Private Equity Real Estate

Published in "Lux Magazine": 19/12/19

Due to open in 2021, One&Only Kéa Island is a luxury resort offering private residences on the little-known Cycladic island of Kéa. The development is being overseen by global real estate investor Dolphin Capital Partners in partnership with Kerzner International and will comprise 75 beachfront villas alongside the hillside homes. Here, we speak to DCP’s Founder and CEO Miltos Kambourides about the project and why Greece is set to be the next big destination for luxury residential developments

1. Can you talk us through your vision for the One&Only Kéa Island development?

Our vision for One&Only Kéa Island is simple and ambitious: create the ultimate luxury resort with private residences – not just on the Aegean shoreline, but for the entire Mediterranean. That is a bold statement, however, we are committed wholeheartedly to delivering this project and our vision for turning Kéa into a world-class destination, for the community of Kéa, the visitors it attracts, and the new residents of the resort.

2. What are some of the challenges that you’ve faced with the project?

With any project there are always challenges, you’d be naive in thinking that wasn’t the case. Having been responsible for a number of leading hotel and residences around the world – such as Amanzoe [Greece], Amanera [Dominican Republic], Pearl Island [Panama], – we are used to the usual challenges that such ambitious projects face.

For a development of this scale, challenges such as building permissions have been a lengthy process. However, we are committed to getting this right, and considerable thought and detail has gone into every element of One&Only Kéa Island.

3. Do you gain inspiration for developments through your own travel experiences?

Greece is home, and while I always draw inspiration and ideas wherever I go, as they say: home is always where the heart is. Being able to work on another iconic Greek project means so much to me personally, and to Dolphin Capital as a leading Athens-based developer, and together we are looking forward to creating another world-class destination.

4. What has it been like working on Kéa Island?

Despite its proximity to Athens, Kéa is still an undiscovered island. We enjoy the support and encouragement of the locals, Athenians and citizens of the world who call Kéa their summer home.

Kéa is an island full of picturesque villages with quintessential blue, white and terracotta coloured villas surrounded by olive grove filled landscapes and pristine turquoise beaches, it’s one of the most scenic islands in the Cyclades. So overall, not a bad place to work!

Working closely with the community is critical for any project, no matter how big or small the development is. We are extremely committed to developing in unique locations and supporting our local economy, to create incredible destination retreats. One&Only Kéa Island will present a beneficial return to all: creating new jobs, sensitively developing the region and offering investment.
Luxurious interiors of a beach villa bedroom

5. Where do you predict the next desirable location to be for luxury residence developments?

It is without a doubt definitely in Greece. Greece is thriving at the moment. Where exactly, I couldn’t tell, but I am looking forward to seeing what the future holds.


6. Where’s next on your travel wish-list?

I spend nearly half of my time travelling, which is exciting and means I get to see some incredible destinations. Due to the nature of my job, and my passion for exploring the world, I’ve been lucky enough to visit 137 countries. So with regards to my wish list, it has got to be somewhere I haven’t yet been. I am constantly in search of new places to travel to, over the next few months I’ve planned to go to Tunisia, New Zealand and Madagascar, and can’t wait to keep adding to this list.

Source: Lux Magazine