Dolphin Capital Investors Ltd returned to profit in 2014 with its net asset value at 644 million euros, the company said on Wednesday, announcing that it was moving ahead with a strategy to separate its investments into core projects and non-core assets.
The company plans to focus on five core projects: Amanzoe, Kilada Hills — for which it recently received Council of State approval — and Kea Resort in Greece; Playa Grande Club & Reserve in the Dominican Republic; and Pearl Island in Panama.
In an announcement, the company also revealed plans to increase its share capital by raising 75 million euros in efforts to cover running costs for two years and to repay convertible bonds.
One of the largest private seafront landowners in Greece and Cyprus, Dolphin Capital Investors is an LSE-listed real estate investment company focusing on the high-end residential resort sector in the Eastern Mediterranean, Caribbean and Central America.
Dolphin Capital Investors is the developer behind the Nikki Beach Resort & Spa Porto Heli project, part of the integrated community “Porto Heli Collection”. The Porto Heli Collection is home to Amanzoe and Nikki Beach Resort & Spa and offers a range of luxury residential units, catering to a diverse range of travellers and buyers.