NEWS

Stay up to date with the latest market news and interesting articles, as collected by Zoia

Zoia Sapfous Distinction in the 10th Biennale of Young Greek Architects

 

We are proud to announce the distinction of our project of Zoia Living in Sapfous, Kallithea in the 10th Biennale of Young Greek Architects.

The transformation of an old industrial building into 24 fully furnished, modern micro-apartments has been completed almost a year ago and since then we are happy to have a lot of tenants on-boarded and a joyful community created in this neighborhood in Kallithea.

The smart and innovative concept and design of the project has been recognized by the Hellenic Institution of Architecture and has been awarded in the 10th Biennale of Young Architects that was organized at the end of 2020.

Our special thanks to our architects, Barespace, and all our collaborators, that helped us bring this concept into life!

 

10th Biennale of Young Greek Architects

DISTINCTION:

micro-housing system in Kallithea, Attica

Barespace

Iannis Kandyliaris
Parina Vasilopoulou
Team: Anastasia Tsikli, Dimitra Mpouga, Vaia Giakintzi, Vasilis Spiliotis
E/M Design: Melcon / Ilias Argyros
Structural Consulting Konstantinos Sortikos
Construction: VITAEL
Design: 2019
construction: 2020

 View the Facebook post

ZOIA IWG PARTNERSHIP

Zoia in partnership with IWG, one of the world’s largest and well-known flexible office and co-working operators, are proud to present the new co-working center in Gazi area, Spaces Theanous.

The old textile factory, once used to produce shoes that became synonymous with sports in Greece in the 20th century, the Sportex, has been transformed into serviced offices.

The industrial history of the area which used to be the first source of electricity of the capital and houses other iconic factories of the past, such as Pavlidis factory, as well as the history of the asset itself is evident in the design of the upgraded building.

The blend of industrial minimalism, huge industrial screen walls, luxe modern furnishings and all the contemporary requirements of a working space, create a fresh new era of workspaces into the city.

Consisting of sunlit meeting rooms to more discreet private offices, it is ideal for start-ups, entrepreneurs and professionals who want in a dynamic, young work environment.

Spaces Theanous started its operations in May 2020 and it intends to become a landmark in the up-and-coming area of Gazi.

https://www.youtube.com/watch?v=TGN5J0Qw53Q

https://www.spacesworks.com/athens/theanous/

 

Greek real estate price hikes spark fears in locals

The Greek property market has witnessed a huge spike in rates.
Data from online property ads network Spitogatos noted that the asking price of apartments in the Athens CBD posted an annual increase of 313 per cent at the end of the second quarter to 1,522 euros per square metre.

Blackstone announces the acquisition of five hotel businesses in Greece

Barcelona, Athens, 20 September 2019 – Blackstone Real Estate Partners Europe (“Blackstone”) has reached an agreement to acquire five Greek hotel businesses from the Louis Group, one of the leading hotel groups in the Mediterranean, at a total enterprise value of €178.6 million.

The five hotel businesses are located in the Greek Islands with two in Corfu (Corcyra Beach and Grand Hotel), two in Zante (Zante Beach and Plagos Beach) and one in Crete (Creta Princess). They have a total of 1,464 hotel rooms.

The hotels will continue to be operated by Louis Group under the management of HIP, a hospitality company owned by funds managed by Blackstone. HIP is the largest owner of hotels in Southern Europe, and the acquisition expands its footprint to Greece.

Through HIP, Blackstone will invest meaningful capital to renovate and reposition these hotels.

Greek bond yields fall sharply after IMF loan early repayment plan

Greek bond prices rallied and yields fell sharply in the domestic electronic secondary bond market on Monday after news that the Greek government initiated procedures for an early repayment of the expensive part of its loans to the International Monetary Fund (IMF).

Recovery of property prices in Greece expected to continue

Property prices in Greece have recouped 4.2 percent of the ground lost during the financial crisis, thanks to the steady course of recovery over the last 18 months.

Indices of residential property prices: Q2 2019

According to data collected from credit institutions,(1) apartment prices (in nominal terms) are estimated to have increased on average by 7.7% year-on-year in the second quarter of 2019. According to revised data, the respective increase in the first quarter of 2019 was 4.9%, while in 2018 apartment prices increased by an average annual rate of 1.7%.

Unemployment Drops to 16.9 Percent in Greece, Lowest Point Since 2011

According to a new report that the Greece Statistical Authority ELSTAT announced on Thursday, unemployment in the country fell to 16.9 percent during the second quarter of 2019.