A property expert has been drafted in by travel group Minoan as a director of its subsidiary planning a luxury resort in Crete.
Nick Day, previously with property consultancy WT Partnership, is joining Loyalward, Minoan’s Greek project owning offshoot.
The Glasgow-based group recently received a presidential decree in favour of the development in Crete and is now awaiting sign-off by relevant ministers and the president of Greece.
The planned development would include a number of small to medium-sized hotels providing up to 2,000 rooms on a 6,000-acre site including 28 kilometres of coastline on the northeast of Crete.
Day has almost 30 years’ experience in major property and constructions projects around the world and has become a near 6% shareholder in Minoan.
“His wealth of experience will be invaluable in the group’s discussions with joint centure and other partners and investors,” Minoan said.
Chairman Christopher Egleton said: “I am delighted to welcome Nick to our team. His particular expertise and personal contacts with potential major investors and partners will be of great value as the project enters the most significant phase of its history.”
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