The total value of the transaction amounted to €3.5 million.

The property, with a total area of 28,600 sq.m., includes existing structures amounting to 7,100 sq.m., while the remaining available building capacity is approximately 40,900 sq.m.

Provisions of the preliminary agreement signed by the listed company.

The London-based fund Zetland Capital Partners has owned it since 2022.

This marks the family’s second major tourism investment, following their restoration and reopening of the historic Xenia Hotel in Chios.

An OECD study reports that almost 1.5 million homes are sold in Turkey each year.