Alpha Leasing breaks into two entities, Bain Capital acquired the Andros portfolio

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21.06.2024

Alpha bank establishes a new company to which Alpha Leasing's serviced contracts will be transferred along with their related real estate collaterals.

Masdar and GEK TERNA strike landmark €3.2B deal

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20.06.2024

Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today that it has reached a definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders of TERNA ENERGY SA (TENERGY.AT), with the intention to acquire initially 67% of the company’s outstanding shares at completion of the transaction, subject to regulatory approvals and other conditions.

Energean Strategic sale of Egypt, Italy and Croatia portfolio to Carlyle

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20.06.2024

Energean plc (is pleased to announce that it has entered into a binding agreement for the sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners (“Carlyle”) for an enterprise value (“EV”) of up to $945 million, of which $820 million is firm (the “Transaction”).

Greek current account deficit up yoy in April

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20.06.2024

In April 2024, the current account deficit increased year-on-year, mainly due to a deterioration in the balance of goods and, to a lesser extent, in the secondary income account, while the balance of services and the primary income account improved slightly.

Former Hilton Athens is being regenerated into "THE ILISIAN"

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20.06.2024

The historical building that used to house the Hilton Athens for more than half a century is being rebranded in "THE ILISIAN". The unit will reopen under Hilton's Conrad and Waldorf Astoria brands.

A primary surplus of €1.6 billion was recorded in the five months of 2024

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19.06.2024

The primary surplus of the Greek government budget was recorded at €1.6 billion in the five months of January - May on a cash basis, compared to €2.9 billion in the corresponding period last year.

Strong interest for holiday homes in Crete, Ionian and the Western Greece

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19.06.2024

The increase of foreign investors' demand for a country house in Greece and in regions such as southern Crete, Western Greece and the Ionian Islands, has resulted in a rapid increase of private building activity in the those areas.

METKA ΑΤΕ to undertake the construction of the Riviera Galleria in the Ellinikon

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18.06.2024

LAMDA DEVELOPMENT S.A. announced that the 100% subsidiary company LAMDA RIVIERA S.M.S.A. completed the process for commissioning the construction of the commercial destination Riviera Galleria to the construction company METKA ATE, a 100% subsidiary of Metlen Energy & Metals (formerly MYTILINEOS).

New deal in the southestern Europe's logistics industry

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18.06.2024

Streem Global expands its network in Serbia through the acquisition of the Nami company, confirming its leading position in the logistics industry in SE Europe.

G. Prokopiou's ZEPKO invests in education buildings, residences and offices in The Ellinikon

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18.06.2024

Lamda Development has announced changes to its shareholder composition with the entry of shipowner Giorgos Prokopiou.

Number of visitors in Greek Museums up in February 2024

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18.06.2024

The Hellenic Statistical Authority (ELSTAT) announced the results of the Survey on Museums and Archaeological Sites Attendance for February 2024. More specifically:

Invesco RE partners with Barwood to create new logistics in Birmi

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18.06.2024

Invesco Real Estate is partnering with Barwood Capital (Barwood) to refurbish and develop circa 500,000 sq ft of logistics space in Birmingham.

Trade Estates is gainning momentum in projects' development

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17.06.2024

Trade Estates REIC projects are developing intensively and with all financing (of the order of €145 million) been secured.

Three of Dimand's iconic projects are expected to go under the hammer

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14.06.2024

Dimand is apparently in talks for the sale of three projects to domestic institutional investors, according to what the company's management unveiled in the context of the REIC's shareholders General Assembly.

HotelBrain inks lease for the former Hotel Nikopolis

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07.06.2024

HotelBrain announced agreement with the company NIMTENKO AE, owned by Mr. Telis Mystakidis, for the lease of the hotel in Thessaloniki, known as the former Hotel Nikopolis.