New “Autonomous Local Tax” set to triple financial burden on property owners
According to the Panhellenic Federation of Property Owners (POMIDA), the provisions of the bill impose a threefold annual financial burden on property owners through a new dual tax in favour of munici ...
UK REITs deliver strong performance, but investors look elsewhere
The contradiction is striking: office leasing activity in central London is operating at a 20-year high, occupancy rates are at their strongest levels in decades, and several companies are reporting r ...
Lamda Development prepares new bond issuance
Specifically, according to the announcement, the company’s Board of Directors has resolved to issue a common bond loan of up to €350 million, with a minimum amount of €330 million, with a seven-year m ...
Trastor acquires three Ethniki Asfalistiki properties
The approval process, as well as the disclosure of the independent valuation reports on which the transaction values were based, is mandatory, given that the properties are currently owned by Ethniki ...
Italian startup introduces AI-powered construction site platform
Pillar is a Milan-based construction technology startup developing an AI-powered operating system for the historically underserved and highly fragmented construction sector. Founded in 2023, the compa ...
Turkish investors reduce overseas real estate purchases
According to balance of payments data from the Central Bank of the Republic of Türkiye, overseas real estate purchases fell by 18% year-on-year in March, reaching $187 million—the lowest level in the ...
Prodea Investments expands into data centers via Quadrivium partnership
Reports indicate that the REIC is expected to proceed with the issuance of a bond loan of up to €15 million, intended to finance part of the development of the new 20MW data center campus, Quadrivium ...
Leroy Merlin invests in new regional logistics hub
The agreement concerns the expansion of the existing logistics hub at CTPark Bucharest West, which will reach a total area of 48,500 sq. m., confirming the facility’s role as one of the most significa ...
Strategic investments in motion at Trade Estates
Operating profitability remained on an upward trajectory, with adjusted EBITDA reaching €8.2 million, up 4.4%. Net profit showed an even stronger increase, rising 19% year-on-year to €4.9 million in t ...
NTUA launches €39.6M student housing project
The project concerns the design, financing, reconstruction, and overall operational management of the facilities, with the aim of creating modern, safe, and high-quality accommodation and support spac ...
The big projects driving Noval Property’s strategy in Marousi and Piraeus
At the centre of the company’s strategy is the landmark “The Grid” project in Marousi, while at the same time new investments totalling approximately €100 million are maturing and plans are advancing ...
Landmark property of EFKA in central Piraeus put to tender
The tender concerns the long-term lease of the property, as well as the implementation of an investment redevelopment programme aimed at converting it into a hotel unit of at least 3-star category....
Greece to finalize recognition of existing rural roads by late 2026
According to the Ministry of Environment and Energy, the process of recording and formally recognizing the existing road network in Greece’s out-of-plan areas is currently underway, with the objective ...
Papastergiou: digital shift emerges as a key driver for real estate
The Hellenic Cadastre, as the Minister underlined, lies at the core of this transition and is now reaching 99% completion of the country’s land registry mapping. This milestone carries particular sign ...
Dirk Paelinck: Real Estate is Being Transformed Under the Pressure of ESG, Technology, and AI
A central takeaway was that the green transition and ESG criteria have moved beyond the realm of regulatory compliance to become core drivers of innovation and structural transformation within the sec ...