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The Fourlis Group has made a strategic move by utilizing its subsidiary Trade Estates REIC.
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The acquisition of the industrial complex in Piraeus 260 (previously known as the Tsaoussoglou Factory) from the Ministry of Culture, along with the transfer of ownership from the National Bank, has been successfully completed. The complex spans over an area of 31,687 sq.m. and features 15 buildings, most of which have been designated as monuments.
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Parsons Corporation has undertaken, through a contract with the Metropolis of Marseille and Aix-en-Provence (Aix-Marseille Métropole), the design and project management/construction of the Marseille Metro 10-year plan to improve and expand the passenger rail systemic.
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A historic high was reached in 2023 for clean electricity production in Greece, with 57% of the energy mix coming from Renewable Energy Sources (air, solar) and hydroelectric units, exceeding 25 TWh.
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The contract for the construction of the new office complex in Maroussi was signed between TERNA S.A. (100% subsidiary of GEK TERNA Group) and THE GRID S.A. (a joint venture of NOVAL PROPERTY and BROOKLANE), with a total budget of 96.5 million euros.
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In December, short-term rentals (STRs) in Europe hit a new record high with 26.7 million nights, which is 14.5% higher than 2020 and 17.5% higher than 2019.
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MIG purchases of offices of total net leased area of 1,128 sq.m. in a commercial building.
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The latest analysis by Elxis-At Home In Greece identifies an emerging trend in the holiday home market, with a marked increase in demand for holiday homes by Golden Visa investors.
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A state body for restoring abandoned preserved buildings could solve the problem in Athens and other major cities of Greece.
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The Special Spatial Development Strategic Investment Plan (SSP) of the Mitsi group's tourism investment in Elia, Mykonos will be in public consultation from Friday and for twenty days onwards.
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The GEK TERNA Group has reportedly submitted the winning bid for the "Study, Construction, Financing, Operation, Maintenance, and Exploitation" of the Chania-Heraklion section of the Northern Road Axis of Crete (BOAK).
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The Superfund hired specialist consultants PLANET and TRITON through a relevant tender to conduct a prefeasibility study for the development of the Corinth Canal Real Estate.
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For the fourth quarter of 2023, Protio presents its latest analysis of real estate trends in the domestic market, with a focus on the Attica region.
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Following the announcement of 11th December 2023, PRODEA Investments (Prodea) announced that on 24 th January 2024 it concluded the acquisition of an additional 55% stake in Mediterranean Hospitality Venture PLC (MHV*) from the Cypriot group of companies Yoda PLC.
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According to Savills UK forecasts, eight asset classes are expected to have annualized returns of more than 8% in 2024, including commercial property.