The Gloria will obtain the group this Wednesday The Band within the fifth recreation of the engaging semifinal sequence, which is 2-2.
2024-07-03 05:30:37
#Instituto #Olimpico #taking part in #closing #Nationwide #League #time
In ZERKO, pursuits of the household of Mr. George Prokopiou handed 2% of Lamda Growth, with a sale value of €7.10 per share, by way of an over-the-counter (OTC) transaction. The deal is predicted to be accomplished throughout the subsequent month. Particularly, Lamda offered 3,534,734 personal shares.
This sale is a part of a wider strategic collaboration between the 2 events, which incorporates the event of an academic establishment with an Worldwide Curriculum and additional developments for residential and workplace areas throughout the Hellinikon mission, with a complete permitted constructing space of 86,000 sq.m.
The corporate’s announcement intimately
LAMDA DEVELOPMENT SA (“Firm”), in accordance with Regulation 596/2014/EU and the Regulation of the Athens Inventory Alternate, every as relevant, informs the investing public that on 14.06.2024 it proceeded with the sale of its personal shares held by the Firm of, within the firm named ZEPKO ENTERPRISES COMPANY LIMITED (the “ZEPKO”), pursuits of the household of Mr. Georgios Prokopios.
This sale is a part of a wider strategic collaboration between the 2 events, which incorporates the event of an academic establishment with an Worldwide Curriculum and additional developments for residential and workplace areas throughout the Hellinikon mission, with a complete permitted constructing space of 86,000 sq.m.
The deal is predicted to be accomplished throughout the subsequent month. Particularly, the Firm offered 3,534,734 personal shares, comparable to 2.0% of the overall
of the Firm’s shares and voting rights at a sale value of €7.10 per share, by way of an over-the-counter (OTC) transaction.
The settlement with Kosteas Geitonas
It’s recalled that final month the Hellenic M.A.E., a subsidiary of Lamda, signed an settlement with Kostea-Geitona (CGS) faculties, in keeping with which CGS will undertake the institution and operation of a contemporary major and secondary academic establishment within the space Urbanization A-P4 throughout the Hellinikon – Agios Kosmas Metropolitan Space.
In accordance with the related announcement, the objective is for CGS at The Ellinikon to be a contemporary mannequin college that may supply a Nationwide and Worldwide Licensed Curriculum, whereas leveraging the historical past, values, know-how and pioneering academic philosophy of CGS.
#Lamda #Growth #firm #passes #Giorgos #Prokopiou
The brand new details about the existence of an settlement for the sale of the EFG Worldwide in Julius Baer. Buyers had been fast to low cost the deal, sending the financial institution’s replenish as a lot as 10%, even though neither facet confirmed the existence of negotiations to worldwide media protection.
Many at the moment are questioning what may be hidden behind the rumored intention of the Greek krisos to divest from the Swiss financial institution. Which his household saved when he determined to depart Eurobank in Greece in the course of the Memoranda interval.
The questions intensify towards the background of the resurgence of eventualities for an imminent placement in Helleniq Vitality of the order of 20%. The 2 major shareholders of the oil firm, TAIPED (31.18%) and Paneuropean Oil of pursuits of the Latsis household (with 40.41%) are stated to be in related consultations.
Folks speaking to the Greek cross even say that Mr. Latsis would see positively the prospect of a gradual or speedy divestment from Helleniq Vitality.
Whereas it’s unclear precisely when the position will happen or who the vendor might be, Metlen (previously Mytilineos) head Evangelos Mytilineos is amongst these interested by buying a stake. One thing that Mr. Mytilineos made clear that there’s nothing rapid, however he didn’t rule out the opportunity of profiting from a chance to enter the power group sooner or later.
Offers with legendary income
A attainable sale of EFG and Helleniq Vitality is estimated to carry important income to the Latsis household. Worldwide experiences elevate the worth of a attainable deal for EFG to 45 billion {dollars}! In any case, EFG manages about 142 billion Swiss francs (on the finish of 2023) and introduced the best income in its historical past final yr.
The sale of Helleniq Vitality shares in any kind might be equally worthwhile: whether or not it’s accomplished by public sale, in order that an investor can purchase the proportion, or by way of guide constructing, to ensure that many institutional funds to take part.
In any case, Helleniq Vitality, as one of many two refineries within the nation, information excessive returns. Final yr alone it posted gross sales of 12.8 billion euros and comparable EBITDA income of 1.23 billion euros whereas it determined to distribute a complete dividend of 0.90 euros per share.
The mega-project in Elliniko…
The sensation that dominates the market is that the Hellenic cross seeks by way of the above actions to attract assets as a way to finance the mega-project of Ellinikos. The duty of which he has assumed by way of her Lamda Growth.
The dimensions of the mission, which has been lowered to a nationwide case, is estimated to require the dedication of extra funds. Each due to the skyrocketing building prices and due to the “arduous” value of cash. The information, as market gamers say, has modified drastically in comparison with the preliminary assumptions and enterprise plans drawn up by these in cost a number of years in the past.
… and absolute dedication
Spyros Latsis has not stopped for a second to indicate his sturdy dedication to the utilization of the world of the previous worldwide airport of Athens.
The spotlight was his placement on the opening of “Hellinikon” through video name from Geneva. In one in every of his uncommon public interventions, he didn’t hesitate to deal with the “opponents” of the mission, predicting that some will want medical therapy because it progresses.
He thanked his household, as a result of they stood by him and inspired him to proceed when he hesitated to tackle a mission of such magnitude at his age (he’s 78 at present). He even made particular point out of his sister, Margarita Latsis whereas he averted mentioning his different sister, Marianna Latsis (who didn’t attend the opening).
It’s rumored that he and Marianna Latsis have fallen out over the administration of Hellinikon. Therefore the latter has bought the proportion it held in Lamda.
Refutation
Circles near associates of Spyros Latsis refute the eventualities relating to the necessity to elevate funds to finance “Hellenic”. They emphasize that the gross sales of the homes in Helliniko are progressing very effectively, bringing in revenue earlier than they’re even constructed, whereas relating to Helleniq Vitality, they argue that in an period wherein power emerges as a catalyst for geopolitical and financial developments internationally, the Latsis group wouldn’t try to depart such a strategic place.
Strategic strikes
Apart from these, everybody notes, how the group and the Latsis household have at all times regarded forward as to when to speculate and when to disinvest. Due to this fact, a transfer like that of the tried sale of EFG Worldwide in Switzerland might sign another strategic transfer by the household, which none of us can simply learn…
Supply: ot.gr
#Spyros #Latsis #puzzle #actions #megaproject #Elliniko
The gap between them is constantly opening southern and northerners suburbs of Athens as the real estate prospects on the Athenian Riviera greatly exceed those around Kifissia.
These two areas have the highest concentration of newly built properties, as builders choose locations that offer a high quality of life and allow a higher profit margin due to selling prices.
In addition to the advantageous position in relation to the sea, the advantages in these areas are the good transport service (metro line and tram line), while a significant number of houses for sale, mainly newly built, of very good or luxurious construction of a large relative size.
The area around Elliniko is where many builders have invested. The Athenian Riviera maintains its role as the strong card of the country, with the regions Kavouri, Glyfada, Varkiza, Vouliagmeni, Sounio and Weights to record extremely high interest.
The Hellinikon project and the displacement of part of the population to the southern suburbs are the main reasons for the rise in prices.
Immediately after the departure of the national airport from the Hellinikon area, the demand for housing began to increase in the wider area, while later with the arrival of the metro, the redevelopment projects of Faleri Bay and the positive impact from the operation of the Stavros Niarchos Foundation Cultural Center, spread more widely.
Prices in the southern suburbs
The figures of the REMAX network are revealing, according to which high prices are also recorded in the Southern Suburbs, noting very significant increases in newly built properties by an average of 15.8%.
Specifically, the biggest increase per sq.m. presented by the regions of Vari, Glyfada and Hellinikon. In used cars, the increase was an average of 17.2%.
The biggest increases in sales prices were observed in the areas of Vari, Voula and Elliniko.
In the new developments and especially in Glyfada around the golf area, most of the properties have a private pool on the balcony of the apartment, a shared gym as well as a guest lounge.
The northern suburbs
The northern suburbs have always been one of the most expensive areas of the capital, due to the good quality they offer.
In the Northern Suburbs area, both new-build and pre-owned properties are seeing even bigger increases compared to 2022.
Specifically, an average increase of 7.6% is recorded in newly built and 11.4% in used ones. This resulted in the average prices being 4,255 euros and 2,828 euros respectively.
It is worth noting that foreign buyers may turn to the southern suburbs, but the Greek public votes Kifissia, Ekali, Filothei, Politeia and Psychicespecially when the houses are of green specifications.
New constructions have been increasing in recent years resulting in newly built properties as well as commercial properties being sold at high prices.
Source: Ot.gr
#Real #estate #battle #northern #southern #suburbs #area #wins
In a tender for the sale of surface rights for 5 plots with a total area of 50,000 sq.m. Lamda Development is moving forward, as revealed by Odysseas Athanasiou, the company’s managing director, during yesterday’s conference call with analysts on the occasion of the announcement of the 2023 financial results.
Demand, according to the CEO, has far outstripped supply with prices hovering at 2,000 euros per sq.m., and even higher, with the goal of raising 100 million euros.
The results of the tender for the plots, which are located near Vouliagmenis Avenue where the The Ellinikon Mall (formerly Vouliagmenis Mall), will be announced in the next two months, while the availability of more plots for development is not excluded.
As the head clarified, answering a related question, the construction of the specific areas corresponds to 50,000 sq.m. and intended for residential use.
Because it is proceeding with the disposal of the plots
“We are master developers and we develop a very large area, but we also proceed with joint ventures and bring in new investors. With the aim of speeding up the implementation of the masterplan and enhancing liquidity, we decided to make the plots available for sale. It is a strategy chosen from the beginning. It gives a good message about the value we have already built in Elliniko”, noted Mr. Athanasiou, explaining the reasons why the listed company is proceeding with the transaction in question.
15-20% price increase in housing
Regarding the sales of residential projects and covering the increased construction costs, Mr. Athanasiou stated that house prices are now 15-20% higher than 10 months ago, while he stated that profit margins have improved.
“Over the coming period, the marketing of the homes in the Western markets begins and there is room for further growth, as the company’s target audience finds the current prices reasonable, if not low,” he commented.
In terms of construction progress, by the end of summer at least 10 condos will have reached the first floor, he said, while at the same time, the construction of Riviera Tower, the tallest green residential skyscraper in the Mediterranean, is progressing rapidly.
“In August, the tower will have reached 17 meters”, according to the words of Mr. Athanasios, noting that the first floors are already visible from Posidonos Avenue.
The 200-meter-high, 50-story Riviera Tower has been designed by the internationally renowned architectural firm Foster+Partners and built by the consortium Bouygues Bâtiment International and Intrakat.
It should be noted that by the end of March 2024, 641 million euros had been collected from real estate sales, of which 537 million euros from residential developments and 104 million euros from the disposal of plots, with the Hellinikon project achieving within 2.5 years from the signing of the transfer of the area to Lamda to show operating profitability (EBITDA) before valuations and adjustments of 65 million euros against a loss of 67 million euros.
By Christmas 2026, 1,500 apartments will have been built, the head of the company claimed in an interview with Bloomberg, noting that the first phase of Hellinikon will be completed in 2026-27.
In total, the listed company expects revenues of the order of 1.121 billion euros from the beachfront residences, while from the residential developments of the Little Athens project revenues of more than half a billion euros, until the completion of the first phase of development.
Mr. Athanasiou emphasized that Elliniko will add 2.5 percentage points to Greece’s GDP, create 70,000 to 80,000 jobs and bring at least 1 million tourists within the next three years.
As he mentioned, real estate is experiencing explosive growth in the country, helped by, among other things, the rise in tourism and the general improvement of the Greek economy.
Doubling EBITDA and the IPO for Lamda Malls
The group’s EBITDA, which in 2023 amounted to 206 million euros, will double in 3-4 years, that is, when the two shopping centers (The Ellinikon Mall and Riviera Galleria) will operate, emphasized the head of the listed company.
Finally, Mr. Athanasiou also referred to the IPO of Lamda Malls, repeating that it will depend on the market conditions, so that the valuation of the shopping centers is representative. It is recalled that Lamda Malls has been “endowed” with the 4 existing shopping centers (The Mall Athens, Golden Hall, Mediterranean Cosmos and Designer Outlet) and the 2 that will be built in Elliniko (The Ellinikon Mall and Riviera Galleria).
Source: Ot.gr
#Lamda #Development #plots #Elliniko #sale
Conference League
In the run-up to the European away match against the Greek PAOK, Club Brugge has urged its 1,000 traveling fans to be cautious. Last week, riots broke out before and after the first leg in Bruges. “We do not recommend wearing Club colors outside the stadium.”
On Thursday, Club Brugge will play PAOK for a historic semi-final of the Conference League. It should be a celebration, but the events on the sidelines of the first leg suggest the worst. Then there were confrontations between PAOK hooligans and the police, after which PAOK surprisingly announced that it would file a complaint.
It means that the atmosphere in Thessaloniki will be very tense. Club therefore asks its traveling fans to “exercise the necessary caution”, as can be read via the official channels. “We do not recommend wearing Club colors outside the stadium. Try to stay in groups as much as possible and strictly follow the guidelines of our stewards on site and the local authorities.”
On Tuesday, Club will have another meeting with representatives of UEFA and PAOK to guarantee the safety of the supporters in Greece as much as possible.
Don’t challenge
After the Club Brugge-PAOK match on Thursday April 11 and the problems that arose at the Jan Breydel Stadium, PAOK fans posted many hate messages on social media, mainly aimed at the Bruges city council, the Bruges football supporters, the police and the mayor.
Bruges mayor Dirk De fauw is therefore concerned that supporters of Club Brugge who travel to Greece for the second match next Thursday could become victims of retaliation by PAOK supporters.
“I urge Bruges supporters to be vigilant and careful. Certainly do not leave without a valid admission ticket and certainly do not adopt a challenging attitude towards the Greek supporters,” said Mayor Dirk De fauw.