Israeli investment of 136.5 million euros with 5* hotel and holiday village in Kalamata
- Written by E.Tsiliopoulos
The investment of Israeli interests promoted in the western part of the Kalamata municipality beach for a luxury tourist village with a 5-star hotel is estimated at 136.5 million euros.
The project is associated with the company IDM Capital, with over 30 years of presence in real estate in Europe, but also on the other side of the Atlantic, in the USA, having been founded by Pinni Sarfati.
In the Old Continent, he became active in 1999 with projects mainly in the commercial real estate sector in Central Europe, but also in more mature markets such as Germany, while in our country it is also present in the energy sector.
IDM Capital is also present in the USA, in the real estate sector (commercial and residential) with properties in New York and Manhattan.
Now regarding the new Kalamata project, it is the "development of a modern, luxurious tourist resort village in the western part of the beach of the Municipality of Kalamata" by the company "IDM KALAMATA SINGLE-PERSON S.A." with the relevant file having been submitted to Enterprise Greece already last year in order to proceed within the framework of strategic investments.
As indicated in the relevant file, the proposed project concerns the creation of an integrated, organized tourist facility, at the location of "Bournias", in the western part of the beach of the municipality of Kalamata.
The development is proposed on a coastal area of a total area of 205,743 square meters and includes a 5-star hotel unit as well as luxury residences of high standards, with a total building area of approximately 39,700 square meters.
A total of 140 rooms and 248 residences are planned to be created. The project includes hospitality, catering, wellness and recreation infrastructure, such as restaurants, cultural and relaxation areas, sports and mild marine activities facilities, small-scale commercial uses, as well as organized public green spaces.
The total budget of the investment plan amounts, as mentioned above, to approximately 136.5 million euros, while it is estimated that at least 75 new Annual Work Units will be created, on a permanent basis.
The investment entity has requested the project to be included in the provisions as a strategic investment, to receive the zoning incentive through the preparation and approval of a Special Spatial Development Plan for Strategic Investments (ESXASE), as well as the implementation of the provisions on rapid licensing. At the same time, the utilization of the articles concerning the concession of use of the seashore and beach as well as the implementation of necessary accompanying and auxiliary works is requested.
