EKTER inks deal to develop a c.€18.538.000

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22.07.2022

EKTER S.A. informed investors that, on July 20, 2022, inked contract with the United Arab Emirates for the construction of personnel training and assessment facilities center.

Dimand - Premia was declared successful the preferred investor for project Skyline

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22.07.2022

Dimand-Premia consortium was declared the preferred investor for Alpha Bank's project Skyline according to the bank' announcement.

Polygreen acquires logistics firm PERME Hellas

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21.07.2022

Polygreen announced the acquisition of Environmental Transport S.A. (PERME Hellas)

The Ellinikon weighs on Lamda's 1Q2022 results

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21.07.2022

LAMDA Development consolidated net results, after taxes and minority interest, in the first quarter of 2022 amounted to €7.7m loss, compared to €6.8m loss in Q1 2021.

Two urban redevelopment projects in Chania to be financed through the Recovery and Resilience Fund

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21.07.2022

The Municipality of Chania has approved the financing of two extremely important projects for the region, comprised in the Recovery and Resilience Fund of the Ministry of Finance, has the Mayor of Chania, Panagiotis Simandirakis, announced in the context of a Press Conference.

PwC: M&A through the early part of 2022 has undoubtedly been lower than that of 2021

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21.07.2022

Although M&A through the early part of 2022 has undoubtedly been lower than that of 2021, the numbers are not catastrophic—in fact, they are in line with healthy, pre-pandemic levels. But the growing uncertainty has cooled M&A in the first half of 2022 compared to the prior six months across all major regions.

HYATT and SWOT HOSPITALITY step foot in Santorini luxury hotel industry

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21.07.2022

The Hyatt subsidiary has entered into a franchise agreement with Thera Island Suites S.A., owner company of Magma Resort Santorini, managed by Athens-based SWOT Hospitality, to open the first Hyatt-branded resort in the Greek islands.

Invel completes Prodea's €600M landmark refinancing

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21.07.2022

Invel Real Estate, the real estate investment and asset manager focused on south-east Europe and other selected European markets, has completed the refinancing of the facilities used to acquire its 95% share in PRODEA Investments SA, the largest REIT in Greece.

CIG Hellas acquires Village Resort & Waterpark in Heraklion, Crete

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21.07.2022

The Cretan Investments Group Hellas proceeded with the acquisition of the Village Resort & Waterpark hotel unit in Heraklion, Crete.

Interest Rates and inflation against Listed Real Estate

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19.07.2022

Economic growth, inflation and nominal interest rates remained relatively low and stable across Europe in the past 15 years, but the global pandemic and the war in Ukraine have changed this picture. Higher interest rates and higher inflation are here to stay for a while, representing a challenge for listed real estate. But the industry is well prepared for it, according to EPRA.

Europa Capital launches €100Μ sustainable French Light Industrial Platform

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19.07.2022

Europa Capital, the pan-European real estate investment manager, in partnership with DeA Capital Real Estate France, announced the launch of the French Light Industrial Platform on behalf of its value-add fund, Europa Fund VI with a strong commitment on ESG framework and sustainable properties.

STAY by Kronos BTR platform acquires plots to develop 600 new homes

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18.07.2022

STAY by Kronos, the Build to Rent (BTR) platform by Kronos Real Estate Group and Nuveen Real Estate, has acquired two plots of land in Madrid and Barcelona to develop over 600 new homes under its innovative premium rental housing model.

Greek enterprises' turnover jumps 38,4% in May

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18.07.2022

The Hellenic Statistical Authority (ELSTAT) announced data on the evolution of turnover of all enterprises and sectors of the economy, incorporating the most recent data on turnover from Administrative Sources for May 2022.

NBG completes sale of Project Marina to Bain Capital Credit

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18.07.2022

Following the relevant announcement on October 16th, 2020, National Bank of Greece informed investors that it has completed the disposal of its 100% stake in a Cypriot Credit Acquiring Company to Bain Capital Credit.

Vegan materials and fittings in a small hotel in Fira

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18.07.2022

Greek architectural studio has designed a hotel in Fira on the island of Santorini using entirely vegan materials and fittings.