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The Greek real estate market maintained high levels of both international and domestic demand, especially for the high-end segment during 2023 according to the data provided in the Bank of Greece' recently unveiled report.
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As of December 31, 2023, the total portfolio developed and managed by the Group (Assets under Management - AuM), through the Company, subsidiaries, and joint ventures, consisted of 20 projects in various stages of completion, in urban areas throughout Greece, with uses of offices, logistics, residential and hotel complexes, luxury homes as well as and mixed uses
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Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has completed on four previously announced notarised acquisitions in Germany and the U.K., totalling over €100 million in aggregate.
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PATRIZIA, a leading partner for global real assets, has expanded its pan-European circular economy platform with an investment in Greenthesis S.p.A, Italy’s leading independent and fully integrated waste management company, at an equity value of approximately EUR 340 million.
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The Ministry of Tourism proceeded to seal part of the Cocomat Athens BC Hotel premises in execution of order no. 15/2023 of the minutes of the Three-member Compliance Council of the Council of State.
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A new law significantly amends the conditions for granting a Golden Visa. The Ministry of National Economy and Finance proposed the law to incorporate the Directive (EU) 2022/2523 of the Council, which aims to ensure a global minimum level of taxation for multinational business groups and large-scale domestic groups in the European Union (Pillar II), along with other customs and tax provisions.
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Leading Cyprus group Thanos Hotels and Resorts announced on Wednesday it is entering the Greek luxury hospitality market with a three-year investment plan aimed at opening 10 new hotels.
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MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS) in Consortium with Siemens Energy Global GmbH & Co. KG and Siemens Energy sp. z o.o. (SIEMENS ENERGY), has undertaken the construction of a 560 MW CCGT power unit with associated infrastructure at the Adamów Power Plant in the area of Turek in Poland.
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Gucci owner Kering buys Milan building for €1.3bn in Europe’s biggest property deal since 2022.
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Berkshire Hathaway HomeServices at its global exhibition "2024 Real Estate" unveiled the new trends and needs arising in a changing real estate market, while offering real estate advice.
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High inflation and consequential rises in interest rates had major impacts on investment markets throughout 2023, including slowed hotel transaction activity in Europe. Reaching €10.7 billion overall , total volume was 19% lower than in 2022, which represented the second lowest level of investment in the last decade. There were 6% fewer transactions than in 2022, indicating that the average price per room was also down in 2023.
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Turkey's inflation rose for a fifth consecutive month, approaching 70% despite a series of aggressive interest rate hikes.
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The Group posted in 2023 a strong operating performance with the Group’s EBITDA increasing by 170% from €7.1mn in 2022 to €19.2mn in 2023
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The Council of State (StE) rejected the appeal filed by the Vinci - Mytilineos consortium for the Attica Road concession tender.
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For the twelfth year, HELLENiQ ENERGY rewards, within the framework of the "Proud of Youth" corporate responsibility program, up to thirty excellent final students and University graduates who wish to continue their studies in prestigious Greek and international university institutions, with the acquisition of a master's degree.