The Minoan Group, the Mediterranean property developer, has floated on AIM with a market capitalisation of over £45m.
The company is currently involved in the creation of the Cavo Sidero project in North East Crete.
The luxury 7,000 bed resort is being designed to appeal to UK and European tourists as well as providing second homes for private individuals.
The company acquired rights from the Greek government in 1998 to build on the 25 square kilometre site and is planning to open five hotel villages and sporting facilities including a 45 hole championship standard golf course.
Minoan, which is based in the UK but has offices in Athens and Crete, was previously listed on PLUS but the move to AIM is a sign of its development, the company says.
Christopher Egleton, chairman of Minoan Group, said: “We are delighted with the move to AIM and we look forward to making further progress with the exciting development at Cavo Sidero in Eastern Crete.
“Whilst being quoted on PLUS Markets has allowed us to develop the business to this stage, we anticipate that the move to AIM will lead to an improved profile and status for Minoan among prospective investors and customers.”
The team acting for Minoan Group was led by AIM specialist corporate partner, Russell Booker, and included senior associate Hanh Jelf and assistant Rory O'Broin.
Dryllerakis & Associates provided Greek legal advice to Minoan while Finers Stephens Innocent LLP acted for the nominated adviser, which was J. M. Finn & Co Ltd.
The company ceased to trade on PLUS as of May 1 and were registered on AIM this morning.
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