8th Aug 2014 08:23
LONDON (Alliance News) - Dolphin Capital Investors Ltd Friday reported the closing of a EUR40.4 million investment by Colony Capital into Amanzoe, the real estate investment company's luxury resort hotel and villa complex near Porto Heli, Peloponnese, Greece.
Dolphin had previously signed a non-binding agreement with Colony Capital Acquisitions LLC, acting on behalf of managed funds, for a potential investment in Amanzoe. Colony has since been been performing legal, financial and technical due diligence on the deal.
The deal agreed is for a EUR40.4 million second priority loan facility into Amanzoe.
"The board of Dolphin and the investment manager believe that this is a very important transaction for the company as it showcases the value of Amanzoe and establishes a strategic relationship with Colony, one of the world's leading and most respected real estate investors, with significant experience in large scale luxury integrated resorts," Dolphin said in a statement.
Still, Dolphin Capital shares were down 3.5% at 35.00 pence Friday morning.
By Samuel Agini; [email protected]; @samuelagini
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