Greece Real Estate – Greek Homes http://greekhomes.info/ Thu, 29 Apr 2021 03:49:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 http://greekhomes.info/wp-content/uploads/2021/04/default.png Greece Real Estate – Greek Homes http://greekhomes.info/ 32 32 Who is Ryan Serhant from Million Dollar Listing New York and what is his net worth? http://greekhomes.info/who-is-ryan-serhant-from-million-dollar-listing-new-york-and-what-is-his-net-worth/ http://greekhomes.info/who-is-ryan-serhant-from-million-dollar-listing-new-york-and-what-is-his-net-worth/#respond Wed, 28 Apr 2021 19:39:00 +0000 http://greekhomes.info/who-is-ryan-serhant-from-million-dollar-listing-new-york-and-what-is-his-net-worth/ Ryan Serhant went from less than $ 10,000 a year, according to the New York Post, to signing a seven-figure deal for his 2021 real estate advice book a decade later. Today, Serhant has an estimated net worth of $ 30 million, according to Celebrity Net Worth. “Never in my wildest dreams did I think […]]]>


Ryan Serhant went from less than $ 10,000 a year, according to the New York Post, to signing a seven-figure deal for his 2021 real estate advice book a decade later. Today, Serhant has an estimated net worth of $ 30 million, according to Celebrity Net Worth. “Never in my wildest dreams did I think that 10 years later I would do [$100 million] in agreements over spotty Wi-Fi while on a safari in South Africa, like I did last week, ”he told CNBC in April 2018.

In 2014, the star of “Million Dollar Listing: New York” invested in his clean real estate and bought a $ 3.7 million, three-bedroom penthouse in SoHo, according to People. A few years later, Serhant married Emilia Bechrakis in Greece, and the couple welcomed a daughter in 2019. After renovating his penthouse suite with his wife, Serhant offered the apartment for rent at $ 15,000 per month. “My wife and I renovated it into the perfect SoHo penthouse,” he told People. The real estate mogul has also helped other reality TV stars with listings. Former “The Real Housewives of New York” star Bethany Frankel enlisted Serhant’s help in listing her three-bedroom SoHo loft, by Reality Blurb, for $ 7 million. Frankel originally bought the place for $ 4.2 million in 2017, according to the outlet.

Serhant is a successful reality star with a lucrative real estate business!



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GEK TERNA Group: 2020 annual results http://greekhomes.info/gek-terna-group-2020-annual-results/ http://greekhomes.info/gek-terna-group-2020-annual-results/#respond Wed, 28 Apr 2021 16:03:01 +0000 http://greekhomes.info/gek-terna-group-2020-annual-results/ PRESS RELEASE Athens, April 28, 2021 GEK TERNA Group: 2020 annual results – Increase in operating profitability (adjusted EBITDA)1 to 306.3 million euros with Group sales of 971 million euros – – Reinforcement of the contribution of the Clean Energy and Concessions operating divisions to the Group’s financial results – The backlog of contracts signed […]]]>


PRESS RELEASE

Athens, April 28, 2021

GEK TERNA Group: 2020 annual results

Increase in operating profitability (adjusted EBITDA)1 to 306.3 million euros with Group sales of 971 million euros

– Reinforcement of the contribution of the Clean Energy and Concessions operating divisions to the Group’s financial results

The backlog of contracts signed and to be signed of the company stands at 3 billion euros

The increase in operating profitability, the continued strengthening of the contribution of the Clean Energy and Concessions operating divisions, as well as the maintenance of a high construction order book are the main characteristics of the financial results of the GEK TERNA Group in 2020.

Despite the deterioration of the global economic situation due to the COVID-19 pandemic, the GEK TERNA Group maintains its financial strength, having succeeded in ensuring the health and safety of its employees. At the same time, the Group has taken all the necessary measures and actions in order to continue the good development of its main commercial activities by regularly implementing its investment plan and also by contributing to the wider efforts to stabilize the economy. Greek and the level of employment.

The consolidated annual financial figures for 2020 of the GEK TERNA Group are as follows:

Summary presentation of the Group’s annual results in 2020

During the year 2020:

• Consolidated sales amounted to 971 million euros compared to 1156 million euros in 2019, while operating profitability (adjusted EBITDA)[1] increased to 306.3 million euros from 285.1 million euros the previous year.

• Profit before tax amounted to € 71.4 million compared to € 77.8 million in 2019 and profit after tax to € 58.1 million compared to € 55.7 million for the year previous.

• Net income after deduction of taxes and minority rights amounted to a profit of 12.5 million euros, compared to a profit of 23.5 million euros in 2019, positively impacted by the sale of the park ‘Mountain Air’ wind power and negatively impacted by secondary Valuation of derivative products and increase in payments linked to financial costs of the Energy operating division due to contracts in force with Tax Equity Investors (TEI) in the United States.

Detailed information on the results of the Group’s main operating divisions

Construction

The main financial figures for the Construction division in 2020 are as follows:

• Revenue amounted to € 525.9 million compared to € 739.1 million in 2019.

• Operating profit (adjusted EBITDA)1 amounted to 19 million euros compared to 16.2 million euros in 2019.

• Operating profit before interest and taxes (ΕΒΙΤ)1 amounted to € 6.9 million compared to € 3.6 million in 2019.

In the construction division, the Group’s signed order book as of 12.31.2020 stands at 1.6 billion euros, maintaining the outlook for healthy construction activity over the following period. At the date of preparation of the financial statements, the contracts signed as well as the new ones to be signed amount to 2.2 billion euros. In addition, with the completion of all procedures necessary for TERNA to be awarded major projects like the Integrated Casino Resort in the Elliniko area, Athens, Greece, where TERNA will undertake 100% of the construction work, the Group’s total order book is expected to reach the level of 3 billion euros.

Electricity from RES

In the renewable energy division, the main financial figures in 2020 are as follows:

• Revenue amounted to 273.4 million euros compared to 237.3 million euros in 2019.

• Operating profit (adjusted EBITDA)1 amounted to 193.9 million euros compared to 176.9 million euros in 2019.

• Operating profit before interest and taxes (ΕΒΙΤ)1 amounted to 127.5 million euros compared to 119.7 million euros in 2019.

In total, TERNA ENERGY Group has more than 1,800 MW in operation, under construction or ready to be built in Greece, the USA, Central and Eastern Europe. More specifically, the Group has installed 728 MW in Greece, 513 MW in the United States and 132 MW in South-Eastern Europe, while it has under construction or ready to build RES installations with a total capacity of 430 MW in Greece and abroad.

Regarding the total installed capacity, TERNA ENERGY aims to reach 3,000 MW in the next five years.

Concessions

In the Concessions operating division, the key financial figures for 2020 are as follows:

• Revenue amounted to 151.3 million euros compared to 187.1 million euros in 2019.

• Operating profit (adjusted EBITDA)1 amounted to 105.3 million euros compared to 103.1 million euros in 2019.

• Operating profit before interest and taxes (ΕΒΙΤ)1 amounted to 44.1 million euros compared to 52 million euros in 2019.

Electricity from thermal energy and electricity trading activity

The Group holds stakes in HERON THERMOELECTRIC (50%) and in HERON II (25%); the two companies are included in the consolidated financial statements using the equity method.

• In the electricity trading operating division, revenue in 2020 amounted to € 37.4 million compared to € 37 million in 2019.

• Operating profit (adjusted EBITDA)1 in 2020 amounted to 0.9 million euros compared to 2.3 million euros in 2019.

• Operating profit before interest and taxes (ΕΒΙΤ)1 in 2020 amounted to 0.4 million euros compared to 5.8 million euros in 2019.

Real Estate / Careers / Industry / Holdings / Other activities

It should be noted that the specific divisions are not included in the main areas of activity of the Group.

The turnover of the Real Estate division amounted to 4.2 million euros compared to 5.2 million euros in 2019. EBITDA including non-cash results (adjusted EBITDA) amounted to 0.3 million euros compared to 0.2 million euros in 2019. The result after tax corresponds to losses of 2.4 million euros, against a profit of 0.3 million euros in 2019.

The turnover of the “Careers / Industry” operating division amounted to 7.1 million euros in 2020, compared to 9.9 million euros in 2019. EBITDA including non-cash results (adjusted EBITDA ) resulted in a loss of 4.1 million euros in 2020 compared to the loss of 4.2 million euros in 2019. The result after tax represents a loss of 16.3 million euros against a loss of 21 million euros in 2019.

Main financial figures of the Group’s statement of financial position at 12.31.2020

With regard to the accounts of the consolidated financial position, the following elements are observed:

The Group’s net indebtedness (cash and cash equivalents less debt) amounted to approximately € 1,317 million as of 12.31.2020 compared to € 1,437 million as of 12.31.2019. This change is mainly due to the reduction in debts of the Energy Division.

The total assets of the Group as of 12.31.2020 amounted to € 4,636 million compared to € 4,309 million as of 12.31.2019.

Information:

Investor Relations: Aristotelis Spiliotis, tel. + 30 210 6968000, tspiliotis@gekterna.com

Press and public relations office: Danai Kalantidi, tel. + 30 210 6968000, dkalantidi@gekterna.com

[1] The alternative performance measures (APM) were determined in the annual financial report as at 31.12.2020 and more particularly in note “F” of the management report of the board of directors.



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Right-wing Greek lawmaker arrested, awaiting extradition decision http://greekhomes.info/right-wing-greek-lawmaker-arrested-awaiting-extradition-decision/ http://greekhomes.info/right-wing-greek-lawmaker-arrested-awaiting-extradition-decision/#respond Wed, 28 Apr 2021 13:00:52 +0000 http://greekhomes.info/right-wing-greek-lawmaker-arrested-awaiting-extradition-decision/ BRUSSELS (AP) – A far-right Greek member of the European Parliament on Wednesday refused to be extradited from Belgium to Greece to serve a 13-year prison sentence for being a high-ranking member of a criminal organization, said the Brussels public prosecutor’s office. Ioannis Lagos has lived in Brussels, the Belgian capital, since a Greek court […]]]>


BRUSSELS (AP) – A far-right Greek member of the European Parliament on Wednesday refused to be extradited from Belgium to Greece to serve a 13-year prison sentence for being a high-ranking member of a criminal organization, said the Brussels public prosecutor’s office.

Ioannis Lagos has lived in Brussels, the Belgian capital, since a Greek court sentenced him in October, along with 17 other former Greek parliamentarians from the far-right Golden Dawn party, for leading or being a member of a criminal organization.

Lagos was taken into custody on Tuesday after, paving the way for his dispatch to Athens on a European arrest warrant. He appeared before a Belgian judge on Wednesday morning.

The Brussels public prosecutor’s office said in a statement that Lagos “did not agree to be handed over to the Greek authorities. The judge decided to take him into custody.

He said the court would decide within the next 15 days whether Lagos should be extradited.

Golden Dawn was founded as a Nazi-inspired group in the 1980s. It gained popularity during the Greek financial crisis from 2010 to 2018, gaining parliamentary representation between 2012 and 2019.

The five-year trial was launched following the 2013 murder of leftist rapper and activist Pavlos Fyssas, who was stabbed to death by a Golden Dawn supporter.

The other convicted members of Golden Dawn are already in jail, except for one who has escaped and is officially a fugitive.



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Guests flock to terraces of Dutch cafes as lockdown gets easier http://greekhomes.info/guests-flock-to-terraces-of-dutch-cafes-as-lockdown-gets-easier/ http://greekhomes.info/guests-flock-to-terraces-of-dutch-cafes-as-lockdown-gets-easier/#respond Wed, 28 Apr 2021 12:21:41 +0000 http://greekhomes.info/guests-flock-to-terraces-of-dutch-cafes-as-lockdown-gets-easier/ UTRECHT, The Netherlands (AP) – Lisa Gerritsen and Eva Diks were the first guests in six months to be served on Wednesday at Café Le Journal on Neude Square in the Dutch city of Utrecht. First from a long line to sit, they chose a table in the sun, ordered a bottle of rosé wine […]]]>


UTRECHT, The Netherlands (AP) – Lisa Gerritsen and Eva Diks were the first guests in six months to be served on Wednesday at Café Le Journal on Neude Square in the Dutch city of Utrecht.

First from a long line to sit, they chose a table in the sun, ordered a bottle of rosé wine and glasses of water and planned to make it a day.

“We have waited so long. We were here at 11 o’clock. Fantastic, ”said Gerritsen, a 19-year-old college student. “We plan to stay here until 6 p.m.”

The Netherlands on Wednesday became the last European country to start cautiously easing its lockdown even as infection rates and intensive care occupancy rates remain stubbornly high.


The Dutch are following Italy, Greece, France and other European countries to reopen the company and move away from economically crippling lockdowns in the coming weeks.

A curfew that sparked riots when it was introduced across the country in January has been lifted and shoppers have been allowed to visit non-essential stores without making an appointment first, though numbers are limited.

Bars and cafes were allowed to reopen their outdoor terraces for the first time in six months, but some owners were unhappy with terms they said will make it nearly impossible to earn a profit.

Terraces are only authorized between 12 p.m. and 6 p.m. for a maximum of two socially distant people per table, unless they are from the same household.

Alex Celik, owner of Italian restaurant Il Pozzo on the old canal that runs through Utrecht city center, lamented that it has to close when Dutch customers want to sit down for an evening meal.

“From noon to 6 pm, it’s nothing for the hotel industry,” he said. “Closing at 6 pm, people will take food and go to the park. It won’t work so well. It would have been much better if we could open until 8am.

He showed a recent photo he took during the lockdown of around 250 people eating and drinking along the canal where he is now only allowed to accept 50 customers.

His comments echoed the country’s hospitality lobby group, which criticized the hours of operation, saying guests would leave the terraces and move elsewhere, making it harder to adhere to social distancing and hygiene rules .

The country’s public health institute reported on Tuesday that infections had risen slightly over the past week to just over 55,000 while hospital admissions declined very slightly. More than 17,000 people are confirmed to have died from COVID-19 in the Netherlands.

After being the last country in the European Union to start its vaccination campaign, the Netherlands, a country of around 17.4 million people, has now administered around 5.3 million vaccines.

Gerritsen said she had mixed feelings about soaking up the sun and wine as hospital staff battled the COVID-19 crisis.

“It’s hard for those who work in health care to be so busy and for us to be sitting here on a patio,” she said. “We’re allowed to do it now, but it’s really difficult.”

The reopening came a day after the Netherlands’ annual King’s Day celebration, which saw large crowds of revelers congregate in most towns, most ignoring social distancing guidelines.

“We can regulate things a lot better,” said Eddy Schouten, owner of Cafe Het Neutje.

For Pamela Kuijper-Hartman and Sven Hartman, Wednesday was important for much more than the reopening of the terraces.

The couple got married at Utrecht town hall at 11 a.m. and then walked around the corner to La Neude where they sat with a small group of guests at socially tables. away and had a drink in the spring sun.

“Perfect timing,” Kuijper-Hartman said.

___

Follow AP’s pandemic coverage on:

https://apnews.com/hub/coronavirus-pandemic

https://apnews.com/hub/coronavirus-vaccine

https://apnews.com/UnderstandingtheOutbreak



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Enter the luminous retreat of Montauk, SoulCycle co-founder Julie Rice http://greekhomes.info/enter-the-luminous-retreat-of-montauk-soulcycle-co-founder-julie-rice/ http://greekhomes.info/enter-the-luminous-retreat-of-montauk-soulcycle-co-founder-julie-rice/#respond Wed, 28 Apr 2021 12:00:00 +0000 http://greekhomes.info/enter-the-luminous-retreat-of-montauk-soulcycle-co-founder-julie-rice/ Living there, “I think we really figured out how to make the house run better for us,” Rice says. After the renovation, all the doors open, dissolving the barriers between the interior and the exterior. A new outdoor kitchen and a reconfiguration of the courtyard have indeed made the living room twice as large. “For […]]]>


Living there, “I think we really figured out how to make the house run better for us,” Rice says. After the renovation, all the doors open, dissolving the barriers between the interior and the exterior. A new outdoor kitchen and a reconfiguration of the courtyard have indeed made the living room twice as large. “For me, it blurs the lines between inside and outside. We wanted the architecture to breathe and the house to live in a more convivial way, ”explains Alexander.

In town, the family lives in what Rice describes as a “white cube”. For their beach house, “[Julie] wanted to give it a funk side. While she doesn’t like clutter, she wanted to explore a more layered bohemian take on this architectural property. Organic was a keyword. Materiality was, for Alexander, the most important element in accomplishing this particular flow and feeling – the most important, the plaster floors, the ceilings, the walls and even the countertops. “It doesn’t sound like Vincent Van Duysen or Axel Vervoordt, because it’s not that sullen as it sounds, but we have brought to this modern space some somewhat unexpected materials that are very clean but also soft, with that tactile nature and this play of light. Otherwise, unity was achieved through the tight pallet of bleached woods and matte black fixtures. Inside that, they played with the layering of subtly textured and nuanced materials to create a sense of relaxed drama.

Because so many spaces are flanked by floor-to-ceiling glass, Alexander decided to choose strategic furniture and lighting pieces to set the tone. A paradisiacal vintage Mario Bellini Camaleonda sofa and an elegant Axel Vervoordt stone coffee table in the living room establish the aesthetic of warmed and mellowed elegant minimalism. Everywhere, custom furniture by Alexander Design and a profusion of vintage pieces – like wooden objects and Moroccan rugs – permeate. A creative control freak that she can be, Rice says she “lets go a little bit on this one.” I really trusted Vanessa. And Alexander came up with options that almost always made his friend and client very happy. Rice’s favorite: the hanging bedside lamps with ceramic tops and woven shades.

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“The [primary] the room feels like it’s floating in the clouds, and I love it, ”says Alexander, who helped reconfigure the layout to create a closet, access to the downstairs pool and patio with a fireplace for one. 360 degree view of the water. “Now the bedroom is this perfectly intimate size, a very ethereal dream space, with linen curtains from Le Cuona that the sun filters through. Rice agrees, “the [primary] the bedroom-bathroom situation is quite epic. Vanessa cheated on him in the best possible way, making it feel like the most amazing and luxurious type of hotel suite there is. Wrapped in plaster, with a double rain shower on the glass ceiling, the bathroom is a special envy area for the rest of the family.

It’s no surprise that all four of them are screaming at the light and breezy shower when you consider that when summer comes, “the whole sides of our house and every door in this place opens and it becomes like. a giant box in which you can pass ”. Rice said. “I feel like it’s a great metaphor for the way we live.” Morning surfs with friends turn into coffee, family beach days lead to lunches and pool parties, followed by sunsets on the sand, bonfires, live music and pick up sleeping children to get them to bed. An annual late-summer party includes a big dinner on the beach and an ice cream truck. “It’s kind of like we open the doors and people come and go enjoying the ocean, and we all have fun,” Rice says. This one, the house right on the beach, has been his dream since SoulCycle launched in 2006. “It’s pretty magical.”



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Twenty Five Ventures CEO Joins Greek Company PropTech Prosperty as Senior Advisor http://greekhomes.info/twenty-five-ventures-ceo-joins-greek-company-proptech-prosperty-as-senior-advisor/ http://greekhomes.info/twenty-five-ventures-ceo-joins-greek-company-proptech-prosperty-as-senior-advisor/#respond Wed, 28 Apr 2021 10:04:17 +0000 http://greekhomes.info/twenty-five-ventures-ceo-joins-greek-company-proptech-prosperty-as-senior-advisor/ Team prosperity They have an impressive team, and their technology and products cover everything from customer onboarding to asset management to marketing. I think they can fundamentally change the way real estate is rented, bought and sold – first in Greece, then in Europe as a whole. SAN FRANCISCO (PRWEB) April 28, 2021 Maximillian Diez, […]]]>


Team prosperity

They have an impressive team, and their technology and products cover everything from customer onboarding to asset management to marketing. I think they can fundamentally change the way real estate is rented, bought and sold – first in Greece, then in Europe as a whole.

Maximillian Diez, CEO of Twenty Five Ventures, a consulting firm that provides advice and resources to emerging companies in the fields of proptech, real estate technology and fintech, has joined Prosperty as a senior advisor.

Prosperty, founded in 2020, is a revolutionary proptech company based in Greece. It transforms the way the real estate market works and redefines the experience by making selling, buying, renting and managing a property simple, contactless, transparent and efficient.

The move indicates that Twenty Five Ventures is looking outside the US market for early stage investments.

“We are closely monitoring the European proptech scene and believe that Prosperty is well positioned with its initial product offerings to pioneer this next step in the region’s evolution,” said Diez. “Europe is experiencing major innovation in brokerage services, ibuying and portfolio securitization.

Prosperty is disrupting a very traditional market by leveraging proprietary technology, process automation, advanced data intelligence, and rich content. Led by Antonis Markopoulos, Nikos Patsiogiannis and Antonis Despotakis, Prosperty raised 1.1 million euros in 2020 and is in the early stages of fundraising for its platform.

“Given our vision for expansion across Europe, we are delighted to welcome Maximillian Diez and EJ Pineda to our team,” said Antonis Markopoulos, CEO of Prosperty.

Diez and Pineda will provide an overview of the hybrid real estate brokerage business and the proptech industry in general, drawing on their collective experience at Redfin, ZipRealty, UpNest and Movoto.

“Max’s 20+ years in the real estate industry as an executive, thought leader and broker to advise and invest in seed and serial companies will be a great asset to our business,” said Antonis Patsiogiannis, COO of Prosperty. “EJ’s massive experience in proptech operational efficiency will allow us to scale rapidly by reducing our operational overheads.”

“I am delighted to collaborate with Prosperty,” said Diez. “They have an impressive team, and their technology and products cover everything from customer onboarding to asset management to go-to-market. I think they can fundamentally change the way real estate is rented, bought and sold, first in Greece and then in Europe as a whole. “

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Noratis AG significantly expands its real estate portfolio in 2020 and closes the financial year as planned http://greekhomes.info/noratis-ag-significantly-expands-its-real-estate-portfolio-in-2020-and-closes-the-financial-year-as-planned/ http://greekhomes.info/noratis-ag-significantly-expands-its-real-estate-portfolio-in-2020-and-closes-the-financial-year-as-planned/#respond Wed, 28 Apr 2021 06:30:05 +0000 http://greekhomes.info/noratis-ag-significantly-expands-its-real-estate-portfolio-in-2020-and-closes-the-financial-year-as-planned/ DGAP-News: Noratis AG / Keyword (s): Dividend / Real estate04/28/2021 / 8:30 AM The issuer is solely responsible for the content of this advertisement. Noratis AG significantly expands its real estate portfolio in 2020 and closes the financial year as planned – Proposed dividend of EUR 0.50 per share – EBIT: 8.2 million euros; EBT: […]]]>


DGAP-News: Noratis AG / Keyword (s): Dividend / Real estate
04/28/2021 / 8:30 AM
The issuer is solely responsible for the content of this advertisement.

Noratis AG significantly expands its real estate portfolio in 2020 and closes the financial year as planned – Proposed dividend of EUR 0.50 per share

EBIT: 8.2 million euros; EBT: 4.2 million euros in accordance with IFRS standards

– Portfolio extended to 3,632 units at the end of 2020

– 2021: Significantly higher EBIT and EBT forecast with further expansion of the portfolio

Eschborn, April 28, 2021 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) closed the financial year 2020 as planned. The real estate portfolio was significantly extended by approximately 50% to 3,632 units of which the property acquired 12.9 million during the previous year.

In order to expand the portfolio, Noratis deliberately refrained from making larger property sales during the past year. As a result, in the financial statements, prepared for the first time in accordance with IFRS, profit before interest and taxes (EBIT) remained at € 8.2 million below the comparable IFRS value of € 15.8 million of the previous year, as planned. Profit before tax (EBT) amounted to 4.2 million euros, after 11.5 million euros the previous year. Consolidated net income amounted to 2.8 million euros after 8.3 million euros in 2019.

As a portfolio developer, Noratis recognizes its properties in current assets so that the published figures do not include any revaluation gain. In the future, however, the company may transfer individual properties to a permanent portfolio of fixed assets. The declared equity reached 74.2 million euros at the end of 2020. Including the hidden reserves of the portfolio of approximately 49 million euros, the net asset value (NAV) based on market values ​​amounted to 22 , 80 euros per share.

The Management Board and the Supervisory Board will propose the distribution of a dividend of 0.50 EUR per share at the ordinary general meeting, scheduled for June 16, 2021. This includes the distribution of approximately half of the result after tax in accordance with the Noratis dividend policy as well as the distribution reserve retained last year.

Noratis is very satisfied with the business development of 2020. 1,311 units have been acquired across Germany and only 86 units have been sold, as planned, through individual condominium sales and small portfolio transactions. Due to this deliberate reduction in sales volume in 2020, Noratis AG has laid the groundwork for further results in the years to come. With Merz Real Estate, which acquired a stake in Noratis last year, the company has at its side a reference shareholder who also financially supports the continuation of the expected growth.

As for 2021, Noratis assumes that the good business development will continue. In addition to a further expansion of the portfolio, a significant increase in turnover is expected. Consequently, Noratis anticipates significantly higher EBIT and EBT for 2021 compared to the previous year.

André Speth, CFO of Noratis AG: “In 2020 we achieved our plans in full and continued to develop the company also strategically. With the significant expansion of our portfolio, we have taken a major step towards our goal of already being profitable on the basis of recurring rental income alone. This allows us to better control the timing of the sale of the optimized buildings and therefore generate additional returns for our shareholders. With the transition from our financial information system to IFRS, Noratis AG has also opened up to a wider circle of investors. “

The 2020 annual report is due for publication on May 10, 2021 on the website www.noratis.de in the Investor Relations section.

About Noratis:

Noratis AG (www.noratis.de) is one of the leading developers of residential property portfolios in Germany. The company identifies and realizes potentials for tenants, owner-occupiers and investors, thus creating and preserving an attractive and at the same time affordable living space throughout Germany. Noratis specializes in upgrading aging residential portfolios, mainly apartments owned by companies, residential areas or subdivisions in cities with more than 10,000 inhabitants and in the outskirts of urban areas. After successful development, buildings remain in the company’s portfolio or are sold over the medium term to investors and / or individually to existing tenants, equity investors and owner-occupiers. Noratis thus creates significant and lasting added value for all stakeholders: from investors, employees and financial partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.

Investor contact and public relations:

edicto GmbH
Dr Sönke Knop
T +49 (0) 69 905 505 51
E noratis@edicto.de
Eschersheimer Landstrasse 42
60322 Frankfurt am Main

04.28.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archive on www.dgap.de



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doValue S p A: NEW SERVICE AGREEMENTS FOR OVER 2.0 BILLION EUROS IN THE FIRST MONTHS OF THE YEAR http://greekhomes.info/dovalue-s-p-a-new-service-agreements-for-over-2-0-billion-euros-in-the-first-months-of-the-year/ http://greekhomes.info/dovalue-s-p-a-new-service-agreements-for-over-2-0-billion-euros-in-the-first-months-of-the-year/#respond Wed, 28 Apr 2021 05:48:33 +0000 http://greekhomes.info/dovalue-s-p-a-new-service-agreements-for-over-2-0-billion-euros-in-the-first-months-of-the-year/ Press release DOVALUE: NEW SERVICE CONTRACTS FOR OVER 2.0 BILLION EUROS FIRST MONTHS OF THE YEAR Rome, April 28, 2021 – doValue, the leading operator in Southern Europe in credit management and real estate services for banks and investors (“doValue” or “the Group”), announces that it has signed new service agreements with the main global […]]]>


Press release

DOVALUE: NEW SERVICE CONTRACTS FOR OVER 2.0 BILLION EUROS

FIRST MONTHS OF THE YEAR

Rome, April 28, 2021 – doValue, the leading operator in Southern Europe in credit management and real estate services for banks and investors (“doValue” or “the Group”), announces that it has signed new service agreements with the main global credit investors and banks for a total claim of over 2.0 billion euros of GBV (gross book value) since the start of 2021. They consist of:

  • Two portfolios of 2 Spanish banking institutions for the management of NPLs for a total of approximately 1.1 billion euros
  • Two AMCO portfolios for the management of NPLs and UTPs for a total of approximately 500 million euros following a competitive process launched by AMCO after the acquisition of the MPS portfolio;
  • doValue Greece increased its assets under management following the expansion of a portfolio already managed for an existing client by a 200 million euros;
  • The Efesto UTP fund, exclusively managed by Italfondiario as a special manager, added 250 million euros loans from other Italian banks beyond the top five, confirming the appeal of the innovative structure aimed at maximizing value for banks, deconsolidating exposure and restructuring loans to value SMEs. With more than 120 debtors on the platform, both real estate and corporate, including medium-small tickets (between 0.5 and 3.0 million euros), Efesto has achieved positive results in terms of restructuring agreements and collection, standing out as a flexible platform with a new asset management model that will attract other banks and other loans from existing banks subscribed to the fund.

In addition, doValue Greece has successfully completed the integration of the Icon portfolio for approximately 2.6 billion euros (gross book value) signed and announced in 2020.

These new service contracts to come in the first months of the year mark significant progress towards reaching the end-of-year objective of 7 to 9 billion euros in new contracts for the Group and confirm the outlook. positive results from the credit management and property management markets. .

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doValue SpA

doValue, formerly doBank SpA, is the leading operator in Southern Europe in credit management and real estate services for banks and investors. Present in Italy, Spain, Portugal, Greece and Cyprus, doValue has over 20 years of industry experience and manages assets of around 160 billion euros (gross book value) with around 3,200 employees. an integrated range of services: special NPL, PTU, anticipated arrears and line items, real estate services, basic services, data processing and delivery and other ancillary services. doValue is listed on the MTA (Mercato Telematico Azionario) operated by Borsa Italiana SpA and, including the acquisition of

Altamira Asset Management and doValue Greece recorded preliminary gross revenue of approximately € 418 million in 2020 and EBITDA excluding non-recurring items of approximately € 125 million.

Contact information

Image construction

Investor relations – doValue SpA

Simona Raffaelli – Lucia Saluzzi

06 47979154

dovalue@imagebuilding.it

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doValue SpA published this content on April 28, 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unchanged, on April 28, 2021 05:44:01 AM UTC.



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European Parliament lifts immunity of far-right Greek legislator http://greekhomes.info/european-parliament-lifts-immunity-of-far-right-greek-legislator/ http://greekhomes.info/european-parliament-lifts-immunity-of-far-right-greek-legislator/#respond Tue, 27 Apr 2021 11:20:09 +0000 http://greekhomes.info/european-parliament-lifts-immunity-of-far-right-greek-legislator/ BRUSSELS (AP) – European Union lawmakers voted on Tuesday to lift the immunity of a far-right Greek member of the European Parliament who was sentenced to 13 years in prison in Greece for being a leading member of the ‘a criminal organization. The European Parliament voted 658 to 24, with 10 abstentions, to remove the […]]]>


BRUSSELS (AP) – European Union lawmakers voted on Tuesday to lift the immunity of a far-right Greek member of the European Parliament who was sentenced to 13 years in prison in Greece for being a leading member of the ‘a criminal organization.

The European Parliament voted 658 to 24, with 10 abstentions, to remove the parliamentary protection of Ioannis Lagos, paving the way for the Belgian authorities to extradite him to Greece.

Lagos has lived in Brussels, the Belgian capital, since a Greek court sentenced him in October, along with 17 other former Greek parliamentarians from the far-right Golden Dawn party, for leading or being a member of a criminal organization.

The other convicted members of Golden Dawn are already in jail, except for one who has escaped and is officially a fugitive.

French Greens lawmaker Marie Toussaint, who guided the vote through Parliament, said “it was essential that the European Union lift Ioannis Lagos’ immunity so that he can face justice in his country”.

“Impunity cannot be tolerated,” Toussaint said in a statement, and she warned more broadly of the dangers of hate speech in Europe and the violence it causes.

Greek government spokeswoman Aristotelia Peloni, when asked about the lifting of Lagos’ immunity, said “all steps have been taken to ensure that the European arrest warrant” is issued promptly for the member of the European Parliament .

Golden Dawn was founded as a neo-Nazi group in the 1980s. It gained popularity during the 2010-2018 financial crisis, gaining parliamentary representation between 2012 and 2019.

The five-year trial was launched following the 2013 murder of rap singer and left-wing activist Pavlos Fyssas, who was stabbed to death by a Golden Dawn supporter.



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Shipping sector leads the way in Greece – Collaboration with China http://greekhomes.info/shipping-sector-leads-the-way-in-greece-collaboration-with-china/ http://greekhomes.info/shipping-sector-leads-the-way-in-greece-collaboration-with-china/#respond Tue, 27 Apr 2021 09:58:36 +0000 http://greekhomes.info/shipping-sector-leads-the-way-in-greece-collaboration-with-china/ Greece’s Foreign Secretary General and Chairman of the ministry’s export agency, Enterprise Greece, Ioannis Smyrlis, addressing the “ China and Greece: The New Silk Road ” forum quoted Cosco’s key investment in the port of Piraeus, the founding of a Bank of China branch in Athens, and the Belt and Road Initiative itself as examples […]]]>


Greece’s Foreign Secretary General and Chairman of the ministry’s export agency, Enterprise Greece, Ioannis Smyrlis, addressing the “ China and Greece: The New Silk Road ” forum quoted Cosco’s key investment in the port of Piraeus, the founding of a Bank of China branch in Athens, and the Belt and Road Initiative itself as examples of ongoing collaboration with China .

Enterprise Greece facilitates two-way trade and investment in several sectors including tourism, real estate, agriculture and food, transport and energy.

Despite the impact of Covid-19 and the negative effects it has had on the financial results of some business units, such as the cruise, ferry and car terminal, Cosco Shipping has managed Piraeus Port Authority (PPA) in a briefing at Hellenic Fund and Asset. The Management Association said it had managed to continue port activities without interruption under conditions of safety, without placing any employees on temporary suspension.

PPA has subcontracted investments amounting to $ 254.1 million in 2020 as it strengthens its efforts to accelerate their implementation and modernize the port infrastructure. Sales were $ 148.8 million, and profit before tax was $ 41.33 million and profit after tax was $ 29.57 million.



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