Public consultation launched for Divine Property’s Strategic investment project on Syros
Public consultation launched for Divine Property’s Strategic investment project on Syros
  Investments  |  Economy  |  Tourism  |  Hotels  |  Greece

Public consultation launched for Divine Property’s Strategic investment project on Syros

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RE+D magazine
14.05.2025

The “Cavo Fregada Syros Seaside Hotels and Villas” project by “Ellinika Paradosiaka Spitia S.A.”—a company affiliated with the Berjaoui family and Divine Property—has been submitted for public consultation by Enterprise Greece.

The proposed investment concerns the development of an Integrated Tourist Resort on a 531,251 sq.m. site in the Lagoudia Charasona area of Syros island. The project includes the construction of a five-star hotel with a capacity of 166 beds and 69 fully furnished tourist residences accommodating 249 beds.

The investor is requesting the classification of this €75.9 million project as a Strategic Investment under Law 4864/2021. This designation would enable the preparation of a Special Spatial Development Plan for Strategic Investments (ΕΣΧΑΣΕ) and provide access to fast-track permitting procedures, as stipulated by the law.

The Berjaoui family, through its company Divine Property—with offices in Mykonos, Athens, Syros, and Beirut—has a long-standing presence in the Greek market. The company specializes in luxury real estate, asset management, hospitality, and investment services.

Divine Property operates across a wide range of tourism and investment services, including the development and promotion of investment opportunities in the Greek real estate market, management of luxury vacation properties, real estate consulting, and the provision of high-end hospitality and concierge services for discerning travelers.

Its property portfolio includes luxury estates in Athens and on several Greek islands, aimed at delivering investment returns or being utilized for high-end tourism purposes.

Divine Property also owns the Casa del Mar Mykonos Seaside Hotel and Spa, located in Aleomandra, Mykonos, as well as the Ousyra Restaurant, situated in Ermoupoli, Syros.