RICS's Global Commercial Property Monitor (GCPM) Q1 2023 report reveals a mixed picture of the real estate environment worldwide. Interest rate increases in many countries were balanced by a resilient macro environment due to stable labour markets.
Hilton announced a franchise agreement with Blackstone to open DoubleTree by Hilton Berlin Ku’damm.
Kopelouzos Group inks memorandum of cooperation with Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt's Infinity, to explore the possibility of jointly developing RES projects, which will supply green energy to the GREGY power interconnection cable.
The restoration of the three bridges of the Lilantas river in Chalkida is progressing rapidly.
The Deputy Minister of Finance, Apostolos Vesyropoulos, announced the inclusion of the reconstruction project of the Kouloura Market, where the Veria Customs House will also be housed, in the Recovery and Resilience Fund, with funding of €25 million.
The main goal remains TRADE ESTATES' listing to the market of the Athens Stock Exchange within this year according to what the FOURLIS Group reports in the financial results of the 1st quarter of 2023 that it published.
Mytilineos is close to a green energy deal in North America, MYTILINEOS Energy&Metals President & CEO Evangelos Mytilineos said in an interview with Bloomberg TV.
The Produce e-Green action was published in the Government Gazette, to support investments in the creation of industrial units that will produce products of the electric mobility chain, RES and energy saving products.
Athens during the first quarter of the current financial year is estimated to have 82,750 additional residential properties for sale in the price range of €500,000 – €1 million. The number of residential units was increased by 276% relative to the corresponding quarter of 2022.
Liquidity conditions improved on the back of Greek banks’ unimpeded access to money and capital markets. The Greek banking sector’s capital adequacy improved further to a satisfactory level, above the regulatory minimum.
Six Senses undertakes management of the hotel complex planned to be developed in the southern part of Megalonis. Six Senses and Grivalia Hospitality signed the relevant contract for the flagship luxury hospitality project "Six Senses Megalonisos".
IDEAL Holdings announced a 10% increase in EBITDA profits and a 2% increase in revenue for the first quarter of 2023 compared to the same period last year.
Tritax Big Box REIT has acquired a urban logistics park in Birmingham for £58.5m, at a 4.5% net initial yield and a reversionary yield of 6.7%.
Intracom emerged as I. Kloukinas - I. Lappas' main shareholder with 74.2% stake in the company. They will proceed with a mandatory public offering for the acquisition of all the company's shares.
Three investment projects in the port of Piraeus are temporarily halted, following a relevant decision of the suspensions committee of the Council of State discussed on March 24, 2023 following an appeal by mayors (Keratsiniou-Perama) and residents of the area in 2021.