REG - Minoan Group PLC - Appointment of Savills as an Advisor

MinoanAnnouncement

09/12/2022 07:00

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RNS Number : 1413J  Minoan Group PLC  09 December 2022

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9 December 2022

Minoan Group Plc

("Minoan" or the "Company")

Appointment of Savills as an Advisor

Minoan is pleased to announce that Savills, the Global Real Estate Advisors,
have been appointed to work alongside the Company's Project Team and Deloitte
Financial Consultants to further develop the real estate portion of the
resorts at the Itanos Gaia Project in Crete (the "Project"). Savills will be
using both their London and Greek offices to ensure the Project is positioned
at a competitive and international level. Initially, this will involve
advising the Board of Loyalward Limited, the Company's wholly owned
subsidiary, on the Development plans for its 6,000 acre peninsula site in
Crete.

 

George Mergos commented: "We are delighted to have appointed Savills, whose
input and advice will be invaluable as we progress in the development of the
different hotels/resorts and their associated real estate. The addition of
Savills to Deloitte Financial Consultants provides us with the know-how and
expertise to increase the pace of the development of the Project.  Savills
will work closely with Marco Nijhof, our recently appointed Hotel and Project
Development specialist.

Since we last reported on 24 October, matters have moved on significantly and
we expect discussions with the Foundation to conclude in the near future. In
addition, commercial and financial activities have recently picked up pace and
I and my colleagues look forward to reporting in more detail on all these
matters as they come to fruition."

For further information visit www.minoangroup.com or contact:

 

Minoan Group Plc

Christopher Egleton
 
                christopher.egleton@minoangroup.com

George Mergos
                     georgios.mergos@minoangroup.com

 

W H Ireland
Limited
020 7220 1666

Antonio Bossi / Enzo Aliaj
 
 

 

Peterhouse Capital Limited
        020 7469 0930

Duncan Vasey
 
 

 

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