On Thursday, February 1st, the identical public wills of Spyros and Emilia Flambouriaris were published at the competent court.
The wills establish the Flambouriaris Foundation based in Corfu and endow it with a real estate and movable property exceeding a value of 30 million Euros!
The Foundation receives the entire property of the Cavalieri Hotel, consisting of 5 floors, ground floor, basement, and attic, with a total area of 2,200 square metres, along with all its equipment. The hotel continues its operation uninterrupted. Additionally, the estate "Serénissima," covering an area of 7.5 stremma by the sea in Pirgi - Ipsos, with an area of 1,000 square metres including a pool, impressive furnishings and decorations, and significant artworks, is transferred to the Foundation. Emilia Flambouriari also bequeaths to the Foundation a penthouse apartment, 130 square metres (fully furnished), in the heart of Kolonaki, Athens (on the streets of Herodotus and Patriarch Ioakim).
Both testators explicitly stated in their wills that they transfer to the Foundation "any other real estate and movable property, including any form of assets, whether tangible or intangible, whether in full ownership or partial ownership of any percentage found worldwide and not mentioned" in the wills!! Thus, immediately added is the 48% ownership of an anonymous company to which a recently completed mansion of 800 sq.m. with a pool, etc., in Pirgi-Ipsos also belongs. Additionally, Spyros Flambouriaris transfers 1,000,000 Euros in cash.