NCH Capital has commenced the Kassiopi Project, a €120 million investment in a luxury resort on Corfu's eastern coast, poised to enhance local tourism and economic growth.
Target Information
NCH Capital, an American investment fund affiliated with ABI Bank, has recently received approval to begin the implementation of the Kassiopi Project. This ambitious initiative involves a significant investment of 120 million EUR aimed at constructing a five-star resort on the eastern coast of the island of Corfu.
Prime Minister Kyriakos Mitsotakis has emphasized the strategic importance of this project during his recent visit to Corfu, highlighting its potential impact on local tourism, economic growth, and job creation. The project is also expected to enhance public land development through private funding contributions.
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Industry Overview
Corfu’s tourism sector is a vital component of the Greek economy, contributing significantly to GDP and job creation. The island attracts millions of visitors each year, know
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Disclosed details
Transaction Size: $130M