Dolphin Capital Investors' Kilada Hills Golf Resort development secures public financing

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08.09.2022

The Ministry of Development has approved the inclusion in the national development law Dolphin Capital Investors' investment in Argolis. The investment envisages the creation of an 18-hole golf course on a total area of 869 acres as part of the large tourist investment Kilada Hills Golf Resort, in an area near Porto Heli of Argolis.

Real estate market as the new haven for international investments during a challenging period

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08.09.2022

“Buckle up and don't smoke. The landing will be hard and in perfect storm.” Nouriel Rubini -the well-known "evil soothsayer"- noted during his EPRA Rethink 2022 opening remarks. In this particular case though his prognosis was more or less known to everyone.

Abandoned women's prison and courthouse in Berlin was converted into hotel

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07.09.2022

German practice Grüntuch Ernst Architects has converted an abandoned women's prison and courthouse in Berlin into a "tranquil" hotel.

The total value of Greek exports-dispatches up c. 40% in July

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07.09.2022

According to data unveiled by ELSTAT, the total value of imports-arrivals, in July 2022 amounted to 7,967.9 million euros (8,085.9 million dollars) in comparison with 5,801.5 million euros (6,838.1 million dollars) in July 2021, recording an increase, in euros, of 37.3%.

Blue Air suspends operations till September, 12

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07.09.2022

Blue Air, the largest private Romanian airline, has suspended all flights to and from Romanian airports until Monday, September 12.

Chinachem inks deal to purchase the Kaleidoscope for a total of €184M

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07.09.2022

Helical announced that it has exchanged contracts on the sale of the single asset company, Farringdon East (Jersey) Limited, which owns the long leasehold interest in Kaleidoscope, Lindsey Street, EC1 to Chinachem Group at a disposal price of £158.5m reflecting a capital value of £1,789 psf and a marginal premium to book value.

A SMERC, Laskaridis and Brown Hotels consortium acquires Intrum's Tethys project

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07.09.2022

According to information confirmed by sources familiar with the deal, Intrum's Tethys project has resulted in a SMERC of N. Karamouzis and Laskaridis group with Brown Hotels consortium.

Passenger traffic at the Athens International Airport jumps in August 2022

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07.09.2022

Passenger traffic at the Athens International Airport "El. Venizelos" airport reached 2.85 million passengers in August, slightly more than in July and -6.1% compared to August 2019.

e-EFKA in search of prospective investors interested in hotels and office properties

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05.09.2022

e-EFKA continues to exploit its real estate portfolio, having two tenders open while preparing three more properties in the center of Athens to be auctioned as well.

Why hotels' reception service is expected to be eliminated in the near future

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05.09.2022

A lavish lobby and a smiling man handing you a key is the image of the hotel industry in 2017.

The bioclimatic regeneration of the Metropolitan Park "Antonis Tritsis"

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05.09.2022

With the bioclimatic regeneration of the "smart" route, the broader aesthetic and functional upgrade of the Metropolitan Park "Antonis Tritsis", is being promoted from the Region of Attica.

PAG to Acquire Japan’s Huis Ten Bosch Theme Park

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05.09.2022

PAG, a leading investment firm focused on Asia-Pacific, announced that it has entered into an agreement with H.I.S. Co., Ltd. (“H.I.S.”) to acquire Huis Ten Bosch Co., Ltd. (“HTB”), one of Japan’s largest theme parks, for an equity valuation of approximately JPY100 Billion.

ExxonMobil-ELPE: hydrocarbon exploration survey program acelerates in the plots of Crete

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05.09.2022

A quantitatively and qualitatively upgraded seismic survey program to investigate the existence of hydrocarbons in the marine areas of Crete has been submitted by the ExxonMobil - ELPE consortium, with a commitment to complete it in two instead of three years, with the aim of having a clear picture from the surveys at the end of 2023.

IPTO: the benefit from the electrical interconnection of Greek islands to the mainland's grid is estimated at c.€8,5B

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05.09.2022

The electrical interconnection of Greek islands to the mainland's network, is expected to result in savings benefit ranging from €5.8 to €8.5 billion in over 25-years period (depending on the scenario for energy demand and the degree of penetration of renewable sources) According to IPTO, as soon as the project that is scheduled to be delivered by the end of the decade consumers will begin realising benefits.

Sarantis Group withdraws permanently from the Russian market

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05.09.2022

Sarantis Group informed the investment community of its decision to permanently withdraw from the Russian market in the context of the crisis between Ukraine and Russia.