Business
Trading Update and Notice of
Trading Update and Notice of.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n RNS Number : 5770G Dolphin Capital Investors Limited 03 February 2010 \n \n\n3 February 2010\n \nDOLPHIN CAPITAL INVESTORS LIMITED\n(\"Dolphin\" or the \"Company\")\n \n \nNotice of 2009 Preliminary Annual Results and Trading Update\n \n \nDolphin Capital Investors Limited, the leading investor in the residential resort sector in south-east Europe and the largest real estate investment company listed on AIM by net asset value, will announce the Company's Preliminary Results for the year ended 31 December 2009 on 11 March 2010.\n \nSince the last trading update of 3 December 2009, the Company has continued to make considerable progress with pre-development works (design, permitting, branding) and construction at its projects, and with the negotiation of project financing, potential joint ventures and other realizations. \n \nSpecific items to report at this point are:\n \n· Permitting and early construction works are progressing swiftly at The Porto Heli Collection (www.portohelicollection.com):\no Final construction permits were issued for four freehold Aman Villas on 1 February 2010.\no The construction permit for the Beach Hotel (Yiouli) was received on 27 January 2010. The Beach Hotel property, located in the bay of Porto Heli, is a 1970's hotel, which will be redeveloped into a high-end lifestyle hotel and yacht club comprising 23 hotel suites and 43 two-bed apartments serviced by the hotel (www.portohelicollection.com/hotels-beach-hotel.php). \no The Greek National Tourism Organisation (“GNTO”) Suitability application for the Chedi Hotel Villas phase was approved on 29 January 2010.\no Excavation works continue at the Aman Hotel site. Negotiations are being concluded with a number of construction firms following a bidding process for a turn-key construction contract for the next phase of works. Most of the bids received are significantly below original cost estimates, demonstrating the current favourable environment for the negotiation of construction contracts. \n· Triopetra’s Preliminary Environmental Impact Study ...