New strategic player in the Greek real estate industry

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25.11.2022

Inventio and Panos Panagiotidis (former Chief Operating Officer of Dimand A.E.) have launched a joint firm that will operate in real estate development and exploitation

Retail trade turnover in the third quarter of 2022 amounted to €16.73B

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24.11.2022

The Hellenic Statistical Authority (ELSTAT) has unveiled its sectoral publication that presents in detail the evolution of the sales/turnover of all classes of activity of the retail trade section.

Athens' Ermou street lists 14th as Cushman's main streets across the World

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24.11.2022

Almost three years after the onset of the global pandemic, the retail industry has been through one the biggest stress tests imaginable, but best-in-class real estate has remained robust – and even emerged stronger in some markets.

ELLAKTOR reports increased sales in the first nine months of the year

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24.11.2022

ELLAKTOR Group has reported being in a profitable growth path, with sales increasing by 16% to €739m during the first nine months of the year and EBITDA up by 67% to €176m in the same period.

Why does the Greek real estate market is so appealing

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24.11.2022

A Handelsblatt's extented report explains the reasons why foreign and particularly German investors pick Greek real estate.

German property market is expected to slow according to the country's central bank

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24.11.2022

Germany’s central bank is predicting a slowdown but no significant correction in the country’s property market despite warnings of overvaluation, according to a report published Thursday.

IPTO commissions Hellenic Cables for the Lavrio-Serifos and Serifos-Milos electrical interconnection projects

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24.11.2022

Hellenic Cables, the cables segment of Cenergy Holdings, was commissioned by IPTO to carry out the Lavrio-Serifos and Serifos-Milos electrical interconnections as part of the 4th phase of the interconnection of Cyclades with the continental Electricity Transmission System, with a total length of 170 km.

AVAX completes sale of its participation in GEFYRA for a total of €60M

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24.11.2022

Further on the announcement dated 15.11.2022 regarding its participation in the GEFYRA SA concession, AVAX SA (the "Company") announced the conclusion of the transaction, in line with its strategy of divestment from certain mature participations, aimed at optimising the use of its assets.

More than €1B in Lamda's coffers from the sale of houses in the Ellinikon

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24.11.2022

Pre-sales for the majority of apartments, houses and plots in the Ellinikon are high, according to Lamda Development.

PATRIZIA launches new regional hub in Singapore

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23.11.2022

PATRIZIA, a leading partner for global real assets, will accelerate its growth in Asia-Pacific with the opening of its new APAC hub in Singapore.

Accommodation, F&B service activities' turnover in the third quarter 2022 jumps 38.6%

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23.11.2022

The Hellenic Statistical Authority (ELSTAT) with a sectoral publication, presents the map with the evolution of the turnover of enterprises classified in the Accommodation and Food and Beverage Service Activities divisions.

Pavăl Holding acquires CA Immο's Romanian based assets portfolio

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23.11.2022

Pavăl Holding, owned by the founders of DIY chain Dedeman, has inked a contract to acquire a portfolio of seven office properties in Bucharest -held by Austrian real estate developer CA Immo- for a total of €377 million.

Trade Estates properties portfolio reacehes c.€286 million of total value

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23.11.2022

Trade Estates, the subsidiary REIC of Fourlis Group, is preparing its listing to the Athens Stock Exchange that is currently in matured stage aiming at a public offering within the first half of 2023 -pending on market conditions.

GEK TERNA transfers its share interests in subsidiaries to its related entity HERON II VIOTIAS

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23.11.2022

GEK TERNA S.A. and TERNA ENERGY S.A., in the context of the continuous optimization of their organizational structure and in accordance with article 100 of Law 4548/2018 announced the transfer of its share interest in TERNA ENERGY TRADING LTD' to its related firm "HERON II VIOTIAS SA".

BoG:Travel receipts soar 78.3% in January-September 2022

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23.11.2022

Based on Bank of Greece's provisional data, the balance of travel services in September 2022 showed a surplus of €2,669.4 million, up from a surplus of €1,983.0 million in September 2021.