The transaction price amounted to 12.3 million euros.

Skyrocketing prices for building materials and falling demand for residential units are putting pressure in the market.

The tender is scheduled in the beginning of 2023 with the an initial cost estimated at around €250 million.

The works that have been completed to date by the Region's crews.

The property is expected to be delivered by the end of 2022 and certified for its bioclimatic features according to LEED Gold, providing optimal working conditions and energy savings.

The State counselors noted that due to the new uses that are expected to attract a large volume of visitors it is necessary to prepare a new traffic study

HRADF's tender process for the development of the property takes place in a single phase.

The seasonally adjusted Overall Turnover Index in August 2022, compared with the corresponding index of July 2022, increased by 1.2%.

Seven five-star hotels, with a total investment reaching millions of euros have been added to the city's potential in recent years, especially after 2017.

The transaction is the first investment in Green Energy financed by the proceeds of the €230m Green Common Bond Loan.