The investment is expected to reach c.€211 million.
The transaction is considered to be in line with Piraeus general strategy to reduce costs and exploit its assets and is estimated to result reducing its operating costs c.€5 million annually.
The position was previously held by Sotirios Karamagiolis.
The increased participation of Renewable Sources in the energy mix, also brings significant financial benefit to consumers.
According to the figures to date a cumulative amount of more than €4.72 million that have been allocated.
While the S&P 500 slid 21% year to date, REITs plunged 30%, per the MSCI US REIT Index. CNBC reports
Mr. Kormas will keep a close cooperation with "Piraeus Real Estate Management SA".
The project refers to an area of approximately 300 thousand square meters at the northwest end of the Park.
In order to improve the space used by the visitors, the technical services of the municipality installed new turf on an area of 805 sq.m.