AGC Equity Partners, a London-based private equity firm backed by Middle East investors, has announced investment of $322 million in a luxury resort in Greece.
Greece concluded in October the sale of a 90 percent stake in the Astir Palace hotel complex to the AGC fund Jermyn Street Real Estate Fund which represents investors from Turkey, Abu Dhabi, Kuwait and other Arab emirates. (As DubaiBeat reported back in 2012, Middle East investors of AGC consider investments all over the world, at that time investing $175 million in a Russian power producer.)
AGC is listed in the Middle East Investors Directory with the code SINO21.
More details follows from Reuters: