The agreement ensures an initial exclusivity period of 90 days to complete the relevant due diligence in order to proceed with the submission of an offer.
According to the announcement, "The prospective buyer has the knowledge and experience required to develop projects such as Kilada Country Club, Golf & Residences and intends to participate in the completion of the first phase of the development, which includes the 18-hole golf course and country club'.
DCI has been accused by its former former shareholder and partner, businessman Miltos Kambouridis and the company Dolphin Capital Partners of continuing lack of liquidity.
According to the DCP, in the last year DCI has already received short-term loans of over €3.3 million (€3.7 million including interest) from its shareholders to cover current operating expenses and also the expenses of its lawyers in the context of their litigation.
Kilada Country Club Golf & Residences in which DCI Advisors holds an 88% stake which was the first investment to join the law as a strategy includes at this stage a golf course designed by Jack Nicklaus a Beach Club as well as 260 golf residences. In the next phase, the construction of a luxury hotel complex with 100 rooms and 88 branded villas as well as the extension of the Beach Club is foreseen.
