The company said it planned to fully absorb Touristika Theretra SA by the end of 2018.

Mindlin was able to invest in Greek properties -at a relative bargain- at a time when the country has been experiencing its crisis pick and was engaged in MoU agreements with its creditors.

Following these acquisitions, the joint venture has almost doubled its portfolio in one year, in nine locations, four of which are located in Greece.

The company expanded its Athens footprint with the addition of a building, home to the Brazillian and Portuguese embassies, as well as Mastercard.

The international real estate firm said it has entered into a joint venture with NBG.

The five hotel businesses are located in the Greek Islands with two in Corfu, two in Zante and one in Crete.

The portfolio's net book value reaches €23,8million.

The project expected to create 500 job openings direct and 5,000 job openings indirectly.

The size of the store will be 8.000 sq.m. and it will open in the second semester of 2020.

Hard Rock International (HRI), the other candidate in the tender, has a 10-day deadline to object to the decision or to resort to the Council of State.