Greece

The acquisition price of the property reached € 1.14 million, approximately 30,000 higher than the first auction price.

The total investment will be in the region of €35m and will be funded by the proceeds of the green bond that PRODEA issued in July 2021.

The corresponding index in November 2020 had recorded a decrease of 9.9% compared with November 2019.

Expected to open in summer 2022, W Costa Navarino is anticipated to mark the latest addition to the ever-expanding W Escapes portfolio in Europe following locations in Spain, Switzerland and Portugal.

In the ten-year planning 2023-2032 of IPTO, the interconnection of Greece - Egypt is mentioned for the first time.