The management of the hotel and the branded residences will be assigned to an internationally renowned management company.
Under the PPA signed, MYTILINEOS will be able to offtake 80% of the energy produced, enhancing further its green supply basket.
Union Investment was advised on the transaction by JLL and Linklaters Stockholm.
A study by IOBE presented jointly with TMEDE estimates that more than €52 billion will "fall" on the market in the next three years.
Construction of the scheme has commenced with cores for each block now complete and completion still on track for 2026.
The total amount of the investment will reach 20 million euros.
The construction contract amounting to 100 million euros
The contractor is expected to be declared by the end of the week.
It holds an approx.18% stake in the National Bank and a 70% in the Bank of Attica.
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