FRA promotes Egypt's insurance reforms to global investors    Egypt foils terrorist plot, kills two militants linked to Hasm group    58 days that exposed IMF's contradictions on Egypt    EGX closes up on July 20th    Egypt, Somalia discuss closer environmental cooperation    Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Russia hits Ukraine with huge barrage as first Australian tanks arrive    Russia unveils 'Kinzhal' interceptor drone to counter low-altitude threats    Lebanon's PM says US proposal includes full Israeli withdrawal, state control of arms    Saib reopens Mansoura branch after comprehensive renovation    ABE signs cooperation protocol to finance beneficiaries of state-owned lands in Minya    Suez Canal Bank partners with CRIF Egypt to advance sustainability through Synesgy    Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egyptian, Belarusian officials discuss drug registration, market access    Egypt's Health Min. discusses drug localisation with Sandoz    EU–US trade talks enter 'decisive phase', German politician says    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EBRD invests €21.7m in Greek real estate redevelopment
Aya El Sayed Published in Amwal Al Ghad on 24 - 12 - 2024

The European Bank for Reconstruction and Development (EBRD) is investing €21.7 million in the P&E Investments consortium in Greece, alongside Dimand and Premia Properties, for a 20 per cent stake in the group, according to the bank's statement.
The funds will support Skyline, a newly-established entity with a portfolio of 460 commercial and residential properties, aimed at redevelopment, repositioning, or trade sale.
The consortium will control a 65 per cent stake in Skyline, with Alpha Bank retaining the remaining 35 per cent. The project focuses on transforming prime assets to meet high sustainability standards, including LEED Gold and BREEAM Very Good certifications.
It also incorporates green leases and energy efficiency initiatives to boost the real estate sector's environmental performance.
This marks the latest EBRD initiative in Greece, where the bank has invested over €8 billion in 116 projects since 2015, supporting economic recovery and sustainable growth.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

Clic here to read the story from its source.