The first phase of Papastratos’ “green” investment has been completed.

The Housing Program extends beyond residential facilities.

Controversy surrounds plans for bank office construction.

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

The total contract price amounted to €4 million, paid in a lump sum, and the tender process was conducted in a single phase.

The tender for the project is scheduled for December 17, with a target completion horizon of three years from the signing of the relevant contract.

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

The sector’s fundamentals remain strong; however, there are increased risks for developers.