Real estate investment trusts have been beaten up more than the overall stock market this year. While the S&P 500 slid 21% year to date, REITs plunged 30%, per the MSCI US REIT Index.

Piraeus Bank has announced the completion of its cooperation with Mr. George Kormas from the position of Ex. Gen. Man. Group Chief Real Estate of Piraeus Bank and CEO of PBRE after the successful spin-off of the Bank's real estate management branch and the creation of a new independent company.

Heatherwick Studio has unveiled a 20-storey residential skyscraper in Singapore, which was designed to be "a counterpoint to ubiquitous glass and steel towers".

GEK-TERNA, AVAX, AKTOR and a Mytilinaios-Intrakat consortium have bid for the construction of the new sports facilities within the park of the Ellinikon with a budget of c.€120 million.

Danish architect Cebra has designed a 185m-tall tower for the centre of Albania’s capital.

The Municipality of Athens proceeds with a major redevelopment in the historic neighborhood of the so called "Larissa Station, where the country's first and largest railway station is based.

Four investors have expressed interest to purchase a 20% stake in Ariadni Interconnection AEES, a subsidiary of the IPTO that builds the large electric interconnection from Heraklion Crete to Attica.

Nestlé Hellas keeps up vigorously with its investment program in the coffee factory in Inofyta, Viotia.

Giorgos Tsaprounis, who has extended proffesional experience in telecommunications & pay-TV sectors (NOVA - WIND company), was assigned INTRAKAT's new Corporate Communications Executive Director.

One United Properties, a leading green investor and developer of residential, mixed-use and office real estate in Romania, announced that it completed the acquisition of the Eliade Tower office building in Bucharest.

Rüdiger Koch and Grant Romundt, Ocean Builders' managing team, have a mission to develop revolutionary blue technology that makes the 72% of the world that is covered in water into an eco-sustainable paradise. They use over 1,688 cubic feet of air-filled steel tubes which results in so much buoyancy that it is able to push the entire SeaPod up 3 meters above the water.

Dolphin, an investor in high-end resort developments in the eastern Mediterranean, announces that it has received a Tag Notice for the sale of its entire interest in the One&Only at Kea Island project ("OOKI").

During the auction of €625 million of 3month T-Bills conducted , the total bids reached €1,310 million and the amount finally accepted was €812.5 million.

According to ELASTAT, the Total Building Activity (private-public) in Greece, in June 2022 which is calculated on the basis of the number of issued building permits, amounted to 2,178.

The financial results of GEK TERNA Group for the first half of 2022 depict a significant increase in revenues and profitability compared to the respective period of 2021, supported by improved performance in construction, concessions and energy segments.