Tristan Capital Partners and Bricks Group Expand PBSA Portfolio via £110m Liverpool Acquisition

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23.09.2022

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.

Greece has reduced natural gas consumption by 40% since a year ago

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23.09.2022

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 completes senior bonds repayments

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23.09.2022

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.

PRODEA reports more than €70M new investments in the first half of 2022

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23.09.2022

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 delivers first stage of construction for the power plant in Tobruk

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22.09.2022

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 enters new strategic partnership agreement with GIC valuing the business at €2.3B

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22.09.2022

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.

Fed ups interest rates by 75bps

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22.09.2022

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 reports €15,1Μ profits in first half of 2022

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22.09.2022

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 "Kivotos of the World" NGO offering a property in Academia Platonos

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22.09.2022

EFKA supports the NGO "Kivotos of the World" a property located in Academia Platonos.

Six interested entities filled in the Real Estate Acquisition and Leasing Agency tender

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22.09.2022

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.

Holiday homes in Greece are still considered low-priced

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21.09.2022

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 .

Revenues from conference tourism in Greece for 2022 is estimated at c.€1.7B

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21.09.2022

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.

Tariffs for electricity consumption are being adjusted downwards

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21.09.2022

Electricity tariffs for retail customers have been reduced by approximately 25% relative to September. The energy supplying firms announced adjusted pricing that will be effective from this October.

H. K. Tegopoulos' industrial property based in Koropi will be auctioned this fall

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21.09.2022

H. K. Tegopoulos' industrial property based in Koropi at "NISIZA KARELA" region will be e-auctioned with an initial bid price of €10.95 million.

Αttica Group merges with ΑΝΕΚ by absorption

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21.09.2022

Following an agreement with ANEK's creditors and shareholders Attica Group proceeded, with the decision to absorb the Cretan company through a merger.