New York-based NCH Capital fund said that it is starting its Kassiopi project on Greece’s Corfu in a 100 million euro investment that will give the island and the region a boost.
The project involves the creation of a luxury mixed-use resort of the highest standards that is fully integrated into the natural landscape, the company said in a statement.
Alongside a select number of deluxe residences, it is expected that one of the world’s leading hotel operators will manage a high-star establishment within the resort, it added.
"We are extremely pleased that such an important project for both Corfu and Greece as a whole can finally be realized. Our vision is to offer a unique lifestyle destination; a landmark development of national pride that will give impetus to the island’s growth prospects – creating new job opportunities for the local workforce, while helping to attract new investments," said Managing Director and Office Head for the Greece and Western Balkans of NCH Capital Inc., Andreas K. Santis.
As investment fund manager, NCH Capital Inc. boasts extensive experience in international investment across Europe, with approximately $3 billion of funds under management.