BNP Paribas announced that it has signed an agreement with HSBC for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1 to more than €40bn.

China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation officials are preparing to ramp up efforts to revive growth.

"The companies that are to succeed in the real estate sector in the next decade will be those that will deliver benefit to both investors and society as a whole," said Jean-Pierre Hanin, CEO of Cofinimmo while taking over the EPRA Chairmanship. "The macroeconomic and geopolitical environment has dominated the markets worldwide since 2022, following the Covid crisis."

Premia Properties achieved an increase in profits before taxes to €13.1 million for the first half of 2024 compared to the corresponding period last year.

"The owners and managers of private spaces are responsible for the management of the greenery (trees, bushes, etc.) that grows within the boundaries of their plots" says the Municipality of Kifissia in a recent announcement.

Holiday home prices in Greece have continued rallying during 2024, as a result of high demand and foreign buyers’ preference for larger and more luxurious properties.

Hines has acquired ‘Scape Dublin’, a purpose-built student accommodation (PBSA) asset located in the heart of Dublin 2 on behalf of the firm’s Core Plus fund, Hines European Property Partners (HEPP).

The second trial of Vietnamese real estate tycoon Truong My Lan - who was sentenced to death for financial fraud in April - has begun, state media reported.

Few days ago the Council of the Municipal Community of ASklepieio of the NE of Southern Rhodes has possitively voted for the environmental impact study regarding the investment of a 5-star hotel in the Kiotari area.

Grivalia Hospitality has formed a portfolio in Greece with six luxury hotel projects in operation, with a total capacity of approximately 500 keys in Athens, Porto Heli, Paros, Thessaloniki and Crete, with a value exceeding 1 billion Euros in its five years of operation.

The European housing market has recently undergone significant adjustments due to changes in mortgage financing and floating interest rates, with our country ranking low in terms of loans disburded in 2023, mounting at c.€1.2 billion.

Noval Property reported an approximately 15% increase in rental revenue in H1 2024 to EUR 15.9 million, up from EUR 13.8 million in H1 2023. This is the result of continuous active asset management of existing properties, new tenant leases and rental adjustments to existing tenant leases, as well as robust footfall and increased tenants’ sales turnover at the Company’s retail assets.

Blend Development expands its portfolio with the successful completion of the purchase of two buildings located at 74 Syngrou Street and 30 Piraeus & Geraniou Streets.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announced that the fire which broke out in the afternoon of 17 September 2024 in the southern area of the Refinery of the Company has been put out.

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, announced the acquisition of a majority stake of 67% in the share capital of the company “Heraklion Port Authority S.A.” (HPA S.A.) against a fee of 80 million euros, by the consortium consisting of the companies “Grimaldi Euromed S.p.A.” and “Minoan Lines S.A.”.