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Invel Real Estate (Invel) on Thursday announced it has taken full control of NBG Pangaea REIC after the acquisition of National Bank’s equity stake by Invel Real Estate BV (29.8 pct) and CLHermes Opportunities LP (2.9 pct) for 390 million euros, raising its equity stake in Pangaea to 98.5 pct. Invel successfully financed a call option to buy the remaining 32.7 pct of Pangaea as announced in March 31.
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Intercontinental International REIC hereby informs the investors that it proceeded with the sale of 1 horizontal property (residence), with total surface 98.60 sqm located at 44, Fokianou street in Athens.
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Intercontinental International REIC S.A. announces that it concluded the disposal of a building having a total area of 2,574.81sqm.
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Intercontinental International REIC has informed investors for the resignation of Mr. Marios Apostolinas from the position of Executive BoD Member, Managing Director and Chairman of the Company’s Investment Committee.
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More buildings in Greece will meet latest standards of sustainability and eco-friendliness thanks to an EBRD €50 million loan to Pangaea, the country’s leading real estate investment company.
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Pending decision by the Competition Commission.
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The IKOS Sunny group operates 9 unique, privately owned resorts in Halkidiki, Corfu and Kos.
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Files under evaluation, worth more than 7 billion euros, are under evaluation in Enterprise Greece
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The company is promoting an investment program of € 3 million.
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He called on banks to take additional provisions to cover the new wave of rising bad loans.
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The development was expected as the area is directly connected to the so-called "military unit" of the Shipyards, which is under special management.
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The Special Urban Plan (EPS) will modernize the football facilities of PAOK FC.
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According to the Minister of Finance, the state will cover a significant part of the financial and health consequences.
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It is estimated that the long-suffering metro project will be delivered in 2023.