Work is expected to begin on the scheme in the second quarter of 2023.

The hotel, located near Sarakiniko beach, has a total of 30 suites, each offering a private pool and uninterrupted sea view.

The LogPark has a lettable area of around 159,000sqm.

Prices also declined for the first time since early 2020, with the median price down 5.5%.

The JV will continue to trade Student Roost under its widely-recognised existing brand.

Market real estate agents are talking about a drop in deals for luxury homes that will continue in 2023.

The merger was completed in accordance with art. 6-21 and 30-38 of Law 4601/2019

The purchase price was at €31.5 million and the acquisition was financed by the funds raised from Prodea's green bond.

The total consideration of the Transaction corresponds to c.26% of gross book value.

The transaction's completion is estimated to take place within the first quarter of 2023.