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During the 14th century, the monastery reached its highest peak, accumulating riches and heirlooms from imperial as well as private donnations

It was built in the middle 14th century by the monk Dionysious of Koryssos in the Kastoria precinct, with the financial support of the emperor Alexius III Comnenos of Trapezous

The original monastery was built before the 12th century but in the 14th centutry, abbot Chariton of Imvros, receeded to the enlargement of the monastery

The monastery is built by the sea, in the N.E. side of the peninsula and is dedicated to the Transfiguration of the Saviour.

The monastery is in the middle of the athonite peninsula, on the way from Daphne to Karyes and is dedicated to the 40 Martyrs.