Noval reports increased revenue despite Covid-19 impact in 2021

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18.03.2022

Noval Properties focuses on expanding its portfolio in environmentally certified office buildings in prime locations, logistics centers and data centers, hotel resorts, homes and mixed-use urban regeneration projects.

Russian investors are seeking shelter in the UAE

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18.03.2022

Dubai real estate market is still booming after a positive year for the industry as it turned out in 2021.

Hines and Conscient Infrastructure launch a development management platform for resi projects

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18.03.2022

Hines, the international real estate firm, and Conscient Infrastructure, have come up with a development management platform for residential projects with an aim to develop 5-6 projects in 2022-23.

The Hellenic Armed Forces are to declare the tender for Perdika, Aegina asset this May

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17.03.2022

The participation in the first phase of the tender concerning the expression of interest for the utilization of the 330 acres located in Perdika, Aegina, was considered to be satisfactory by the Real Estate Development Service of the Armed Forces (YP.A.A.P.E.D.) which was completed last week.

Alpha Astika Akinita on the final stage of its business transformation

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17.03.2022

Alpha Bank is in the final stage of selecting a strategic investor who will start the transformation of Alpha Astika Akinita, which controls approximately 93% of the shares and voting rights of its subsidiary.

Mitsubishi Corp - UBS Realty joint venture sold to KKR

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17.03.2022

UBS Group and UBS AG announced that UBS Asset Management has agreed with its joint venture partner, Mitsubishi Corporation, to sell Mitsubishi Corp.-UBS Realty Inc. to KKR & Co. Inc.

NBG reports €833M profitability from continuing operations in 2021

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17.03.2022

Profitability from continuing operations increased by 42.5% yoy to €828million in FY21, driven by improved core income (+4.7% yoy), strong trading income arising mostly from our GGBs portfolio (€461million), lower operating expenses (-6.4% yoy) and normalizing CoR.

The challenges ahead for institutional investors in real estate

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16.03.2022

This year's MIPIM RE-Invest exhibition in Cannes brings together about 70 institutional investors' delegations to discuss the major challenges the real estate sector is nowadays facing , including valuations, "green" CO2 emissions policy and the need for new talents.

GAIAOSE wins the ISO: 14001 standard distinction

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15.03.2022

GAIAOSE was certified with the ISO: 14001 standard, a distinguish that reaffirms the company's commitment to implement a responsible business activity oriented to human, society and the environment and which aims to satisfy all stakeholders.

The first serviced apartments project in Greece by Radisson

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15.03.2022

Radisson Hotel Group inks deal for the first serviced apartments in Greece, under the Radisson Red brand.

Travellers visiting Greece are no longer required to fill out the Passenger Locator Form

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15.03.2022

From 15 March 2022 onwards, travellers visiting Greece are no longer required to fill out the Passenger Locator Form (PLF).

Greeks amongst the 5 lowest paid emploees in the world

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15.03.2022

A survey conducted by the job search platform Lensa unveiled that Mexico is the country with the highest paid workers in the world, as it compared working hours with wage levels.

The Greek Counsil of State pauses the approval granted to the PPA Master Plan

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15.03.2022

The Plenary Session of the Council of State has canceled the approval framework of the Master Plan (General Program Plan) of the "Piraeus Port Authority (PPA) SA", for the mandatory investments arising from the concession contract of the port of Piraeus (2016) to Cosco Group Limited and which provided, inter alia, for the expansion of the passenger port of Piraeus, a new passenger station, etc.

Alpha Bank's NPEs clean-up resulted in €2,9B loss in 2021

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15.03.2022

NPEs clean-up led to €2.9 billion Loss while the normalised Profit After Tax reached €330 million in 2021.

Waterways infrastructure proceeds are being accelerated

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14.03.2022

The environmental licensing of the waterways is being accelerated after the signing of the relevant Joint Ministerial Decision.