Prodea Investments
Deal for school campus on southern Athens’ Elliniko plot flounders
A deal between Prodea Investments, Lamda Development and Costeas-Geitonas School (CGS) for the construction of a new campus on the former airport plot at Elliniko on the capital's southern coast appears to be on the rocks, as sources have indicated that Prodea is unlikely to carry on with the plan.
Prodea turnover up 39.3% in 2022
Prodea Investments has reported a 39.3% increase in its 2022 turnover to 186.9 million euros from €134.2 million in 2021, boosted by the sale of property assets worth €37.2 million.
Leasing revenue was €149.7 million, up 11.6% from 2021, while operating profits totaled €105.1 million in 2022, from €97.9 million in 2021.
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Prodea invests in luxury hotel on Milos
Prodea Investments has made its second investment in the Cyclades, in collaboration with the Invel group.
The listed company completed the acquisition of the White Coast Pool Suites hotel, a five-star luxury unit in Milos.
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Prodea anticipates minor impact from coronavirus
Prodea Investments expects no more than a 10 percent reduction in its turnover from rentals due to the measures related to the expansion of Covid-19.
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Piraeus Tower to get new lease of life
After decades of failed efforts, the Piraeus Tower - formerly the Piraeus Shipping Center - finally appears destined for utilization.
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NBG Pangaea to proceed with share capital increase
The annual general meeting of NBG Pangaea approved the real estate investment company's share capital increase on Wednesday, authorizing the board to complete it in the next 10 months.
Sources say the management's intention is to reach an advanced point in the procedure by the end of the year or in the first months of 2020.
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