The Nautilus Project is currently under public consultation

The proposed investment for the “Conversion of the NA.VI.PE. Platygiáli Port into a Tourist Port for Mega Yachts, the Development of Commercial Uses, and the Provision of High-Standard Tourism and Leisure Services” constitutes one of the most ambitious development initiatives in Western Greece, with a strong strategic, economic, and spatial impact.

“ASTAKOS TERMINAL S.A.”, formerly part of the construction company AEGEK—which collapsed, as did most construction firms during the golden era of the Olympic projects—was transferred to the banks in settlement of its loan obligations. The company is now primarily owned by “APE Investment Property S.A.” (Alpha Bank 71.08% and Piraeus Bank 28.92%) with a 97.01% stake, while “SY.MET. S.A.” holds the remaining 2.99%.

The investment concerns a property with a total area of approximately 1,778,514 square meters, located in the NA.VI.PE. Platygiáli area, in the Gulf of Astakos, within the Municipality of Xiromero in Aetolia-Acarnania.

The central pillar of the investment plan is the transformation of the port into a home port tourist marina for large leisure vessels (mega yachts), with a capacity exceeding 350 berths, more than 100 of which will accommodate vessels over 40 meters in length. This development aims to position the area on the global map of luxury maritime tourism, leveraging Greece’s strategic location in the Mediterranean.

In parallel with port development, the project includes a comprehensive range of complementary uses, such as high-standard tourist facilities, five-star hotels with a total capacity of approximately 565 rooms, luxury residences, retail outlets, dining and entertainment venues, conference centers, as well as sports and cultural facilities.

The investment plan has already been included in the “Strategic Investments 1” framework by decision of the Interministerial Committee for Strategic Investments in 2025, with a total budget exceeding €524 million. Implementation will take place in successive phases, with the first phase amounting to approximately €523 million and including the main construction works. The total duration is estimated at seven years, while the construction period is expected to last approximately three years per phase.

The proposed average building coefficient is 0.2, with the maximum permitted building area reaching 344,890.67 square meters.

International and domestic stakeholders play a significant role in the project’s implementation. The master plan has been assigned to the internationally renowned architectural firm W.A.T.G., while development is coordinated by MYMAR Nautilus Investments Ltd., a company established in Cyprus on October 2, 2017.

Construction involves the Greek company Archirodon, which specializes in port infrastructure projects, while yacht management services will include companies such as A1Yachts and BWA, owned by the Vasileiou family, which is also active in the yachting and marine sports sector.