Greek Islet Fleves Up for Grabs, Two Expressions of Interest


Photo source: Municipality of Vari, Voula, Vouliagmeni

The Greek island of Fleves in the Saronic Gulf, off Vouliagmeni Bay, is going under the hammer with two investors expressing interest thus far.

Plans for the island, which is property of the Greek Defense Ministry, include the construction of extensive tourism facilities expected to support some 14,000 jobs throughout.

According to media reports, two investor bodies have expressed interest in Fleves: an Abu Dhabi-based entity with an investment of 1.5-2.5 billion euros set for the construction of four luxurious resorts with a capacity of 450 rooms and 470 villas, a golf course, a water park and an underwater park, targeting high-income family tourism; and a Greek group with a budget of 700 million euros going towards the construction of four luxury hotels, villas, a conference center, a marina and a Cyclades-style village as well as a sailing club on the neighboring Flevopoula islet.

In order for any project move ahead, Greek parliament must first approve of the plans and abolish its current classification as a “navy fortress”.

Located just opposite the Astir Palace luxury resort, the island of Fleves is 1,4 km2 and is not populated.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s