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.
Noval Property announced for the period ending 30.06.2021 total assets reaching 598.9 million euros and net profits of 15.1 million euros for the first half of 2022.
EFKA supports the NGO "Kivotos of the World" a property located in Academia Platonos.
The tender committee has concluded the electronic unsealing of the "Expression of Interest Files" as part of the first phase of the tender for the Real Estate Acquisition and Leasing Agency.
Demand for holiday homes across the Mediterranean has soared during the pandemic, with Greece, Spain and France the most popular destinations. Mykonos, Paros and Santorini have emerged as top destinations. Despite the pandemic, property prices have generally remained stable or even increased, and as a result yields are typically lower compared to 2019. Increased demand for luxury properties, especially in expensive destinations, has resulted in higher prices and lower yields .
Sissi Lignou, President of the Hellenic Association of Professional Congress Organizers (Hellenic Association of Professional Congress Organizers) said, at a special event held in a central hotel in Athens, that revenue from conference tourism for 2022 is estimated at €1.7 billion and there are optimistic projections for 2023 as well.