40 Million Euro ‘Small Hellinikon’ Project Signed for Crete

Greek company REDS S.A. has been awarded the development of the former U.S. base in Gournes, Heraklion, Crete, for 40.2 million euros, the country’s privatizations agency announced.

The Hellenic Republic Asset Development Fund (HRADF) said that the sale was conducted through the process of electronic auction and that the board will soon convene to ratify the e-auction result.

Dubbed the ‘Small Ellinikon”, after the development of the former Athens international airport, the asset is considered to be a key item in the country’s privatizations agenda.

The real estate property of Gournes consists of a beachfront land plot of 345,567 sqm located 13km from the airport “Nikos Kazantzakis” and 16 km from Heraklion. During the last 20 years, land plots neighboring the property have been developed, the Hellenic Centre for Marine Research, the Cretaquarium Thalassocosmos, the International Exhibition and Conference Centre of Crete, etc.

The tender, which follows years of delay, comes amid an emerging investment and building boom on Crete, the Mediterranean’s fifth-largest island.

Long one of Greece’s leading tourist destinations, Crete welcomes more than 5 million visitors a year and boasts several world-class tourist attractions like the Minoan era Knossos Palace, the legendary site of King Minos, and the Minotaur. Over the last two years, foreign investors have engaged in a number of deals and resort projects on the island.

In 2020, Hines acquired five hotels on Crete and Russia-based developer Mirum began work on its long-awaited Elounda Hills resort project in the summer. U.S. investment fund Blackstone recently acquired the Elounda Blu hotel in Crete – its sixth hotel property in Greece – through its Spanish subsidiary Hotel Investment Partners.

At the same time, the Greek government is investing billions of euros to upgrade Crete’s transport and power infrastructure. Work has recently begun on a new 1.5 billion euro international airport in Kastelli — located about 20 kilometers from Gournes – and is expected to be in operation by the end of 2023.

Also, underway is a 2 billion euro highway project stretching along the north coast of Crete, said to be one of the largest public works projects in Europe.

This article was first published here. 

For more Real Estate News & Views on Greece and Europe’s South, head to The Greek Guru.

Visiting Knossos, One of Europe’s Largest Archaeological Sites 

Those wanting to discover one of the largest and richest archaeological sites in Europe should add Heraklion- with its ancient treasures, historical riches, and ruins of the grand city of Knossos to their list.

Knossos Palace was once a thriving spot and the capital of Minoan Crete- it is grander and more luxurious than any other palace of its time. 

Insights Greece - Visiting Knossos, One of Europe’s Largest Archaeological Sites 
Minoan Palace

In fact, Knossos Palace is said to be one of the most beautiful ruins in history, making the striking palaces of Knossos and Phaistos Crete’s most famous and visited ancient sites by both local and international visitors who travel here all year round.

Once the imperial seat of the Minoan King, Minos, Knossos is the perfect destination for history buffs who want to discover more about myths like those of the Minotaur; and the artwork and intricate mosaics allow visitors to feel as though they’ve stepped into a magical world. 

History of the Knossos Palace

-The Minoans slowly began settling in the area starting from the Neolithic period, approximately 7000 BC; until the Mycenaean invasion, then the area was used by the Mycenaeans until it was completely abandoned. 

-Human presence on the site is evident for thousands of years, before the construction of the first palace. 

-Knossos is the largest palace in Minoan Crete. It is double the size of Phaistos, Mallia, four times the size of Zakros, and seven times larger than Gournia.

What you will Discover at Knossos 

Insights Greece - Visiting Knossos, One of Europe’s Largest Archaeological Sites 
A room at Knossos

Walking around the historical site, you will discover a massive civilization that was thriving 4,000 years ago. You will come across a drainage system that is so intricate and villas that were luxurious; many houses were five levels. Public and private areas were adorned with ornate frescoes, pottery, and wall paintings; Minoan artwork is so famous that it continues to inspire artists from all over the world.  

As you stroll through, you will also be able to see how the Minoans used three separate water-management systems and you’ll get up close to the Minoan columns- differing from the Doric, Ionic, and Corinthian style Greek columns – these columns are narrower at the bottom and wider towards the top.

Facts about Knossos 

-Knossos Palace is huge and sprawling (43,000 square metres).

-The palace had 1,300 rooms connected with corridors around the main courtyard. 

-The archaeological site of Knossos was discovered in 1878 by Minos Kalokairinos, a Cretan entrepreneur who was fascinated by archaeology.  

-In 1900, English archaeologist Sir Arthur Evans led excavations in Knossos, which lasted around 35 years. Evans found that the Palace of Knossos was destroyed and rebuilt at least two times; with the first palace built around 1900 BC and the second palace built after 1700 BC.

Tips

Insights Greece - Visiting Knossos, One of Europe’s Largest Archaeological Sites 
Clay pots at the site of Knossos

-If you’re planning a trip to Knossos, it’s a good idea to stay in Heraklion, the capital of Crete. There are many options for accommodation, eating, and a great base to explore other nearby sites.

-To fully understand the history and culture of Knossos and to explore it in detail, it’s best to join a tour with a licensed guide.  

Getting there

From the centre of Heraklion, Knossos is about 5km away, which makes it very convenient to get to by car. The Line 2 bus will take you directly to Knossos, otherwise, you can take a 5-minute taxi ride to the site. Alternatively, if it’s not a hot day and you enjoy walking, it’s about an hour’s walk from the heart of Heraklion. 

Unique Flavours of Cretan Cuisine

Cretan cuisine is renowned worldwide for its unique ingredients and rich flavours. Cooking here is based on simple techniques and lush local produce, making the island’s dishes stand out. 

From organic mountain herbs and a variety of greens to handmade cheeses, an abundance of fresh seafood, renowned Cretan oil, floral honey and famous Raki- there is something very special about the delicacies on offer.

We recently spoke with Kelly Michelakis, founder of The Hellenic Odyssey, a passionate home cook who hails from Crete and runs popular online cooking classes. Kelly offers lessons to people around the world on how to prepare Greek food and also shares her Cretan family recipes that have been handed down through generations.

What do you think makes Cretan cuisine unique, and what dishes from the island do you enjoy making?

Cretan cuisine aligns with the values of the Mediterranean diet, which in fact originated in Crete in the post WWII period. Cretan food relies on fresh, local and seasonal produce. Dishes are simple but full of flavour which comes from high-quality products such as extra virgin olive oil and fresh aromatic herbs. I love making Cretan Kaltsounia and Boureki the most.

Having spent a lot of time in Chania, where are some of your favourite places to eat out? 

Ntounias set in the mountainous region of Nerokouros, Gramvousa restaurant in Kaliviani with beach views in the distance, and Chrisostomos, Tamam and Oasis all in the town centre and for the sweet tooth Kronos and Ioardanis.

  • Insights Greece - Unique Flavours of Cretan Cuisine
    Ntounias
  • Insights Greece - Unique Flavours of Cretan Cuisine
    Gramboussa

What Cretan delicacies/dishes do you suggest people try when visiting?

Bougatsa: It comes in two forms. The sweet version is filled with custard and sprinkled with cinnamon sugar. Also, there is a savoury version which is made using a local cheese called Mizithra.

Boureki: This delicious dish is traditionally made by layering thickly cut pieces of zucchini and potatoes, topped with a cheese and mint mix.

Dakos: A refreshing Greek appetiser consisting of a large barley rusk, it is topped with extra virgin olive oil, grated tomatoes and mizithra cheese.

Insights Greece - Unique Flavours of Cretan Cuisine

Pilafi: This traditional rice pilaf is made using chicken or beef stock or even a combination of both. It is then finished with lemon juice and butter.

Kaltsounia: Filo pastry parcels with any type of soft local Cretan cheese and/or wild greens and herbs.

Loukoumades: Fluffy doughnuts, which are soft on the inside and crunchy on the outside, there are so many Loukoumades stores in every part of Crete serving this popular sweet. 

  • Insights Greece - Unique Flavours of Cretan Cuisine
    Kaltsounia
  • Insights Greece - Unique Flavours of Cretan Cuisine
    Loukoumades

Yoghurt: Crete is a large producer of dairy making yoghurt varieties, from sheep to cow and to goat.

Myzithra: A cheese similar to ricotta but made with goats milk. It is extremely soft in texture and absolutely delicious.

Raki: This is a very strong spirit made using the traditional evaporation method. Leftover grape pomace is used to make the following harvest and winemaking.

Sfakianopita: A scrumptious pie from the mountainous region of Sfakia. This is a really thin flat pie which is filled with a small amount of cheese, lightly fried and topped with lots of honey.

Staka: A very traditional dish made from goat’s milk butterfat. In fact, Staka is a dish you will only find in Crete.

Xerotigana: A light pastry fluffy dough fried in olive oil, soaked in honey, and topped with sesame seeds or walnuts- delivering a super crunchy texture.

The Hellenic Odyssey

Cover image via purecrete.com