Greece
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Trade Estates inks deal with Ten Brinke for the first IKEA's International DC

This new center will be responsible for distributing IKEA products in Central and Eastern Mediterranean countries.

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The Greek Ministry of Culture acquires the former "Tsoussoglou" factory in Piraeus

The complex spans over an area of 31,687 sq.m. and features 15 buildings, most of which have been designated as monuments.

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  News Sustainability  |  Economy  |  Greece  |  Analysis
2023 poised to be a record year for renewable energy in Greece

In 2022, the coverage of total demand from Renewable Energy Sources (RES) generation was 50.12%.

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TERNA undertook the construction of "THE GRID" office complex

THE GRID office complex will be built on a plot of land of 16,100 sq.m. at the junction of Heimarra and Amarousiou-Chalandriou streets and will cover a total area of 61,500 sq.m.

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  News Economy  |  Tourism  |  Residential  |  Hotels  |  Greece  |  Analysis  |  Residential  |  Hotels
Airbnb on track for new record highs, with double digit increases expected in 2024

The average Revenue per available rental night (RevPAR) in 2023 was €90, which shows a 9.8% year-on-year increase and an incredible 36.8% increase from 2019.

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MIG acquires office property in the center of Athens

The purchase price amounted to €2.8 million.

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  News Investments  |  Economy  |  Greece  |  Analysis
Elxis: Golden Visa Investors Turn to the Holiday Home Market in Crete, Rhodes and Chalkidiki

Investors opt to acquire a holiday home of a lower price, between 300,000 and 400,000 euros.

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The GEK TERNA Group has reportedly submitted the winning bid for the Northern Road Axis of Crete

The concession period is 35 years, of which up to five (5) years (up to 60 months) is the design-construction period.