COP29, held in Baku, Azerbaijan, has underscored the critical intersection of urbanization and climate action, placing significant emphasis on the real estate sector's role in achieving sustainable development. As urban areas contribute nearly 70% of global carbon emissions, the discussions at the summit revolved around decarbonizing cities, enhancing resilience, and ensuring that urban development aligns with global climate targets, including the Paris Agreement.

Today, Thursday, November 28, the closing of the transaction between GEK TERNA and Masdar for the acquisition of a majority stake in TERNA Energy is set to take place.

Deutsche Bank AG has successfully completed the sale of nearly $1 billion in loans tied to U.S. commercial real estate, thereby reducing its exposure to an asset class that had significantly impacted the bank.

According to a KPMG's analysis, Australians are increasingly using cash to renovate existing homes rather than building new ones, a trend that is contributing to the ongoing slump in housing construction.

The growth of the hotel market has decelerated over the past three years, both in terms of short-term rental accommodations and the addition of new hotel units to the country’s overall capacity.

Endless EC has successfully completed the installation and commissioning of a 950 kW photovoltaic plant at its factory in Aspropyrgos.

Tens of thousands of Spaniards gathered in central Barcelona on Saturday to protest the rapidly rising cost of apartment rentals in the city's popular tourist districts.

Eurobank's newly established Private Banking and Corporate & Investment Banking divisions in Thessaloniki are now located in a landmark building situated in the very heart of the city.

The Abu Dhabi Future Energy Company (Masdar) and the Albania Power Corporation (KESH) have announced plans to build a “gigawatt-scale” renewable power portfolio in Albania.

Recent shifts in the European economic landscape have sparked significant developments for real estate markets, driven by lower interest rates, evolving policies, and changing investment dynamics.

A key milestone has been reached in the redevelopment of the iconic former "FIX Brewery" facilities at the western entrance to Thessaloniki with the issuance of the Presidential Decree (Government Gazette D' 805/2024). This decree marks the activation of the site’s urban planning process, unlocking its potential for future development.

Following its recent agreement with AKTOR and the sale of 57 properties to AKTOR REAL ESTATE, valued at approximately €600 million, Prodea Investments has completed the sale of a new real estate portfolio to Trastor. This portfolio consists of three distinguished office buildings, all fully leased under long-term lease agreements.

The agreement for the sale of 20% of Ariadne Interconnection's shares — the company responsible for the Crete-Attica electricity interconnection — to State Grid International Development (SGID) was signed by IPTO.

As COP29 unfolds in Baku, global attention is being paid to the urgent need to decarbonize cities and reform urban development practices. Real estate plays a critical role, intersecting both urbanization trends and the management of individual buildings. With the European Union emphasizing green infrastructure and resilient urban planning, this summit highlights strategies to reduce emissions, promote sustainability, and address climate resilience challenges.

The Consumer Prices Index, including owner-occupier housing costs (CPIH), rose by 3.2% in the 12 months to October in UK, up from 2.6% in September.