Latest news with #Attica
Travel Daily News
28-05-2025
- Business
- Travel Daily News
Piraeus tops Greece's property investment growth with 28% surge
Piraeus leads Greece's property market with 28% annual growth, highlighting top Golden Visa investment opportunities across high-demand regions. New analysis by Astons, a leading international firm specializing in real estate, residency, and citizenship through investment, highlights which regions of Greece currently offer the strongest investment opportunities, as annual property price increases reach up to 28%. Greece remains one of the world's most attractive Golden Visa destinations, offering foreign investors the opportunity to secure residency through a three-tier investment system. Tier A covers Greece's most sought-after locations – including Athens, Thessaloniki, and the islands – where the minimum investment is set at 800,000 euros (approximately $867,000). Tier B applies to other areas of the country with a lower threshold of 400,000 euros (approximately $435,000). Tier C, meanwhile, is designed for those investing in the conversion of commercial properties into residential use, requiring just 250,000 euros (approximately $278,000), regardless of location. According to Astons' data, no region has shown stronger annual price growth than Piraeus in the Attica region, which also leads in demand from Golden Visa investors. Between Q3 2023 and Q3 2024, average property prices in Piraeus surged by 27.8%, increasing from 2,000 euros per square metre to 2,556 euros per square metre. This puts the average price for a 120-square-metre property at 306,720 euros – well below the 800,000 euros Tier A minimum, requiring investors to carefully plan their acquisition strategies. Kavala Prefecture in Eastern Macedonia and Thrace follows closely, registering a 20.9% price increase over the past year, with average prices now at 1,630 euros per square metre. In a Tier B zone, this translates to an average property value of 195,600 euros, against a minimum investment requirement of 400,000 euros. Other notable regions showing double-digit annual growth include Chios Prefecture (20.6%), Sporades (19.9%), Grevena (17.5%), Lakonia (14.6%), Chalkidiki (14%), Messina (13.4%), Achaia (13.2%), and Zakynthos (11.5%). Alena Lesina, citizenship, residence permit, and real estate investment expert at Astons, emphasized that local market performance is key when evaluating investment opportunities: 'As with all countries, Greece's property market consists of many local markets, each performing differently in terms of price growth. Investors should consider two main factors: the potential return on investment based on local price trends, and the investment tier classification, which dictates minimum thresholds.' Lesina also pointed to a rising trend among developers focused on Tier C opportunities, particularly in regenerated areas of Attica such as Piraeus, Vouliagmeni, and Glyfada. These projects often involve converting older commercial properties – such as hotels and office buildings – into modern, eco-friendly residential units specifically designed for Golden Visa investors. Astons' findings suggest that while major cities and islands remain premium markets, evolving opportunities in regeneration projects and Tier C conversions are increasingly attractive for investors seeking flexibility, sustainability, and long-term growth potential in Greece's real estate landscape.
The Age
26-05-2025
- Business
- The Age
Same same but Tassie: A tale of two very different Attica restaurants
The restaurant's signage is to be altered to reflect the updated name. But no update on the similar style of font, which we are nicknaming rustic class with a hint of comic sans. Stankovic said he had legal advice that the new name was fine. Fair enough. And it might be tricky to trademark a name in use since ancient times to describe the district of east-central Greece surrounding Athens. For his part, chef Ben Shewry of the more famous Attica, who is on the record putting a bombe Alaska under food critics and this newspaper's Good Food Guide in his memoir, Uses For Obsession, was nonchalant when we contacted him via Mr Alexander Graham Bell 's portable communications device. Loading He told us he was unaware of the southern venture and was 'not really' concerned. 'I feel like we are well established enough to not be concerned about someone else's restaurant.' Ex-VEEP down under Once just a heartbeat (and later, a pollster's coin flip) away from the White House, former US vice president Kamala Harris somehow found herself on the Gold Coast speaking to a few thousand real estate agents. The 2024 presidential election loser was guest of honour at the Australian Real Estate Conference this weekend, her first trip Down Under facilitated through some savvy string-pulling by property kingpin John McGrath. How the real estate bros in their skinny Tarocash suits responded to the former veep's sober calls to remember the 1930s is anyone's guess. We reckon they might've gotten more out of California real estate agent and smarmy reality-TV villain Mauricio Umansky 's hit session on Monday. While CBD originally heard that Harris would make time only for the Gold Coast, she flew into Sydney first, before heading to the Sunshine State on Saturday afternoon, the day before her scheduled speech. Harris and her husband, former second gentleman and entertainment lawyer Doug Emhoff, were spotted dining at the Bathers' Pavilion at Balmoral Beach on Friday. And on Monday, Emhoff posted an Instagram snap of the pair in Sydney's Royal Botanic Gardens. During their time in the Harbour City, CBD hears the pair were holed up at Crown in Barangaroo because what could be more peak Sydney than staying in a casino? Crypto king where it counts US President Donald Trump is a rather simple creature. Sometimes, all it takes to get into his good graces is flattery, money, or a bit of both. This is how Australian crypto entrepreneur Kain Warwick wound up in the court of the mad king. Last weekend, the president hosted an exclusive event for the 220 investors in his $TRUMP cryptocurrency at his Virginia golf course, a stunt that kicked off frenzied buying of the 'memecoin'. Warwick, the founder of cryptocurrency trading platform Synthetix, and the son of former professional tennis player Kim Warwick, was among those invited to the event, according to The New York Times. 'It would be great to be able to meet the president,' he told the Times. 'That's something that I wouldn't have expected I would have the opportunity to be even in the position to do.' Warwick got his in by stockpiling $TRUMP coins since January, although he didn't make it to the exclusive White House tour reserved for the top 25 holders of the president's memecoin. Try explaining any of this to a person from the year 2013. On the home front, Warwick, an early 40s young-rich-lister, owns a swath of beachside property in Sydney's eastern suburbs, and recently offloaded a $US36.5 million ($56.04 million) penthouse in Manhattan's West Village. Which leaves plenty of cash left over for memecoins. Far from Scots free Here's a tale of a private school turning it up to 11. The grand opening of Scots College's $60 million garish faux-Scottish baronial castle in Sydney's Bellevue Hill last month, seven years after plans were first lodged, included an extravagant ceremony featuring fireworks and a military tattoo. Now, there is disgruntlement in the Scots' parents community because all that pomp accompanying the castle's opening seems to mean little cash left for much else. Last week, parents were shocked to receive an email calling for donations towards funding various events for year 6 students headed for the senior school, including a mother-son dance and a special celebration dinner at Randwick Racecourse. That is, on top of the tickets they'll actually have to purchase. 'We rely heavily on donations to keep these ticket prices as low as possible and afford those 'little extras' to make it a year to remember for the boys,' said a fundraising email from the school. Those 'little extras' are hardly the stuff of a 12-year-old boy's dreams. Loading The extras include $430 per case of French champagne (their tautology, not ours) because we hear there had been complaints about a function earlier this year where prosecco was served. The horror! The school also needs $1250 for bow ties for the mother-and-son dance, $2000 for celebration dinner cookies, and $8000 to design and print the year 6 journal.
Fashion Network
11-05-2025
- Business
- Fashion Network
Ex-Matchesfashion, Printemps CEO De Cesare named president of Grandi Stazioni Retail
Italian executive Paolo De Cesare has been appointed president of Grandi Stazioni Retail (GSR), the company that manages the retail space for over 700 stores in 14 railway stations in Italy's main cities, like Rome, Milan, Turin, Florence, Naples, Venice etc. GSR's station stores are active in the food, cosmetics, fashion, and electronics sectors, as well as in services such as pharmacies, car rental, and beauty salons. 'Overall, it is one of the largest and most successful shopping destinations in Italy,' De Cesare told 'At the heart of the company's success is a footfall of 750 million passengers a year, every retailer's dream,' he added. 'Moving to [GSR] is a natural evolution after the 12 years I spent at Printemps, and given my current position on the board of directors of Attica, the leading department store group in Greece,' said De Cesare. 'My passion is interacting with customers and brands to create exciting and unique experiences. Milan's main station has staged fantastic events, for example with Moncler, and even a runway show with Zegna. Countless opportunities to interact with customers and brands!' said De Cesare announcing his appointment. De Cesare has a 30-year experience in the luxury and retail sectors. Before joining Attica, he was CEO of British multibrand e-tailer Matchesfashion for a transitional period, between September 2021 and July 2022, and prior to that he was CEO of Printemps for 12 years. Between 2007 and 2020, De Cesare led the French department store group through a major transformation, with store and assortment upgrades and a repositioning as a luxury shopping destination. De Cesare also spent 24 years at Procter & Gamble, where he held a number of senior positions, including managing director and president of the cosmetics division in Japan, and global president of skincare and fine fragrances. He has worked in Italy, Belgium, the UK, Japan, the US and Switzerland. From 2016 to 2020, in addition to his executive roles, De Cesare was the president of IGDS, the largest international association of department store operators.
Fashion Network
09-05-2025
- Business
- Fashion Network
Ex-Matchesfashion, Printemps CEO De Cesare named president of Grandi Stazioni Retail
Italian executive Paolo De Cesare has been appointed president of Grandi Stazioni Retail (GSR), the company that manages the retail space for over 700 stores in 14 railway stations in Italy's main cities, like Rome, Milan, Turin, Florence, Naples, Venice etc. GSR's station stores are active in the food, cosmetics, fashion, and electronics sectors, as well as in services such as pharmacies, car rental, and beauty salons. 'Overall, it is one of the largest and most successful shopping destinations in Italy,' De Cesare told 'At the heart of the company's success is a footfall of 750 million passengers a year, every retailer's dream,' he added. 'Moving to [GSR] is a natural evolution after the 12 years I spent at Printemps, and given my current position on the board of directors of Attica, the leading department store group in Greece,' said De Cesare. 'My passion is interacting with customers and brands to create exciting and unique experiences. Milan's main station has staged fantastic events, for example with Moncler, and even a runway show with Zegna. Countless opportunities to interact with customers and brands!' said De Cesare announcing his appointment. De Cesare has a 30-year experience in the luxury and retail sectors. Before joining Attica, he was CEO of British multibrand e-tailer Matchesfashion for a transitional period, between September 2021 and July 2022, and prior to that he was CEO of Printemps for 12 years. Between 2007 and 2020, De Cesare led the French department store group through a major transformation, with store and assortment upgrades and a repositioning as a luxury shopping destination. De Cesare also spent 24 years at Procter & Gamble, where he held a number of senior positions, including managing director and president of the cosmetics division in Japan, and global president of skincare and fine fragrances. He has worked in Italy, Belgium, the UK, Japan, the US and Switzerland. From 2016 to 2020, in addition to his executive roles, De Cesare was the president of IGDS, the largest international association of department store operators.
Fashion Network
09-05-2025
- Business
- Fashion Network
Ex-Matchesfashion, Printemps CEO De Cesare named president of Grandi Stazioni Retail
Italian executive Paolo De Cesare has been appointed president of Grandi Stazioni Retail (GSR), the company that manages the retail space for over 700 stores in 14 railway stations in Italy's main cities, like Rome, Milan, Turin, Florence, Naples, Venice etc. GSR's station stores are active in the food, cosmetics, fashion, and electronics sectors, as well as in services such as pharmacies, car rental, and beauty salons. 'Overall, it is one of the largest and most successful shopping destinations in Italy,' De Cesare told 'At the heart of the company's success is a footfall of 750 million passengers a year, every retailer's dream,' he added. 'Moving to [GSR] is a natural evolution after the 12 years I spent at Printemps, and given my current position on the board of directors of Attica, the leading department store group in Greece,' said De Cesare. 'My passion is interacting with customers and brands to create exciting and unique experiences. Milan's main station has staged fantastic events, for example with Moncler, and even a runway show with Zegna. Countless opportunities to interact with customers and brands!' said De Cesare announcing his appointment. De Cesare has a 30-year experience in the luxury and retail sectors. Before joining Attica, he was CEO of British multibrand e-tailer Matchesfashion for a transitional period, between September 2021 and July 2022, and prior to that he was CEO of Printemps for 12 years. Between 2007 and 2020, De Cesare led the French department store group through a major transformation, with store and assortment upgrades and a repositioning as a luxury shopping destination. De Cesare also spent 24 years at Procter & Gamble, where he held a number of senior positions, including managing director and president of the cosmetics division in Japan, and global president of skincare and fine fragrances. He has worked in Italy, Belgium, the UK, Japan, the US and Switzerland. From 2016 to 2020, in addition to his executive roles, De Cesare was the president of IGDS, the largest international association of department store operators.
