Noval Property continued the active management of its income producing assets, as well the development of other assets of its portfolio, mainly in the office, logistics and residential sectors.

The changes in the law also provide for a 30% discount on the purchase of the property.

The minister stated that the limits on property transactions were no longer necessary in the current economic and market conditions.

Proforma results

The estimated budget for the construction of 75 sqm residences, which will cover an area of 700+ sqm, is approximately 1,400,000 euros.

After the project implementation, there will be no need for time-consuming searches of paper files.

In 2023, Accor opened 291 hotels, corresponding to 41,000 rooms, i.e., net network growth of 2.4% in the last 12 months.

The new unit will be built on a company-owned plot, recently purchased for this purpose in the 1st Industrial Zone of Volos.