Minoan Group has appointed property development specialist Nick Day as a director of its subsidiary, Loyalward, which is planning to build a luxury resort in Crete.
Day, previously with property consultancy WT Partnership, became a ‘significant’ shareholder in Minoan earlier this month.
Chairman Christopher Egleton said: “I am delighted to welcome Nick to our team. His particular expertise and personal contacts with potential major investors and partners will be of great value as the project enters the most significant phase of its history.”
The group recently received a presidential decree in support of the resort development and is now waiting for final approval from ministers and the president of Greece.
It hopes to build a complex of hotels, with up to 2,000 rooms, on a 6,000-acre coastal site in the northeast of the island.
