DLA Piper has advised Kerzner International Holdings Limited, an international developer and operator of ultra-luxury resorts and residences, on its joint venture with private equity firm Dolphin Capital Partners and Dolphin Capital Investors for the development and management of the One&Only Kea Island, Greece, a luxury tourism project on the Cycladic island of Kea. Local input was provided by AP Legal in Greece and L Papaphilippou & Co LLC in Cyprus.
According to DLA Piper, the new resort, situated across 65 hectares, "will include 75 resort villas, a spa, beach club, leisure and dining facilities, as well as a number of branded private homes for purchase. One&Only Kea Island, Greece will be the first One&Only resort in Greece and second in Europe, with the resort expected to be developed in time for the 2020 season."
The DLA Piper team was led by Partner Ben Gillespie, Regional Head of Corporate, Middle East, with assistance from Legal Director Helen Hangari and Legal Consultant Natalia Tombs.
The AP Legal team in Greece was led by Partners Aris Papaspyridis and Alexandra Papaspyridis and Senior Associate Afroditi Vasiliou.