Two ICI REIC subsidiaries will be merged

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24.01.2022

Intercontinental International REIC mergers two of its subsidiaries.

The old real estate objective values will be effective for 2 more months

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24.01.2022

The Ministry of Finance is offering a sigh of relief to thousands of property owners who are trying to transfer their properties based on the old fair property values.

Mr. Giannos Kontopoulos was elected ATHEX new CEO

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24.01.2022

Athens Stock Exchange (ATHEX) announced that the Board of Directors, at its extraordinary meeting today, unanimously selected Mr. Giannos Kontopoulos as the new Chief Executive Officer.

Piraeus Bank inks €98M deal with WRED for Trastor REIC

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21.01.2022

Piraeus Financial Holdings announced that its subsidiary Piraeus Bank S.A. has reached an agreement with WRED LLC, a company affiliated with Värde Partners, for the acquisition of WRED’s c.52% stake in Trastor Real Estate Investment Company S.A..

Greek authorities are considering to extend the old objective values regime

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21.01.2022

The extension for at least one month in the transfers of real estate with the old objective values is being examined by the Ministry of Finance, giving a little "breath" to the involved parties (lawyers, notaries, engineers, etc.) that have undertaken the process.

IKOS ODISIA in Corfu development was granted approval with reduced building standards

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21.01.2022

The Central Council of Architecture (KESA) grants an approval of the modified study for the construction of a 5 * hotel of the new hotel unit IKOS ODISIA, with a 3,500sqm reduction in construction restrictions thought.

HCAP launches platform with open data sets for its subsidiaries

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21.01.2022

HCAP Deputy CEO, Mr. Stefanos Giourelis, and HCAP Chief Technology Officer, Ms. Afrodite Sevasti, presented the O2 Hub, a new, pioneering Open Data & Open API Hub of the organisation’s subsidiaries and holdings.

Greek authorities were obliged with €4M fine from the EU for LARCO

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21.01.2022

The EU imposes a € 5.5 million fine in Greece because it did not recover the state aid granted to LARCO.

HPPC tenders the "Thermal Spring and Lake Caiaphas" project

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21.01.2022

The invitation for expression of interest for the development of the property "Thermal Spring and Lake Caiaphas" in the Prefecture of Ilia, was announced by the Hellenic Public Properties Company (HPPC) S.A.

Ten Brinke disposes of a residential project in Bochum to HIH Invest

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21.01.2022

HIH Invest Real Estate has added a residential property development to its German portfolio.

Two investment schemes have expressed interest in the PPP of the water supply of Athens

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21.01.2022

Two corporate schemes expressed interest in the tender of the Ministry of Transport Infrastructure for the PPP project with a budget of € 291 million, which refers to the operation and maintenance of the External Water Supply System (EYS) of the major area of the Capital.

The long-term lease agreement was inked for "3-5 Pigadia" ski resort

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21.01.2022

The development of the "3-5 Pigadia" ski center and its transformation into a 12-month mountain tourist resort.

Extended flood protection project is being deployed in Glyfada

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21.01.2022

The Municipality of Glyfada is carrying out a large anti-flood project in order to protect the areas that face serious problems due to heavy rains.

HRADF launches tender for the Attica Motorway exploitation

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21.01.2022

The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, launches the tender process for the new concession of Attica Motorway, one of the most important road infrastructures in Greece.

BoG: current account deficit records a decrease of €1.4 billion in November 2021

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20.01.2022

In November 2021, the current account deficit widened by €1.3 billion year on year and stood at €2.5 billion.