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Sirius Real Estate Limited, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has notarised the disposal of an industrial park in Maintal, in Germany’s southwest Hesse region, for €40.1 million, representing a net initial yield of 5.7%.
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The restoration of the premises of the historic cinemas Attikon and Apollon, both of which have been seriously damaged by decades of misuse, is now on track. A newly founded firm of Yiannis Perrotis has been appointed to find the optimal solution for the utilization of the emblematic property that, among other uses, used to house two historic cinema halls.
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PPP projects for the construction of student residences in major Greek universities are being used as a solution to the major issue of student housing in the country. However, according to construction industry executives talking to eRED, student residence development projects in Thrace, Thessaly, Crete and West Macedonia, with a budget exceeding €500 million, are making slow progress.
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An exclusive interview, conducted under the auspices of this year’s RICS World Built Environment Forum 2023, where Dr. Jens Hirsch participated as a speaker on the panel discussion “Towards net zero: Analysing sustainability investment practices, ESG strategies, and beyond”.
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The Hellenic Statistical Authority (ELSTAT) announced the seasonally adjusted estimates of employment and unemployment for September 2023.
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Europe's housing market appears to be at its worst, with millions of first-time homebuilders facing a decades-long collapse in the construction industry.
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The anti-flood works for the regulation of the Sappho Stream in Marousi, amounting to €24,452,800, are to be included in the NSRF Program "Environment and Climate Change".
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Aria Hotels is expanding its portfolio in Athens with the Aria Boutique Hotel located on Andrianou Street in Thisio.
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The draft law of the Ministry of Digital Governance, which was presented to the cabinet and which is expected to be immediately put to public consultation, aims at faster transfers of real estate, in combination with the reduction of bureaucracy with the abolition of TAP
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Greek hotel brands that have joined an international chain have popped by 80% in the last five years. According to a recent analysis by GBR Consulting, 160 hotels are operating today under international brand names, offering a total number of 26,540 rooms, and are part of one of the 35 international chains that currently operate in Greece.
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The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, received on Wednesday, November 1, 2023, one offer in the tender process
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Profits from the business activity of self-employed individuals will now be taxed with reference to the minimum wage. The new system will be applied to sole proprietorships, excluding farmers and the self-employed with APY.
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BNP Paribas Real Estate has predicted that super prime office rents in London’s West End could hit £300 per sq ft by December 2024, as it says demand continues to outstrip the constrained supply of space.
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Premia Properties proceeded with the sale of a property on 166 Orfeos Street in Votanikos-Elaion for a price of €5.5 million.