The development of Erimitis

Project Characteristics
 1

The Project

Over 120.000.000 investment.

The first investment of this size seen on the island for several years.
Luxury resort comprising 5-star hotel of 90 rooms, luxury seasonal
residences, and 60 berth marina.
Operation by an internationally renowned hotel management company to
ensure the highest quality standards.
Design largely follows the islands unique architectural elements.
Master Plan features the upgrade of the existing traditional windmill a
cultural legacy from the Venetian period that links the past, the present and
the future.
 2

Environmental Care

Discrete and minimal construction of just 7% in a vast 489,560 square

meters of land. A substantial 93% of the area will remain green and
untouched.
Green Development incorporating bioclimatic design certified by
international bodies.
Upgrading of fire-protection infrastructure, which will strengthen the
forests prevention and safety plan.
Cooperation with an environmental scientific team with international
scope. The team will guide, monitor and supervise environmental elements
throughout the design, construction and operational stages of the project.
Development of desalination, organic cleaning, and recycling units.
 3

Economic Impact for Greece and Corfu

The investment will generate multiple benefits, opportunities and

prospects for the local community.
36.000.000 tax benefit for the Greek Economy throughout the
construction phase.
1.000.000 revenues for the Corfu Municipality in council related taxes
throughout the first 10 years of operation.
170.000.000 enhancement of the local GDP throughout the
construction phase.
1.000 new jobs throughout the construction phase.
500 new jobs in operations.
Increase in visitors will benefit all professionals of the island, improving the
local touristic product as a whole.
 4

NCH Capital

NCH Capital is one of the largest private equity and venture capital
organizations in the Balkan region.
Specializes in Real Estate, growth capital, turnaround, recapitalizations,
and emerging market investments.
Since its founding in 1993, NCH capital has formed over 24 funds, and
manages over $3.0 billion of capital through a network of nine regional
oces in addition to New York Headquarters. It has invested and managed
more that 90 real estate projects across the region including oce build
ings and warehouse centres, residential development properties, retail
shopping centres, hotels and raw land plots.
Funds currently own over 450,000 m2 of commercial and residential space
and over 28 million m2 of development land in Greece, Albania, Bulgaria,
Croatia, Latvia, Moldova, Montenegro, Romania, Serbia and Ukraine.