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Astir Palace Resort Sale Blocked by Greek State Council

Astir Palace Resort Sale Blocked by Greek State Council

Greece’s high State  court blocked the sale process of a luxury Athens seaside resort to an Arab-Turkish fund. According to the State Council judges’ decision, the sale of the prime Astir Palace hotel complex and the development of the seaside site breached planning rules and would harm the natural, cultural and urban environment.

The State Council ruled out the Presidential Decree-based plan for the redevelopment of the Astir Palace area and the entire Mikro Kavouri Peninsula, as the creation of small villas and the constructions planned in the uninhabited part of the Peninsula were not legal.

 

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