Kourtidis Group: Landmark €150 Million Investment in Eastern Kavala
Residential Project “The Nea Polis” in Full Development
Kourtidis Group continues a trajectory of dynamic growth, planning five major investments aimed at reshaping the landscape of Northern Greece. Among these flagship projects is The Nea Polis, currently undergoing all licensing procedures, underscoring the Group’s strategy to invest in areas with untapped potential and low tourism exposure, actively contributing to their impressive growth and revitalization.
A prime example is Perigiali, located on the eastern edge of Kavala, an area of exceptional natural beauty that has long been neglected. This image is set to change dramatically with the Group’s iconic new investment: the creation of an entirely new urban development that is placing the region firmly on the investment map.
The Nea Polis is already well underway and stands as one of the largest private residential investments in Northern Greece. With a total budget reaching €150 million, the project is set to play a pivotal role in upgrading the area, generating significant benefits for the local economy and community.
Developed across land area of more than 50,000 sq.m., the project includes the construction of over 500 modern residences. Specifically, seven major residential complexes are planned, forming a new urban core with high-quality infrastructure and contemporary living standards. The development is expected to create more than 700 new jobs, with the first properties scheduled for delivery in 2025. The full implementation is projected over a four-year timeline.
A Model of Modern Urban Development
The Nea Polis is being designed around the principles of sustainability, privacy and quality of life. The neighborhoods will feature communal green spaces, playgrounds, an open-air cinema, a library, a gym, and designated picnic areas forming a true “neighborhood” model that combines public infrastructure with functional aesthetics. Special emphasis is placed on security, with private parking and controlled access throughout the complex.
As Nikos Kourtidis, President and CEO of the Group, emphasized: “The Nea Polis is not just a large-scale investment; it is the realization of a modern vision for how people should live—today and in the future—with quality, harmony, and respect for the environment.”
Vice President Konstantina Dimitrova added: “This project was born out of the need to breathe new life into an area with untapped potential. We are not simply building houses; we are shaping a new way of life, rooted in the values of sustainability and functionality.”
Perigiali is re-emerging as a dynamic presence on the investment map, poised to become a new pillar of urban growth. At the same time, The Nea Polis enriches Kavala with a high-quality housing stock, reinforcing the region’s rising status as both a residential and investment destination.
A Strong Footprint in Northern Greece
With a history spanning three decades, Kourtidis Group is one of the most active and fast-growing organizations in construction, real estate, tourism, and investment across Northern Greece. The Group maintains a strong presence in the regions of Kavala, Serres, and Drama, having already delivered more than 3,500 holiday residences. Currently, 1,820 new homes are under development through its construction company.
With a strategic focus on sustainable growth and value creation for local communities and investors alike, Kourtidis Group serves as a catalyst for urban and environmental transformation—actively contributing to regional development and long-term prosperity.
