IKOS INTERNACIONALIZES ITSELF WITH €600M INVESTMENT IN PORTUGAL AND SPAIN

IKOS INTERNACIONALIZES ITSELF WITH €600M INVESTMENT IN PORTUGAL AND SPAIN

 

To the 4 unities it has in Greece, Ikos added Costa del Sol Princess, in Estepona, in Andalucia, for 75 million euro, and it will invest a further 75 million for its complete redevelopment. It should open in 2020, according to Negócios.

During the presentation of this project, the group’s leaders announced that they will invest a further 600 million euro in the new projects in Portugal and Spain until 2023, while being on the lookout for «large 65 thousand square metre areas, with direct access to the beach and where they can build, at least, 300 rooms. Besides that, it’s important to have a large airport nearby», explained Andreas Andreadis, Ikos’ CEO, quoted by the same newspaper.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!