€229.5 Million ($247.86 million) Funding from Recovery and Resilience Facility for New ONYX Project in Sani

ΟΝΥΞ Τουριστική Α.Ε. (ONYX Tourism S.A.), listed on the Main Market of the Χρηματιστήριο Αθηνών (Athens Stock Exchange), announced the approval of financing for its investment plan titled "Agrotourism Village with Complex Tourist Accommodation in Sani, Halkidiki." The project is moving into the implementation phase following the securement of loans totaling €229.573 million ($247.94 million). The financing was approved by Credia Bank through the state-supported loan mechanism of the Ταμείο Ανάκαμψης (Recovery and Resilience Facility - RRF, known as the "Greece 2.0" national recovery plan). Specifically, the financing structure includes a €130.439 million ($140.87 million) loan from the RRF and a €99.134 million ($107.06 million) co-financing loan from the bank.

Investment Profile

This strategic project is being developed on a privately owned 650-stremma plot (a stremma is a Greek unit of land equal to 1,000 square meters), 433 of which have already been included in the Στρατηγικών Επενδύσεων (Strategic Investments) framework, Greece's fast-track licensing process for major projects. The total value of the investment, including land value, is estimated to exceed €500 million ($540 million), while the core construction of the project is valued at approximately €390 million ($421.2 million). The Zisiadis family plays a central role in the venture, with CEO and Vice President Leonidas Zisiadis leading the effort, and Fokion Zisiadis, former Vice President of ΣΑΝΗ Α.Ε. (SANI S.A.), contributing significantly to the development strategy.

Tourism Infrastructure and Real Estate

ONYX’s design envisions a multi-level tourism ecosystem combining hospitality services with the residential property market. The complex tourist accommodation will feature 428 bungalows and 120 suites, while the real estate component includes 108 holiday homes for sale. As Greek tourism records a significant increase in arrivals, the plan's second phase involves the development of 120 additional luxury villas which, though sold to private owners, will be leased back for commercial exploitation through the resort.

Agrifood, Culture, and Sustainability

One of the key features differentiating this investment is the strong emphasis on agrotourism. The plan includes the creation of a large olive grove and vineyard, managed according to Greek harvest declaration regulations, as well as facilities such as a distillery, an apiary, and a museum. Visitors will have direct contact with local production and the area's cultural identity. The company's management is promoting a sustainable hospitality model based on the Mediterranean lifestyle, with aesthetic references inspired by Tuscany.

Green Energy and Geothermal Power

The project's energy strategy is fully aligned with the sustainability criteria of the RRF. Particular emphasis is placed on the use of geothermal energy, with the company already managing two boreholes. Simultaneously, the further exploitation of low-enthalpy geothermal fields is being explored to meet the complex's energy requirements. This choice is considered of strategic importance, as it is expected to reduce the project's environmental footprint and enhance its energy autonomy.