Intracom Holdings currently has a number of major projects underway, which are expected to significantly boost both the group’s growth trajectory and the regions where they are being implemented.
Specifically, as the company’s management noted during the recent general meeting, the sectors in which the group was active in 2025 were investment, insurance, and real estate development, primarily in the tourism and entertainment sectors.
In fact, participation in Project Voria, the redevelopment of Voula’s Second Beach, and hotel development in Koufonisia and Mykonos are some of the projects expected to add significant value to the group over the next two to three years.
It should also be noted that in 2025, Intracom Holdings completed its entry into the insurance market through Europe Holdings and the acquisition of EUROPE Insurance.
Project Voria
One of Intracom Ventures’ main projects, as mentioned above, is Project Voria, which is a large-scale tourism complex, known as an “Integrated Resort Casino.” The project is on track for completion in 2025 and represents an investment of approximately €380 million.
The group’s management noted that the strategic partnership between Intracom Ventures and LAMPSA S.A., aimed at a joint investment in Thanasis Laskaridis’ Regency Group, represents a collaboration with significant potential on many levels.
Construction work is being carried out by METKA, with completion and full operation scheduled for 2028. To be precise, as Vice Chairman of the Board Konstantinos S. Kokkalis stated , “as far as the casino is concerned , the goal is to begin operations in May 2028.”
It should be noted that Regency secured its entry into the online gaming market through the joint venture between Regency Entertainment and SkillOnNet.
Voula’s Second Beach
Meanwhile, another significant project is underway in the Voula B’ Plaz area, an investment exceeding €15 million.
“Intracom Ventures holds a 33% stake. We are partnering with two other prominent entrepreneurs, Mr. Konstantakopoulos and Mr. Prokopiou, and in 2025 we secured co-financing for the project from the Recovery Fund,” noted the management of Intracom Holdings.
Work has begun, and the project is expected to be completed and fully operational by early 2027.
At the same time, IntraDevelopment, the specialized real estate development company of Intracom Holdings, holds a stake of approximately 30% in the listed company KEKROPS and contributes to the management of all the group’s real estate projects.
Koufonisia
Then there are the projects currently underway on the Greek islands. The group holds a 71% majority stake in Koufonisia Hotel & Resort. During the general meeting, the management of Intracom Holdings revealed that plans are underway to modernize and upgrade the existing hotel into a five-star property with a capacity of 200 beds, and there are also plans to develop residential units for sale, as well as the development of a beachfront hotel with a capacity of approximately 60 beds.
The permitting process is expected to be completed by 2026, and co-financing from the Recovery Fund has been secured.
Mykonos
Furthermore, in Mykonos, Banner Estate, a wholly-owned subsidiary of Intracom, owns 7 plots in Ano Mera, with a total area of 8,000 square meters, with the aim of constructing a 340-bed complex to house staff. Building permits are currently being issued, while financing procedures for the project are also underway.
Meanwhile, in May 2025, Intracom Real Estate Investment was established, in which the group’s Cyprus-based subsidiary, Intracom Operations Limited, holds a 50% stake. At the same time, Green Hydepark Investments Limited, also a Cypriot company and 100% controlled by George Mundrea, holds a 50% stake .
The total investment for Real Estate has been set at €20 million, of which €5.5 million has already been invested by the two shareholders. This company will essentially invest indirectly through the European Properties Investment Fund, which to date has already made investments totaling €23 million in Greece and Italy.
Finally, Intracom Holdings’ management also discussed the investment and technology-focused nature of Intracom Ventures. As they explained, since its inception, it has invested in technology startups, which have already generated significant returns, citing the exit of Augmenta as an example. In fact, Kaizen Gaming recently announced the acquisition of the startup GameplAI, in which Intracom Ventures held a 5% stake.