The deal also marks a broader resurgence of foreign capital in Manhattan, particularly from the Gulf region.

Signaling weaker domestic demand

In service sectors such as tourism, hospitality, and retail, the concept of productivity is primarily associated with physical presence.

The facility is expected to become operational by the first quarter of 2027.

New cycle lane on Panagouli Avenue to connect existing infrastructure and serve key community facilities.

Purpose-Built Student Accommodation (PBSA) facilities are gaining market share, offering strong returns and a sustainable profile, according to Hines.

The Social Climate Fund will have a budget of €4.7 billion.

According to the CEO, the project encountered significant challenges, including extensive bureaucracy, complex licensing procedures, and the lasting repercussions of the decade-long economic crisis.

Airbnb is testing this feature as affordability is a top priority for guests, according to the company.