The necessary Joint Ministerial Decision will be issued for the utilization and upgrading of Alimos Marina in order to proceed with the issuance of building permits, within the next few days, said managing director Giorgos Konstantinidis, from the floor of the annual general meeting of REDS shareholders. Construction work is slated to start in 2023, with the new marina delivered by 2025.
According to the plan, the revamped Alimos Marina will include among other things, a zone of shops and restaurants, a hotel, a pier, a pedestrian and bicycle path, a command and control tower of the marina, a 850 – 1,000 space parking lot. The redevelopment includes a land area of approximately 21 hectares.
Cambas Project
In the first half of next year, according to the management, the bulldozers will also enter the other large planned project of the company, the Cambas Project, worth more than 200 million euros, in the former Cambas estates in Pallini.
Completion of the projects, which include office buildings, a museum, a restaurant, a mall, a small 40-bed hotel and cultural spaces, is expected in 2026. 
Gournes
In addition, last December, REDS bid in a Hellenic Republic Asset Development Fund-HRADF tender for the purchase of the property of the former Gournes Base in Heraklion, Crete, with a total area of 345,567 m2, offering 42 million euros.
Currently, the HRADF is preparing the special purpose vehicle (SPV) to which it will deed the property. The SPV will then be transferred to REDS.
In the “Small Ellinikon”, as it’s called due to the similarities with the major regeneration of Ellinikon in the coastal zone of Attica, casinos, complex tourist accommodation, conference rooms, shopping centers and office buildings will be developed. 
Smart Park
At the same time, Ellactor’s real estate subsidiary is negotiating with National Bank and Piraeus Bank for the refinancing of its loans worth 36 million euros.
The aim of the negotiation is to achieve better interest rates and a longer repayment period. In the same context, the extension of its borrowing is being discussed in order to finance the company’s developments.
SmartPark in Spata with a total area of 53,000 m2, which is currently the main source of income for Reds, is currently 98% leased and will reach 100% within the year.
Reds is considering the purchase of neighboring plots and planning additional cost-effective actions that will also increase the traffic at the shopping park. 
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
