Upon completion, in addition to permanent and temporary exhibition spaces, it will offer a ground floor multi-purpose space, retail, restaurant, cafe and event and training spaces.

According to a Danos – An Alliance Member of BNP Paribas Real Estate report, rents in Athens are over €370/sq.m per month for prime locations with yields at 5.75%.

The park is expected to enhance its extroversion and ability to attract high-tech investment from the international environment.

The average occupancy rate for the properties is 94%

The highest financial bid will be declared successful.

Sienna Investment Managers acted as Investment Manager for Arkea Real Estate Investment Management.

The acquisitions have been made using the proceeds of November's €165 million (£147 million) capital raise.

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

Union Investment was advised on the transaction by JLL and Linklaters Stockholm.

In the EU, in the fourth quarter of 2023 compared with the same quarter of the previous year, the costs of hourly wages & salaries increased by 3.8%