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Costa Navarino: Increased revenue and new investments

The Messinia-based group continues to implement plans for further development

The area is already demarcated as part of POTA Messinia. The aim is to develop themed hotel complexes that will offer a variety of high quality sports and entertainment activities.

Real Estate

An important part of the Group’s investment activity is the Costa Navarino Residences All villas have a private pool and are developed on large plots, in 3 different neighborhoods within Navarino Dunes (Costa Navarino’s first development area), which are called Sea Dunes, Olive Grove and Rolling Greens.

The villas at Sea Dunes are located just a few meters from the beach on plots starting from 1,550 sq.m. and have 5-7 bedrooms. All but three have been sold as demand has been high.

The villas at Olive Grove have panoramic views of the Ionian Sea, The Dunes Gourse stadium and the olive groves, are developed on plots starting from 1,350 sq.m. and have 4-6 bedrooms. The villas at Rolling Greens range from 235sq.m to 295sq.m, have 3 or 4 bedrooms, on plots from 700sq.m to 1300sq.m.

All villas in both these areas were sold within a year of their launch, with demand outstripping supply.

Also the branded apartments, The Residences at The Westin Resort Costa Navarino are a proposal that ideally combines use with investment. This proposal, following the trends of the international market, was presented by Costa Navarino for the first time in the Greek market, with success, attracting the interest of both Greek and foreign buyers.

More than 85% of the apartments have been sold.

As the demand has far exceeded the supply, TEMES, developer of Costa Navarino, is preparing and in the near future will present new residential proposals.