Greek Shipowners Buy Up More Seaside Plots, Close Off Beaches

ATHENS – Much of the coastline in Greece’s capital – allegedly public beaches – has long been unreachable to the public because of private clubs and developments blocking access and now 13 plots for villas along the so-called Athens Riviera have been sold for 500 million euros ($526 million.)

It’s at Astir Beach in Vouliagmeni, southern Athens, the deal more than covering the price of 400 million euros ($420.79 million)  that AGC Equity Partners paid to acquire the accommodation complex, complete the public offering and delist Astir Palace from the Greek stock market, said Kathimerini.

For now the sales do not concern actual villas but 13 plots of land on the southwestern side of the Vouliagmeni peninsula, where the Afroditi Hotel once stood, the report said.

The owners of the plots, which overlook the sea from a cliff and give them expansive views, will have to pay for the construction of the villas, the total area amounting to some 80,000 square meters (861,112 square feet.)

That comes out to 39 million euros ($41.03 million) just for the land of each plot and given that hefty price all but two of them were bought by the companies belonging to the family of shipping oligarch Diamantis Diamantidis.

The other two are also expected to go to shipping families, the paper said, including people linked with Marianna Latsi, the daughter of shipowner John Latsis.


OSLO, Norway — A gunman opened fire in Oslo's night-life district early Saturday, killing two people and leaving 10 seriously wounded in what police are investigating as a possible terrorist attack during the Norwegian capital's annual Pride festival.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.