MYTILINEOS declares new corporate structure

|

15.12.2022

MYTILINEOS presented its new strategy for value creation and continuous growth. Chairman & CEO Ev. Mytilineos, welcomed all to a new era for MYTILINEOS, based on the global trends of energy transition and digital transformation and focused on sustainable development and circular economy.

CASTLELAKE increases stake in Prodea to 92,04%

|

15.12.2022

Prodea Real Estate Investment Company Société Anonyme (the Company) informs the investment community, in accordance with the provisions of law 3556/2007, as in force, and Regulation 596/2014 that, according to the TR1 notifications of law 3556/2007 submitted to the Company on 13.12.2022 by the legal persons INVEL REAL ESTATE B.V. and CASTLELAKE OPPRTUNITIES PARTNERS, LLC, the following were disclosed:

The brand new BriQ Properties' HQs in the center of Athens

|

15.12.2022

BriQ Properties REIC has relocated in its brand new privately owned offices, 260 sq.m. approximately, on the 3rd floor of 3 Mitropoleos Street, Syntagma Square.

Quite improved data for the evolution of turnover of enterprises in all sectors

|

15.12.2022

ELSTAT unveils the Evolution of Turnover of enterprises in all sectors of the economy, incorporating the most recent data on turnover from Administrative Sources for October 2022. the report follows another recent on regarding the enterprises that were under Suspension of Operation due to the pandemic of the corona virus disease 2019 (COVID-19).

Trastor's rental reveunue reaches €5,6M in the third quarter of 2022

|

15.12.2022

Trastor REIC recorded a 26% increase in rental revenue, which reached €5.6 million in the third quarter of 2022 compared to €4.5 million in the corresponding period of 2021.

PPC ink exclusivity agreement with Enel Group for possible acquisition of the latter's stake in Romania

|

15.12.2022

Enel S.p.A. announced that has entered into an Exclusivity Agreement with Greek company Public Power Corporation S.A. (“PPC”) in relation to the potential disposal of all the equity stakes held by Enel Group in Romania (“Target Assets”).

Deadline extension for the small off-plan plots deviations' arrangements

|

15.12.2022

The Ministry of the Environment submitted in parliament a legislative regulation -comprised in a Ministry's of Health bill- to adjust the conditions under which stadiums with an even deviation will be possible to maintain buildability status beyond the December 9, 2022 deadline that was in force until today.

€40M in infrastructure projects are currently being deployed in Greek territory

|

14.12.2022

Minister Kostas Karamanlis speaking at the Hellenic-French Forum in Paris unveiled plans of c.€13M infrastructure projects that are to be implemented by the Ministry of Infrastructure and Transportation. From these projects more than €10 billion have been tendered and almost €5 billion contracted

Land Registry declaration applications deadline is expected to be extended by seven more months

|

14.12.2022

The possibility of declaring written rights in the Land Registry will be extended by seven months, i.e. until July 31, 2023, without imposing a fine on property owners who delayed the submission of declarations during the land registration by region of the country. This possibility is being examined under a provision that is expected to come in Greek Parliament.

Twitter reportedly hasn’t paid rent on its office spaces for weeks

|

14.12.2022

In an effort to cut costs following Elon Musk’s $44 billion acquisition of Twitter, the social media company has stopped paying rent, according to a report from The New York Times.

Mitsis group was declared the successful bidder to transform former IDEAL cinema premises into a 4star hotel

|

14.12.2022

Mitsis group was declared the successful bidder to transform an EFKA's preserved property into a four star hotel through a relevant tender of the insurance fund, offering €70,000 as a monthly rent.

Signs of market saturation in the Athenian hotel industry

|

13.12.2022

The rapid spread of short-term rental accommodation has covered an overwhelming percentage of the large increase in demand for accommodation services in recent years in Athens

The refurbished Athens Conservatory

|

13.12.2022

The refurbished Athens Conservatory was inaugurated by the President of the Greek Republic Katerina Sakellaropoulou

TITAN Group achieves top score A by CDP for leading climate action

|

13.12.2022

TITAN Group has received a top “A” score on climate action from the environmental non-profit organization CDP*.

Winter holiday homes' asking prices plunge this season

|

13.12.2022

Remarkable reduction in winter holiday homes' asking prices was recorded accroding to Geoaxis, Winter Home Value Observatory. The COVID-19 in addition to the current difficult economic conditions are negatively affecting this particular market with prices reduced by approximately half (-56%) compared to the high values of 2008.