Investments

Four investors have submitted binding offers to the Hellenic Republic Asset Development Fund to develop a land plot in Nea Herakleia, Halkidiki, Northern Greece.

Greece has postponed increasing the limit for property investments under its golden visa scheme to July 31.

A total of 260 projects, many related to tourism, have been planned for the Ionian islands.

The Greek Environment Ministry said 53 small settlements would be getting new urban wastewater facilities.

D-Marin – TEMES have been awarded the 40-year right to operate the Pylos marina in Messinia, Greece.

Upgraded infrastructure and planning at Patra and Piraeus ports are expected to boost Greek economy.

Mitsis Hotels will invest 36 million euros to convert the historic Schliemann – Mela Mansion in Athens into a 5-star hotel.

The SMERC investment fund revealed plans for “Project Tethys”, a portfolio that includes hotel real estate loans with non-performing liabilities.

Germany is the main investor in Greece with direct investments totaling 6.8 billion euros in 2021-2022.

Major upgrade and infrastructure projects budgeted at 4.2 billion euros are in the pipeline in the Central Greece Region.

Mitsis Hotels is moving ahead with an ambitious plan to redevelop the thermal springs in the coastal town of Kamena Vourla.

The SMERemediumCap (SMERC) fund is carrying out the biggest tourism investment that the Greek island of Patmos has ever seen.

The Igoumenitsa Port Authority in Greece is set to get an upgrade after a joint venture acquired a majority stake of 67%.

Greece is expected to see US investment activity in the property market rise through the country’s popular Greek golden visa program.

Two luxury hotel projects and dozens of branded villas are to be constructed along the Athenian Riviera as part of the multi-million-euro Ellinikon Project.

The gentrification of Athens over the last few years is impacting the life of residents and the viability of businesses, says a GSEVEE study.

Construction giants TEMES SA and Lamda Development have teamed up to start works on two luxury hotels along the Athenian Riviera.

In five years, the Greek island of Rhodes is expected to have developed into a global model of sustainable tourism.

Medium-sized tourism businesses in Greece and Bulgaria are to benefit from an initiative known as CapTour.

A luxury hotel, residences and shopping center are planned to be created at Gournes in Heraklion, Crete, over the next five years.