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.

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.