In periods of gloom like this one, when commentators see nothing but faults in most countries, it is worth highlighting the few that defy the prevailing pessimism. Here are seven that stand out in a world tipping towards recession and higher inflation: Vietnam, Indonesia, India, Greece, Portugal, Saudi Arabia and Japan.
Radisson Hotel Group announced a record year of growth for Greece with four signings and three openings to date, leading international development activity in the country. 2022 marks an impressive year for the Group as it continues to build on its growing trust from strategic investors and partners.
INTRAKAT was declared temporary contractor with a discount rate of 12.20% for the "Rafina Stream Demarcation Settlement Project" with Terna SA second in line with a discount rate of 10.5% and MYTILINEOS SA third with 9.73%.
The Region of Thessaly delivered the road circuit to Paliabella with the construction of the new road connecting Verdikousia with Vlachoianni with a total length of 3.8 km.
China Construction Bank Corp, one of the country’s four largest state-owned lenders, will set up a 30-billion-yuan ($4.2 billion) fund to buy properties from developers.
Occupier demand for logistics continues to be particularly strong as e-commerce activity triggers increased rates of absorption of quality space, especially in Attica according to Cushman & Wakefield Proprius industrial market beat for second quarter of 2022.
The architectural competition for the submission of ideas for the construction of a new modern bio-climatic building complex that will house the administrative services of EYDAP has been completed, with the XZA-Architects architectural firm been declared the successful entity.
The Hellenic Competition Commission (HCC) on 08.01.2021, in accordance with article 11 of Law 3959/2011 for regulatory intervention in sectors of the economy, decided ex-officio to initiate the relevant procedure in the construction sector.
Tristan Capital Partners’ CCP 5 Fund along with its joint venture partner, Bricks Group, has acquired a 999-bed purpose-built student accommodation asset in the city of Liverpool from Aura Investors LLP for £110 million.
The domestic natural gas consumption in September recorded a 40% decrease compared to last year while in the same period Greek energy exports to Italy and the Balkans increased.
ELLAKTOR S.A announced that has proceeded with the issuance of an 18-month, €500m bond, in accordance with the provisions of Law 4548/2018 and article 14 of Law 3156/2003, which was fully covered by Eurobank S.A., in order to partially finance the repayment of the €670m Senior Secured Notes 2024 (the “Notes”), issued by its subsidiary, ELLAKTOR VALUE PLC.
A shift in developments has been observed in Prodea' recent investments the largest Greek REIC, in the first half of 2022. The company in total allocated more than €70 million, mainly acquiring land for development, in order to upgrade the quality and dispersion of its real estate portfolio
MYTILINEOS through its Sustainable Engineering Solutions (SES) Business, announced that the first stage of construction for the power plant in Tobruk, Libya has been completed and already 185MW is distributed to the country's electricity system.
Sani/Ikos Group (SIG), the leading luxury beach resort group in the Mediterranean, and GIC, global institutional investor, have entered into a strategic partnership under which GIC will become the leading shareholder alongside SIG’s management team.
Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.