The new development plan of Astir Palace aims to render it a world class destination.
It also proves the confidence of the new investors in both the prospects of the investment and the prospects of the country, the new owners of the resort said in the first presentation of the area's redevelopment plans.

The Hellenic Republic Asset Development Fund (HRADF) this week confirmed that Jermyn Street Real Estate Fund IV LP signed a new agreement to submit an amended special zoning and spatial plan for the development of the Astir Palace Vouliagmeni venue, one of the best known resorts and tourist-related sites in the greater Athens area.

The board of the National Bank of Greece announced today it signed the contract for the sale of Astir Palace Hotel in the Southern Athenian suburb of Vouliagmeni.