Construction of the scheme has commenced with cores for each block now complete and completion still on track for 2026.

Blackstone' shares surged 83% last year, including reinvested dividends, beating its biggest peers as well as the S&P 500, which returned about 25%.

It holds an approx.18% stake in the National Bank and a 70% in the Bank of Attica.

Noval Property continued the active management of its income producing assets, as well the development of other assets of its portfolio, mainly in the office, logistics and residential sectors.

The changes in the law also provide for a 30% discount on the purchase of the property.

The minister stated that the limits on property transactions were no longer necessary in the current economic and market conditions.

Proforma results

In 2023, Accor opened 291 hotels, corresponding to 41,000 rooms, i.e., net network growth of 2.4% in the last 12 months.

The new unit will be built on a company-owned plot, recently purchased for this purpose in the 1st Industrial Zone of Volos.