The price of the transaction represents a premium of 15% over the initial committed investment of GEK TERNA in the project.

The most important factor in selecting an area for residential projects is the location of the property-plot according to CSE-listed company Wealth Avenue PLC.

The project is part of Club Med's wider global strategy to shift towards more luxurious accommodation experiences.

What is included in the planning for the completion of the project.

The hotel will continue to operate under the Hyatt franchise and be managed by a Yiannis and Tina Daskalantonakis' interests firm.

In which area buyers paid up to €3818 / sq.m for a house.