Infinity is entering a new phase of development , Six Senses Porto Heli, the €150 million tourism project launched in Ermionida, Argolis, by a joint venture comprising the domestic real estate firm Golden Land Goutos, the investment firm CBE Capital, the fund Taconic Capital Advisors, and Cedar Capital Partners.
A few days ago, by joint decision of the Ministry of Tourism and the Ministry of Environment and Energy, the initial 2023 approval for the conversion of the existing Costa Perla tourist accommodation into a Complex Tourist Accommodation (CTA) was amended.
The new decision, dated April 21, 2026, concerns the amendment of Joint Ministerial Decision No. 1191/19.01.2023, as it had already been amended by No. 10207/May 19, 2023, and introduces substantial changes to key project characteristics, primarily regarding the size of the site, the approved urban planning dimensions, and the spatial delineation of the beach zone.
What is changing
Based on the 2023 decision, the conversion of Costa Perla into a Tourist Complex under the brand name Infinity was approved, consisting of a 5-star hotel, a spa as a specialized tourist facility, furnished tourist residences, as well as supporting facilities.
The investment had been approved on a site with a total area of 67,772.94 square meters, in the unplanned area of“Kouberta – Perle – Bourloto”in the municipality of Ermionida, with UTHERTON LTD as the developer.
The amending Joint Ministerial Decision concerns changes made “due to the expansion of the site, modification of the approved urban planning dimensions, and the correct delineation of the beach zone.” Essentially, these are three interventions that affect the overall design of the project.
The most significant change concerns the area of the property on which the STK is being developed. The previous approval, in 2023, was based on an approved plot with a total area of 74,913.21 square meters, with a buildable area of 68,110.61 square meters after deducting the foreshore and beach zone.
With the new decision and the addition of two adjacent plots, measuring 23,907.76 sq. m. and 5,041.23 sq. m., for a total area of 28,948.99 sq. m., the project’s new unified plot now totals 103,862.19 sq. m., with a buildable area of 97,059.59 sq. m.
The increase in total area exceeds 38%, a fact that substantially alters the spatial basis of the investment.
The new decision is accompanied by a revision of the urban planning parameters. More specifically, the permitted building area and coverage are increased. In the first decision, the total permitted floor area and coverage was 13,554.59 square meters, while in the second, the total permitted floor area and coverage is set at 19,411.92 square meters, due to the larger buildable area.
As for the total actual construction area, it increases from 16,663.34 square meters to 24,740.21 square meters, because new underground structures are added and an additional coefficient of 0.02 is applied for special tourism infrastructure.
Among other things, the portion that can be used for commercial purposes— that is, the portion permitted for sale or long-term lease— is also increased. Although the percentage remains at 50%, due to the increase in the total permitted construction, the absolute size changes from 8,331.67 sq. m. in the first decision to 12,370.11 sq. m. in the second.
A change is noted in the percentage of semi-open spaces. In the initial approval, the percentage amounted to 20% of the total construction area, while it has now increased to 25%.
According to the relevant decision, “exceeding the maximum permitted coverage of the lot by up to five percent (5%) is permitted, solely for the purpose of creating shared semi-open spaces on the additional plot coverage, as well as a corresponding increase in the percentage of semi-open spaces not counted toward the building coverage ratio, from 20% to 25%."
The amendment is accompanied by a replacement of the base plans for the permit, while minor changes have also been recorded in the project’s environmental terms.
The changes also include a change in the investment entity, as Costa Perla S.A. is now responsible for developing the tourist complex.
The capacity of the tourist complex remains unchanged, at least according to the amendment. Consequently, the approved number of beds or the basic tourist capacity of the facility, as approved in previous decisions, remains unchanged.
It should be noted that an initial amendment had already been made, via Decision 10207/19.05.2023, which was due to a change in the architectural and spatial planning of the project.
The project
The luxurious Infinity, Six Senses Porto Heli will be LEED Silver certified and will include a five-star hotel with a capacity of 171 beds, furnished tourist residences with a capacity of 100 beds, and a 100-person wellness center (SPA) as a specialized tourist facility
According to the design, 10 branded residences with 5 to 8 bedrooms are planned for construction and will be offered for sale.
In addition to the accommodation facilities, the hotel complex will feature a main restaurant, a bar, outdoor event spaces, and a traditional Greek café.
The amenities at Infinity, Six Senses Porto Heli include eight treatment rooms, facilities for water sports, an outdoor gym, a boutique, and a concept store, while a pier for guests’ boats will also be constructed.
It should be noted that this is the second project under development that will bring the Six Senses brand to Greece, following the one announced by Grivalia Hospitality in Petalioi, the Six Senses Megalonisos.