The role of REICs is crucial if regulatory obstacles are removed, according to EPRA.
The objective is to strengthen inbound tourism from Scandinavian countries.
The REIC aims to develop 2,000 student rooms over the next three years, while, according to CEO Kostas Markazos, more than 500 rooms have already been secured.
The proceeds raised will be utilized for the repayment of part of the existing debt of the REIC.
The final sale price exceeded the starting bid by 79%..
Funds from Operations (FFO) amounted to €4.6 million, compared to €3.1 million in the corresponding period, representing a 45.3% increase.
The REIC's portfolio includes 55 properties with a total value of €282 million.
The REIC is set to deliver three new projects in 2025.
The REIC holds a 99.99% stake in the company's share capital.
Magazine
2025 ANNUAL EDITION
2025 ANNUAL EDITIONGreek CRE at a glanceA change of scaleTOURISM: Expansion, Delays, and Strategic Moves HOUSING: International investors in the Greek market OFFICE: Partnering for success RETAIL: …
