off on this project.
Here's hoping we are the next one:
First Jack Nicklaus-signed golf course approved in Greece
https://www.tornosnews.gr/en/tourism-businesses/new-investments/37419-development-ministry-greenlights-first-jack-nicklaus-signed-golf-course-in-greece.html
A golf course in the Kilada Hills resort in Ermioni will operate in two years, while the 400-million-euros investment will operate gradually creating 600 job positions, according to ANA.
The building license of the project was signed on Friday and it is the first strategic investment in the tourism sector in Greece which achieves full licensing maturity.
Development and Investments Minister Adonis Georgiadis said a new regulatory framework on building licenses for strategic investments will be issued by his ministry and pointed out that the investment was blocked for several years. Georgiadis said the investment was unblocked in just three months.
Greece Revises Rules to Offer Strategic Investment ‘Flexibility’:
https://news.gtp.gr/2019/10/30/greece-revises-rules-offer-strategic-investment-flexibility/
Aiming to attract and facilitate foreign direct investment, the Greek development & investments ministry has announced plans to ease certain terms thus paving the way for simpler and more flexible investment procedures.
More specifically, under the revised regulatory framework, the ministry has proposed expanding the limits for investments to qualify as “strategic”; simplifying the procedure so that tourism investments can be identified as “strategic”; and including investments over 200 million euros in its “strategic investment” policy.
Greece to slash investments-related bureaucracy as much as 70%
https://www.keeptalkinggreece.com/2019/10/30/greece-investment-bureaucracy/
The new development law will slash investments-related bureaucracy as much as 70%, Greek Development and Investment Minister, Adonis Georgiadis, said speaking at the 4th EU-Arab World Summit in Athens.