Member Info for Bigwil7

From the rns dated 21 July 2020:

"1. DAGG will effectively acquire the Existing Loan, amounting to circa
£1.136m at today’s date, from the existing lender (“Zachary”);
2. the existing security and current interest rate of 10% per annum will
remain in place and the Existing Loan will be extended to 31 July 2021;"

The loan from Dagg LLP isn't repayable until 31st July which is FOUR months away and not a "few weeks".
Suggest you do your own research arsenal as to how much it is - for someone who does not own a Min share and does little or no research on the subject of Minoan group imv your comments on this thread lack credibility and should therefore be ignored.

Investors show interest in hospitality industry

https://www.ekathimerini.com/economy/1157850/investors-show-interest-in-hospitality-industry/

In spite of the uncertainty in the tourism market due to the pandemic, foreign and domestic investors are assessing opportunities in the local hotel market, believing that the timing favors more attractive prices.

There are at least five deals in the pipeline, while there is also quite a bit of action at the hotel management level, with new agreements between asset owners and major foreign hotel chains.

Friday, 26 March 2021 Immediate Release

AssetCo plc

("AssetCo" or the "Company")

Proposed change in strategy

Publication of Readmission Document

and

Notice of General Meeting

Further to the announcement on 8 February 2021 of the Company's intention to change its business strategy to the development of an asset and wealth management business, the Company announces that it has posted to Shareholders the Readmission Document, including the Notice of General Meeting, which is now available on the Company's website.

Key Highlights



* Change in strategy to focus on acquiring, managing
and operating asset and wealth management activities
and interests, together with other related services.

* Martin Gilbert to become Chairman and Peter McKellar
to become Deputy Chairman and Chief Executive
Officer. Tudor Davies will become a non-executive
Director of the Company.

"The nature of the Company’s Project in Crete, covering over 25sq km with its 28km of coastline and
unending sea views, is such that it is able to accommodate the spatial demands that appear to be emerging
within the tourism industry as it adapts to a post Covid world. Taken together with the fact that the
Project’s flexibility, as highlighted in the outline planning consent and overall plan, has always been to
create space for its visitors, using under 0.05% of the land for building, we believe the post Covid demands
add to the attractiveness of the development as a whole."

"The nature of the Company’s Project in Crete, covering over 25sq km with its 28km of coastline and
unending sea views, is such that it is able to accommodate the spatial demands that appear to be emerging
within the tourism industry as it adapts to a post Covid world. Taken together with the fact that the
Project’s flexibility, as highlighted in the outline planning consent and overall plan, has always been to
create space for its visitors, using under 0.05% of the land for building, we believe the post Covid demands
add to the attractiveness of the development as a whole."

Greek real estate market to resume strong growth rates after pandemic, says banker

https://www.ekathimerini.com/economy/1157658/greek-real-estate-market-to-resume-strong-growth-rates-after-pandemic-says-banker/

The Greek real estate market will record strong growth rates after the end of the pandemic, George Kormas, head of Real Estate Group of Piraeus Bank and CEO in Piraeus Real Estate said on Monday.

In comments made to an NPL Summit 2021 last week, Kormas said that the strong recovery rates recorded in 2019 and in the first quarter of 2020 in the domestic real estate market was not a periodic phenomenon but a general trend will be continue to exist after the end of the pandemic crisis.

Greek Tourism to Enter New Era with 11 Key Projects

https://news.gtp.gr/2021/03/22/greek-tourism-to-enter-new-era-with-11-key-projects/

Eleven major investments in cruise, marina, and airport infrastructure are expected to take Greek tourism to the next level after Covid-19, according to a report released this week by Axia Ventures.

Titled “Greece: Post-Covid Perspective”, the report’s analysts forecast better and faster-than-expected tourism recovery after the pandemic subsides.

“For Greece, we believe that recovery will come sooner rather than later, given that demand for destinations with ‘sea & sun’ will be high on the list of those who will travel after the pandemic,” said the report.

Might be Arsenal, especially:

More specifically funding will go into fresh investments to slash energy bills, reduce carbon emissions, improve road safety, enhance water and waste services, and strengthen climate resilience, public health and earthquake protection as well as into schemes to upgrade schools, hospitals, public building and sports facilities.

Greek PM: Foreign Investors Trusting Greece More Than Ever

https://news.gtp.gr/2021/03/19/greek-pm-foreign-investors-trusting-greece-more-than-ever/

More foreign investors are now trusting in Greece’s long-term prospects, said Greek Prime Minister Kyriakos Mitsotakis after reaching a new financing agreement on Thursday with the European Investment Bank (EIB).

Mitsotakis and EIB President Werner Hoyer finalized a deal under which the EIB will pour 875 million euros into sustainable urban investment schemes and energy efficiency projects across Greece.

More specifically funding will go into fresh investments to slash energy bills, reduce carbon emissions, improve road safety, enhance water and waste services, and strengthen climate resilience, public health and earthquake protection as well as into schemes to upgrade schools, hospitals, public building and sports facilities.

The Project

The nature of the Company’s Project in Crete, covering over 25sq km with its 28km of coastline and unending sea views, is such that it is able to accommodate the spatial demands that appear to be emerging within the tourism industry as it adapts to a post Covid world.

Taken together with the fact that the Project’s flexibility, as highlighted in the outline planning consent and overall plan, has always been to create space for its visitors, using under 0.05% of the land for building, we believe the post Covid demands add to the attractiveness of the development as a whole.

(from the chairman's report - ye 31/10/19)

Its a step in the right direction Arsenal.

It is again worth reminding investors of the scope and scale of the Project:

? It has an un-appealable Presidential Decree granting outline planning consent

? It has been granted “strategic investment” status by the Greek government

? It is the largest "consented" private estate in the Eastern Mediterranean of a size and with characteristics such that the Project's operation would not suffer unduly from any social distancing or other restrictive measures

? It is in a UNESCO designated geopark - an area of outstanding natural beauty and spectacular unending sea views

Take a look at the excellent web-site, recently up dated, which gives more detail, photographs of all the proposed sites and explains fully the opportunity that the project offers.

Greek developer Lamda lands strong interest to build Athens towers, says official

https://www.ekathimerini.com/economy/1156267/greek-developer-lamda-lands-strong-interest-to-build-athens-towers-says-official/

The Greek company has also been looking for partners for the construction of two landmark towers of offices and residences.

And in a sign of progress, more than a dozen investors submitted non-binding offers last week, the official close to the matter told Reuters on condition of anonymity, without naming the potential partners.

"MORE than a DOZEN investors", where only two at most will be successful - that, if my maths serves me right, leaves at least TEN unsuccessful - and where will they find another opportunity itching to get started........................!

Foreign Ministry: Enterprise Greece reviewing 20 investments worth €7 billion

https://www.tornosnews.gr/en/tourism-businesses/new-investments/43210-foreign-ministry-enterprise-greece-reviewing-20-investments-worth-e7-billion.html

A total of 14 strategic fast-track investments worth 2.8 billion euros were completed in 2020 in Greece, Secretary-General for International Economic Relations and Extroversion Yiannis Smyrlis told national broadcaster ERT1 on Thursday, ANA reports.

Enterprise Greece is currently reviewing 20 proposals for projects worth more than 7 billion euros, an indication of Greece's image to investors abroad, he said.

€30 billion investment boost from the EU over the next five years

https://www.tornosnews.gr/en/tourism-businesses/new-investments/43171-e30-billion-investment-boost-from-the-eu-over-the-next-five-years.html

The road is open for the financing of private investments through loans from the Next Generation EU fund that could add up to 30 billion euros over the next five years following a European Commission guideline in that direction

New Luxury Hotels Coming to Greece’s Hospitality Market

https://news.gtp.gr/2021/02/01/new-luxury-hotels-coming-greeces-hospitality-market/

Greece’s field of luxury hotels will see a number of new entries following transactions and developments that took place in the fourth quarter of 2020, according to the latest report released by GBR Consulting.

Greek Deputy FM: High investment interest despite the pandemic

https://www.tornosnews.gr/en/tourism-businesses/real-estate/43156-greek-deputy-fm-high-investment-interest-despite-the-pandemic.html

Greek Deputy Foreign Minister Kostas Fragogiannis said on Tuesday that there was high investment interest despite the pandemic, in specific fields as energy, tourism, and infrastructure, speaking to the Export Leaders Forum.

That is why IMV its a strong buy - Martin Gilbert is a game-changer and makes things happen (actions speak louder than mere words). Never mind the fact that the share price is currently about a tenth of NAV.

Martin Gilbert: ‘SLA has nothing to fear from me’

https://citywire.co.uk/new-model-adviser/news/martin-gilbert-sla-has-nothing-to-fear-from-me/a1453995

Crete: Dream Location for British Vacationers Post-Lockdown

https://greece.greekreporter.com/2021/01/23/crete-dream-location-for-british-vacationers-post-lockdown/

The Island of Crete is the destination most British vacationers dream about when the pan-European lockdown is lifted.

The Palm Beach of Vai, Crete.