Food retail sales jump 0,9% mainly driven by soaring infaltion

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22.07.2022

Total sales by value of organized food retail in the first half of 2022 (YTD data to June 19, 2022) recorded a significant increase of 0.9%, compared to the corresponding period last year.

OLP's new revised master plan was approved by the Ports Planning and Development Committee

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22.07.2022

The new revised master plan of the Piraeus Port Authority, which is expected to unlock the project of the new cruise pier in the port, was updated by the Ports Planning and Development Committee (ESAL).

ECB raises interest rates by 50bps

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22.07.2022

ECB's Governing Council decided to raise the three key ECB interest rates by 50 basis points and approved the Transmission Protection Instrument (TPI).

Trastor declares a c.€25M common bond loan

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22.07.2022

Trastor REIC announced that further to a previous announcement dated 28.06.2022, on 21.07.2022 proceeded with the signing of the programme for the issuance of a secured common bond loan up to the amount of €25,100,000 pursuant to the provisions of L.4548/2018 and L.3156/2003

EKTER inks deal to develop a c.€18.538.000

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22.07.2022

EKTER S.A. informed investors that, on July 20, 2022, inked contract with the United Arab Emirates for the construction of personnel training and assessment facilities center.

Dimand - Premia was declared successful the preferred investor for project Skyline

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22.07.2022

Dimand-Premia consortium was declared the preferred investor for Alpha Bank's project Skyline according to the bank' announcement.

Polygreen acquires logistics firm PERME Hellas

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21.07.2022

Polygreen announced the acquisition of Environmental Transport S.A. (PERME Hellas)

The Ellinikon weighs on Lamda's 1Q2022 results

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21.07.2022

LAMDA Development consolidated net results, after taxes and minority interest, in the first quarter of 2022 amounted to €7.7m loss, compared to €6.8m loss in Q1 2021.

Two urban redevelopment projects in Chania to be financed through the Recovery and Resilience Fund

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21.07.2022

The Municipality of Chania has approved the financing of two extremely important projects for the region, comprised in the Recovery and Resilience Fund of the Ministry of Finance, has the Mayor of Chania, Panagiotis Simandirakis, announced in the context of a Press Conference.

PwC: M&A through the early part of 2022 has undoubtedly been lower than that of 2021

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21.07.2022

Although M&A through the early part of 2022 has undoubtedly been lower than that of 2021, the numbers are not catastrophic—in fact, they are in line with healthy, pre-pandemic levels. But the growing uncertainty has cooled M&A in the first half of 2022 compared to the prior six months across all major regions.

HYATT and SWOT HOSPITALITY step foot in Santorini luxury hotel industry

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21.07.2022

The Hyatt subsidiary has entered into a franchise agreement with Thera Island Suites S.A., owner company of Magma Resort Santorini, managed by Athens-based SWOT Hospitality, to open the first Hyatt-branded resort in the Greek islands.

Invel completes Prodea's €600M landmark refinancing

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21.07.2022

Invel Real Estate, the real estate investment and asset manager focused on south-east Europe and other selected European markets, has completed the refinancing of the facilities used to acquire its 95% share in PRODEA Investments SA, the largest REIT in Greece.

CIG Hellas acquires Village Resort & Waterpark in Heraklion, Crete

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21.07.2022

The Cretan Investments Group Hellas proceeded with the acquisition of the Village Resort & Waterpark hotel unit in Heraklion, Crete.

Interest Rates and inflation against Listed Real Estate

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19.07.2022

Economic growth, inflation and nominal interest rates remained relatively low and stable across Europe in the past 15 years, but the global pandemic and the war in Ukraine have changed this picture. Higher interest rates and higher inflation are here to stay for a while, representing a challenge for listed real estate. But the industry is well prepared for it, according to EPRA.

Europa Capital launches €100Μ sustainable French Light Industrial Platform

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19.07.2022

Europa Capital, the pan-European real estate investment manager, in partnership with DeA Capital Real Estate France, announced the launch of the French Light Industrial Platform on behalf of its value-add fund, Europa Fund VI with a strong commitment on ESG framework and sustainable properties.