Project Porto Bucca
A Prime Opportunity

Project Overview 
20k sqm of Prime, Seafront Land in the Greek Riviera

An Opportunity to Ride the Wave Sweeping Across Southern Attica & Northern Peloponnese (AKA the Greek Monaco) and Capitalize on the Rise of a Region That Attracted Almost EUR 1bn in Capital for Major Developments Over the Next 24 Months 

  • Current Status

    • 24-month exclusivity agreement with the owner secured 

    • Technical and Land surveys already completed

    • Advanced discussions with key vendors/suppliers/partners for eco-friendly, sustainable residences, carefully selected to bring our deconstructed resort concept to life

    • Identified relevant strategic & financial sponsors. First round of outreach initiated

    • Detailed financial model – projections continuously updated with actual figures as key variables are fed through via vendor partners and local government authorities

  • Key Facts

    • 20,080.82 sqm plot of land located in Megalo Chorafi in the Ververonta Peninsula, Porto Heli. Part of the municipality of Ermionida

    • The area is not classified as forest land

    • According to general building conditions the coefficient for the plot stands at 18% (i.e. 3,615 sqm) – detailed report available 

    • Recent legislation amendments – driven by the robust pipeline of hospitality developments in the region – allow for expansion of the building/coverage coefficient to include undercut land areas (c. 1,200 sqm expected to be added) 

    • Complete infrastructure works

    • 20 x 35 sqm residences

    • Essential amenities (F&B, Mini Market, etc.)

    • 20 x 35 sqm residences

    • Additional amenities (TBD)

Favourable Macroeconomic & Hospitality Industry Backdrop

Evidenced by a Robust Pipeline of Major Hospitality Transactions / Openings Over the Next 24 Months

Hospitality Market – Key Highlights

  • 32.7mn International Arrivals in 2023 – 17.6% Increase YoY & 4.4% Higher From 2019 pre-Covid Record

  • EUR 10.8bn 2023 Hospitality Turnover – 10.7% Increase YoY

  • ADRs in Key Metro Areas & Summer Destinations Were Up With the Latter Standing at 8% YoY in 2023

  • EUR 20.5bn Tourism Revenue in 2023 – Expected to Reach EUR 22bn in 2024

  • Occupancy Rates Stood at 60-70% in Key Metro Areas and 75% in Summer Destinations

  • Upper Scale Hotel RevPAR in ATH & THS Increased by 25% YoY in 2023

  • Plethora of High Profile Hospitality Projects Underway With a Slate of New Openings by 2026, in the Region, Nicknamed “The Greek Monaco”

Sources: ELSTAT, Greek Ministry of Tourism, Cushman & Wakefield / Proprius Research

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EXECUTIVE SUMMARY

  • Market Analysis: Gain insights into market trends and economic forecasts.

  • Project Scope: Detailed overview of phases, timelines, and milestones.

  • Investment Opportunities: Explore the financial prospects and benefits of partnering with Porto Bucca.

  • Sustainability Initiatives: Learn about our commitment to environmental stewardship and sustainable development.

Thank you for your interest in Porto Bucca. To learn more and download the full executive summary, please fill out the form below.