Russian Tycoon Starts €184Μ Development on Former Onassis Island

The representative of Russian magnate Dmitry Rybolovlev, who owns the Skorpios island in the Ionian Sea, said on Thursday that the 184 million euro development of the island is set to start next month.

Sergei Tsernitsin met with Ionian Island Regional governor Theodoros Galiatsatos and thanked him for the support offered in helping overcome bureaucratic hurdles to help get the 10,000 square meter development going.

Tsernitsin said that the Russian magnate wants to support the region’s environment.

According to the Athens Macedonian News Agency, the project will include the construction of 12 or more luxury villas, each with a total area of 500 to 1,200 sqm, with a total capacity of 48 beds and other accompanying facilities such as spas, restaurants and a marina.


Sports facilities such as golf, tennis and basketball courts and football fields will also be built on Skorpios.

The aim of the Rybolovlev family is to create the first luxury accommodation complex in Greece, located on a private island that is one of the few around the world.

The island of Skorpios, which was acquired about five years ago from the heir of shipping magnate Aristotle Onassis, Athena, has been designated as Natura.

This means that no more than 5 percent of the island can be built, therefore its development takes place in very careful steps, and as the host has stated, in full harmony with the environment.


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