Work is underway to transform Skorpios, the legendary island of Onassis, into a global luxury tourist resort…
Its new owner, Russian billionaire Dmitry Rybolovlev, has already invested over 400 million euros in the island. The modified plan for the creation of a VIP exclusive club unit, launched by the Russian tycoon, with the aim of attracting VIP travelers from all over the world, foresees a significant increase and spatial redistribution of the total construction in the approved building units of the investment, with an initial budget of 165 million euros.
In its publication, elxis.com reminds that the company developing the island is Mykines SA, which recently requested building permits from the government. Architecture firm Snøhetta from Norway made the plans for the island resort. The same firm is known for designing the Library of Alexandria in Egypt, Europe’s first underwater restaurant and the headquarters of Le Monde in Paris.
“The project is expected to create more than 100 new jobs, according to a press release from the Greek Ministry of Tourism, Development and Investments, which approved the development. When completed, the island will include a spa, villas, a sports field, a farm, a vineyard, a helipad and a dock for large yachts,” the publication said.
The project called “VIP Exclusive Club” was approved in December 2020 by the Greek government and is scheduled to be completed by 2024.
How much will it cost to stay in Skorpios?
The resort will be available to rent on a weekly basis for over €1 million and the island will not allow more than 50 guests at a time.
Elxis says it will have high security, guarded by snipers and cameras for maximum security. The Dmitry Rybolovlev family will use the island for their personal enjoyment for some time of the year and rent it out the rest of the year.
According to the Wall Street Journal, Onassis bought the island in 1963 for 3.5 million drachmas (today, about 13,000 euros) and brought thousands of trees and rare plants to organize his glamorous parties in Scorpio.
What does the investment provide?
It is recalled that the Russian tycoon bought Scorpio from Athena Onassis in 2013, with the aim of transforming it into an ultra-luxurious tourist resort, which will attract the world’s tourism elite.
Latest News
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis
Greek Long Term Unemployment 2nd Worse in EU: Eurostat
Greek long term unemployment was only surpassed by Bosnia Herzegovina (9.6%). Spain was the 3rd worse with 4.3%
PM Mitsotakis from Budapest: ‘Urgent Need for Boost in EU Competitiveness’
Mitsotakis remarked on the discussions held with former European Central Bank chief Mario Draghi emphasizing the significance of moving from rhetoric to action
NBG After-Tax Profits Reach 983mln€ in 3Q 2024
NBG CEO Pavlos Mylonas: In 3Q24 we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages
Real Estate Investors Eye Greece for Data Centers, Logistics, Student Housing
Athens ranks 22 out of 30 European cities in terms of it prospects for real estate investment, according to a report by PwC.
Greeks 3rd Last in Salaries in EU: Eurostat
According to Eurostat, the average adjusted annual salary in Greece stands at €17,000, with Hungary close behind at €16,900. The only country faring worse is Bulgaria, where the figure is €13,500.