
The fair value of the Group’s investment properties (incl. inventories) amounted on December 31, 2023, to €167.5mn vs €97.0mn as of December 31, 2022

The management of the hotel and the branded residences will be assigned to an internationally renowned management company.

Prices remain at levels that many buyers find difficult to finance, especially with the benchmark lending rate at a 16-year high.

The solution to the housing problem is to transform the unused and abandoned State properties with a set of apartments, commented Mr.Stasinos

The Project Preparation Facility (PPF) unit of HRADF undertakes the maturation and implementation of the tender process, with the Beneficiary being the Ministry of Shipping and Insular Policy as the Ministry of Responsibility