Apanema Resort is a building complex that spans 1,544 sq.m., on a 2,743 sq.m. land plot and is based in Tagou area Mykonos Town that is considered to be a privileged suburb of the islandic town.

The company has accepted the resignation of Mr. Christos Panagiotopoulos.

Spyridakos Group IKE s expected to acquire building facilities and hotel equipment though a €1.127 million total investment.

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".