The future Meliá Bečići Budva will have 294 suites, of which 140 will be apartments measuring up to 118 sqm, all designed to adapt to the different needs of different types of travellers.

The acquisition is part of its property development arm Gamuda Land’s quick-turnaround-project (QTP) strategy

Lamda Development organized a second event-tour in the site.

The seller is Bain Capital that had purchased the property in 2017

Sotheby's International Realty's the Luxury Outlook report is for the first time published to cover also Greece.

Rising interest rates, a slowdown in the commercial real estate (CRE) market and the proliferation of remote work pose challenges for smaller firms that made risky loans to finance office buildings, the analysts said.

Family businesses bounced back after the COVID-19 pandemic.

The airport has not undergone an expansion since 1998.

Ortega, who controls 59% of Inditex, has to invest that amount within the year because of the legal and fiscal rules that govern family offices like his Pontegadea.