New standards in cemetery development set by the architectural office Objektor

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12.03.2024

Czech architecture studio Objektor has created a cemetery outside of Prague defined by a grid of low-rise concrete extrusions and a monolithic utility building.

NBG group reports soaring PAT in 2023, at €1,2Β

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12.03.2024

National Bank's Group-wide organic profit after tax reached €1.2 billion in 2023, growing by 2.5 times annually.

Riken Yamamoto was selected as the 2024 Pritzker Architecture Prize Laureate

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12.03.2024

Riken Yamamoto, was selected as the 2024 Pritzker Architecture Prize Laureate, the 53rd honoree of the Pritzker Architecture Prize, and the ninth architect from Japan to receive this recognition.

HFSF prepares to offload its shareholding in the Greek Banking system

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11.03.2024

After the recent successful disposal of stake in Piraeus Bank, the HFSF is close to the complete disinvestment from the 4 systemic banks.

Tender process for the Camping "Agias Triadas" was launched

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11.03.2024

HRADF, a member company of the Superfund, announced the beginning of the bidding process for the development of the "Agia Triada Beach and Camping" property, with a total area of 161,456.84 sqm, located in the Municipality of Thermaikos of the Regional Unity of Thessaloniki, Region of Central Macedonia .

Proptech as a transforming catalyst for the real estate industry

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11.03.2024

The integration of technology in commercial real estate, through Proptech solutions, is transforming the way properties are developed, marketed, managed, and utilized.

Green office spaces dominate the Greek Market

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06.03.2024

The office sector has been hit globally in 2023 as the return to the office could be faster, and most companies use the hybrid work model. Moreover, increased construction costs and high inflation do not favor the office market. Rising interest rates have been a drag on new construction projects, raising the cost of buying and refinancing real estate.

TECHNICAL OLYMPIC S.A. acquires stake in both Eneresco 1 and Eneresco 2

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05.03.2024

"TECHNICAL OLYMPIC S.A." informed the investors that on March 4, 2024 it acquired 100% of the company's company shares under the name "ENERESCO 1 SINGLE MEMBER PRIVATE CAPITAL COMPANY" and the distinctive title "ENERESCO 1 SINGLE MEMBER P.C." for a consideration of €384,000.

BLG Capital sells Amanruya Bodrum, Turkey, to a domestic investor

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05.03.2024

Istanbul-based private equity firm BLG Capital has finalised its sale of the Aman-branded Amanruya hotel, situated in a secluded location close to the Turkish coastal beach resort city of Bodrum.

Passenger traffic in El. Venizelos reached 1.6M in February

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05.03.2024

Passenger traffic at Athens International Airport "Eleftherios Venizelos" rose by 18.4% in February, with 1.5 million passengers served.

Clarion Partners Europe acquires a €49.7M logistics in Netherlands

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05.03.2024

Clarion Partners Europe has bolstered its presence in the Netherlands with a strategic acquisition of a logistics warehouse in Helmond for €49.7 million, marking a significant addition to their Dutch portfolio.

NOVAL on a major development program of 94,000sqm

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05.03.2024

NOVAL has announced profits for the year 2023 that amounts to €64.6 million. Their investment property portfolio has also increased to €582.6 million, showing an increase of €84.8 million compared to the same period last year. Additionally, NOVAL is currently working on a major development program which spans across 94,000 square meters.

The unsolvable technology deficit acts as a hurdle for global tech firms

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05.03.2024

In the volatile environment of the last 15 years, telecom operators are still struggling with the unsolvable technology deficit.

Real I.S. acquires historic building in Munich from LaSalle

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05.03.2024

Real I.S. has purchased an office property, with a total rental area of c, 6,657m2 in Munich’s Haidhausen quarter for its specialised institutional alternative investment fund (AIF) invested in German assets.

BoG: Apartment prices remained high in 2023

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05.03.2024

According to the Bank of Greece' provisional data, apartment prices (in nominal terms) are estimated to have increased on average by 11.8% year-on-year in the fourth quarter of 2023.