Tales of Investment opportunities
Individuals looking for targeted investments, institutional investors and firms are gearing up in Greece in order to expand their investment plans. The shift on the way worldwide economic entities are evaluating the great potential of the country begun since the exit from a 10-year austerity plan and is expecting to grow even more since the good news of holding first place among other countries n the outstanding management of the coronavirus pandemic. The list is pretty impressive, take a look!
Pfizer, Tesla, Volkswagen, PwC, Cisco, SAP, Amazon, and eBay are the biggest names among these firms, which are either strengthening their presence in Greece or setting foot in the country for the first time.
The US real estate investment group Hines is expanding its investment program in the Greek property market, participating in numerous real estate projects throughout the whole country which includes the making of a mall, an outlet, and a number of hotels.
We can’t miss mentioning two investment entities in the real estate sector, a legal firm specializing in corporate restructuring, a funding corporation, a group investing in renewable energy sources, a major company in medical cannabis production and a group in the movie industry which are all set to arrive in Greece from the US with the intention of seeking out investment opportunities or promoting plans they have already drafted. Renovo Financial, Cushman & Wakefield, Hinshaw & Culbertson LLP and Granite Creek Capital Partners, Invenergy, Verano, Cinespace discern opportunities in the country and are fueling their engines towards the implementation of their investment programs.
The latest news report that the US ambassador in Athens, Geoffrey Pyatt, clearly stated in a conference call with 30 representatives of major US companies, many of which are listed among the US Fortune 500 and are active in domains such as energy, property, tourism and financial services, that their interest will be renewed in activating their investment plans as soon as the country will return into its normal pace after the successful management of the Covid-19 crisis. Greece will try to attract capital that will be channeled in sectors such as property, privatizations, energy, technology, defense, and portfolio holdings.
We must also note that the Israeli billionaire Teddy Sagi, the key shareholder of gambling software development company Playtech, is on the lookout for investment opportunities in Greece.
As far as tourism is concerned, numerous companies such as Lokros Ltd, a vehicle for British investment groups Europa Capital and Prufrock Investments, NCH Capital, Dolphin Capital Investors, Kerzner International Holdings Ltd, Grivalia Hospitality, the British group Mirum Hellas, Iktinos construction company, Latirus Ltd, Minoan Group Plc and Russian billionaire Dmitry Rybolovlev are set to start the development of a series of tourism accommodation units.
Take also into account that the country’s luxury holiday home market is evolving into a new hotspot for the planet’s ultra-rich. Greece has appeared on the radars of individuals on the Forbes lists of the wealthiest people, reporting In the period from May 1 to 25, a 53.5% increase in expressions of interest for the purchase of luxurious holiday residences compared to the same period last year.
So, it’s no secret that when an explosion of projects takes place nationwide, added value will be added to the capital invested by individuals who are wise enough to see the potential of a sector such as real estate where the return on investment is expected to grow considerably. So, don’t wait to buy real estate, buy real estate, and wait!
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