Latest news with #Greca
Daily News Egypt
2 hours ago
- Business
- Daily News Egypt
Greca Developments eyes Egyptian investors as gateway to Greek real estate, EU residency
Investing in real estate abroad has emerged as a compelling strategy for individuals seeking financial growth, asset diversification, and greater lifestyle flexibility. Whether driven by the promise of stable returns, the appeal of dual residency, or the desire to hedge against local market volatility, a growing number of investors are looking beyond their national borders. From the charming streets of European capitals to emerging hotspots in Southeast Asia, international property markets present a wide array of opportunities for savvy buyers seeking long-term value and global mobility. Ahmed Abbassi, Founder and CEO of Greca Developments—a company specializing in transforming older buildings in central Athens into residential units for sale or lease—announced that the company is preparing to launch 150 new units. This expansion is part of Greca's current portfolio, which includes 15 buildings comprising a total of 300 units, with a combined investment value exceeding €50m. Abbassi added that Greca has laid out expansion plans for the coming years, with a further €30m in investments earmarked to support growth. The company also owns five land plots across Greece, totaling 4,000 square meters, which are slated for development as part of its broader strategy to expand its footprint in the Greek real estate market. Abbassi emphasized that the company's presence in Egypt is not intended to compete with local developers. Instead, Greca is targeting a specific segment of clients interested in external investments that offer stable returns along with the added benefits of European travel and residency. He clarified that Greca's operations in Egypt will be limited to marketing its overseas real estate projects, with no plans to engage in local development. The company aims to attract Egyptian investors seeking opportunities abroad, particularly those looking to diversify their portfolios and secure access to European residency. Abbassi noted that around 80% of Greca's current client base consists of Egyptians, with the remaining 20% made up primarily of Turkish investors. In light of this growing demand, the company plans to open an office in Egypt during the last quarter of next year, aiming to facilitate the marketing of its projects and allow for in-person client meetings, replacing the current reliance on virtual communication. Additionally, Greca plans to participate in the Cityscape exhibition in September 2025 as part of its strategy to increase visibility and promote its projects to the Egyptian market. Abbassi highlighted that owning property in Greece not only generates attractive annual returns—reaching up to 6.5% in some cases—but also allows investors to obtain Greek residency, which is renewable every five years as long as the property remains under ownership. This residency permits visa-free travel across 46 Schengen countries, offering significant lifestyle and mobility advantages. He further explained that Greca manages investment properties on behalf of clients, handling rental operations, maintenance, and the direct transfer of rental income to investors. The company follows a business model that focuses on converting commercial and office buildings into residential units that qualify for European residency, enabling clients to secure residency by purchasing property starting from just €250,000. This stands in contrast to the significantly higher investment thresholds for new-build properties, which can reach up to €800,000. Abbassi pointed out that these regulatory changes were introduced by the Greek government to prevent pressure on new residential projects and to avoid inflating property prices, making converted properties a more accessible and sustainable option for residency seekers. He concluded by stating that the company plans to expand its operations in Egypt shortly, to attract more clients to purchase residential units owned by Greca and obtain permanent residency. The company is particularly targeting investors who are seeking new and stable opportunities within the European Union, using Greece as their entry point.
Zawya
5 days ago
- Business
- Zawya
Greca Eyes Egyptian Investors with €85mln portfolio & expansion plans
Cairo. Greca Real Estate Development is currently negotiating the acquisition of 8 new buildings comprising around 300 residential units, with total investments estimated at €35 million. In addition, the company owns approximately five land plots across various Greek regions, covering a combined area of nearly 4,000 square meters, which are slated for future development. The company has already begun collaborating with agencies and offices specializing in Egyptian outbound travel, aiming to showcase its projects to prospective buyers. According to CEO and founder Ahmed Abbassi, 80% of the company's sales to date have come from Egyptian clients—thanks in part to the Egyptian background of Greca's board, which boasts strong local market ties. The remaining clients are largely from Turkey or are Egyptian nationals residing in the UAE. Abbassi emphasized that Greca is not targeting the traditional real estate buyer in Egypt. Rather, the company is appealing to individuals seeking ease of movement and access across Europe. Greca's business model is designed to attract Egyptian investors aiming to unlock EU residency through the Greek property market. Looking ahead, the company plans to expand its presence in Egypt to attract a broader client base, especially those looking for permanent residency in Europe through Greek investment opportunities. Abbassi explained that under Greece's current legal framework, foreign buyers can qualify for permanent residency by investing €800,000 in new residential projects. However, if the purchased property involves a change of use—from commercial or administrative to residential—the minimum threshold drops significantly to €250,000. These legal changes, recently introduced by the Greek government, are aimed at easing pressure on new housing supply and curbing the surge in real estate prices. Greca specializes in acquiring strategically located buildings, redeveloping them, and offering them to clients seeking European residency. The company currently owns 15 buildings in Greece, with total investments of around €50 million covering both acquisition and redevelopment costs. The firm also announced its intention to open a Cairo office by Q4 of next year, aiming to streamline project marketing and enable direct client engagement, rather than relying solely on virtual meetings as it does now. Abbassi revealed Greca's plan to release 150 new residential units in Athens to the market this period.
Fashion Value Chain
22-07-2025
- Entertainment
- Fashion Value Chain
Versace Unveils Bold New Watches for Men and Women
Versace's latest launch is a celebration of bold elegance, presenting two striking watches that merge luxury with statement design. The new Greca Time GMT is built for men with global presence, combining dual-time functionality with signature Greca motifs and a bold black-and-gold finish — a perfect match for the confident, cosmopolitan man. Meanwhile, the Reve Watch stands out with its sculptural silhouette and sensual design, tailored for women who embrace glamour. With a curved tonneau case, Greca-engraved bracelet, and crystal-adorned lugs, this timepiece delivers a powerful mix of grace and grandeur. Both designs embrace iconic Versace elements — the Medusa, Greca detailing, and opulent gold finishes — to deliver watches that are more than accessories; they are fashion statements. Shop now via Timex-authorized retailers or online at
The Age
04-07-2025
- Entertainment
- The Age
Brisbane's best places to eat and drink
Happy Boy A modern institution a short walk from James Street Brothers Cameron and Jordan Votan channelled their childhood love of the humble suburban Chinese restaurant to create this rambunctious, keenly priced eatery, which packs out with diners seven nights a week. But what looks simple is, in fact, sophisticated: the menu draws its inspiration from all corners of China, and is matched by a brilliant wine list that presents some of Australia's best small growers. The restaurant's neighbouring sister venues – Snack Man and Petite – are also essential. All are just a short stroll from hip James Street. Under fairy-lit trees, East Street, Fortitude Valley. Phone: 0413 246 890. See Agnes A wood-fired star in a heritage-listed warehouse Brisbane's best restaurant? Take a straw poll of local diners and most will tell you it's Agnes. Wood-fired dining is everywhere now but rarely this considered or precise, chef-owner Ben Williamson and head chef Ryan Carlson tapping the best local, seasonal produce and transforming it over a dramatic open hearth. The heritage-listed setting in a late 19th-century warehouse accounts for the rest of the charm. If you dine at just one Brisbane restaurant, make it Agnes. 22 Agnes Street, Fortitude Valley. Phone: (07) 3067 9087. See Essa A James Street local's pick A hidden, low-key antidote to the surrounding glamour of James Street, Essa is where those in the know go for their midweek date nights. Chef Phil Marchant is a master at getting out of the way of his seasonal produce – you might eat wood-fired bugs with bay leaf butter and sea herbs, or barbecue spatchcock chicken with mortadella and beluga lentils. Most will chase a table in the moodily detailed dining room, but at the counter opposite the wood fire, watching the chefs in action, is the regulars' tip. Match it with a drink either before or after at neighbouring Nixon Room. 181 Robertson Street, Fortitude Valley. Phone: (07) 3177 1011. See Greca Generous, fast-paced Greek food on the river Brisbane's busiest restaurant? Greca is in with a decent shout. It doesn't matter when you visit, always book ahead. Homey, fast-paced Greek food – think luscious saganaki, oven-baked lamb shoulder and whole barbecue trout – is given a contemporary touch-up in this lively taverna-style eatery at Howard Smith Wharves. Where to sit? On the deck overlooking the river is best, with prime views of the city's financial district. The Barthelmes Group's neighbouring sister venue, Yoko, is excellent also. Howard Smith Wharf Precinct, 3/5 Boundary Street, Brisbane. Phone: (07) 3839 1203. See Stanley Elevated Cantonese from a top chef The king of Brisbane's Cantonese restaurants, Stanley occupies the heritage-listed former Water Police headquarters at buzzy Howard Smith Wharves. Star chef Louis Tikaram taps his local roots to present exceptional seasonal produce cooked with vibrant Cantonese flavours. You might order soy-poached chicken with Cantonese five spice roast duck, or wok-tossed typhoon shelter mud crab. Hit the restaurant early in the evening to catch the best of the riverside sunset, before heading upstairs for knockoffs at Stans, its vinyl-spinning, cocktail-slinging sister bar. 5 Boundary Street, Brisbane City. Phone: (07) 3558 9418. See Coffee Anthology The yardstick for Brisbane specialty coffee Rated as the eighth-best coffee shop in the world, Coffee Anthology's Adam Wang has built his reputation on a laser-focused eye for detail when presenting the best roasters from around the country. Like any coffee spot worth its weight in beans, the brew is available as espresso, filter or batch. Anthology shares its smart city digs behind a refurbished heritage facade with two sister venues: grab a flaky croissant from The Whisk and takeaway your coffee to nearby City Botanic Gardens, or settle in at Fika for one of the best brunches in the CBD. 155 Charlotte Street, Brisbane City. See Baja A lively frontrunner for the city's best Mexican Australia's evolution of Mexican cuisine into something more authentic took a moment to reach Brisbane, but owner-operator Daniel Quinn took the initiative with this freewheeling, brightly detailed restaurant. The food is all braised brisket and carnitas tacos, reef fish aguachile, and charred and pickled sweet corn, the drinks anchored by a list of tequila and mezcal mostly sourced from smaller, independent agave farms in Mexico. The perfect starting point for a night out in party precinct Fortitude Valley. 211 Brunswick Street, Fortitude Valley. Phone: (07) 3625 0069. See Exhibition Essential omakase in a subterranean CBD space Tim Scott moved on from the acclaimed Joy (also fabulous, if you can nab a booking) to open this precise, Japanese influenced restaurant in the heart of the CBD. Head down the stairs into a moody, subterranean bolthole as Scott channels his vivid creativity into an experience designed to showcase the best local produce (the restaurant's co-owner is Michael Nguyen of Thai Hoa Grocer – one of the best suppliers of fresh produce in the city). A must-do, particularly when combined with a cocktail from natty Dr Gimlette upstairs. Milquetoast Brilliant wines and British food in a rumpus room-like space Find the moody laneway opposite the newly opened InterContinental Hotel on Elizabeth Street and you've found Milquetoast, which occupies an old garage behind a roller door. Billed as a wine bar first, Milquetoast co-owner James Horsfall has compiled a 70(ish)-bottle list that focuses on small producers, while venue manager Aidan Perkins manages a cocktail list that focuses on higher end spirits. For food, chef Jack Burgess cooks a surprisingly innovative menu that drills down on a revitalised interest in British food. Treat this as a two-hander with rock bar Alice, across the laneway. Laneway/199 Elizabeth Street, Brisbane. Phone: 0420 740 514. See RDA Peerless French technique meets Australian produce Chef-patron Dan Arnold (RDA is short for Restaurant Dan Arnold) has taken years of training in Gallic kitchens and applied them to local produce presented over either a three-course, five-course or 'carte blanche' (chef's selection) menu. It's often breathtaking stuff that will reward seasoned diners, but is just as appealing to those on a date night. Head to Arnold's La Cache a Vin in Spring Hill if you're chasing something more provincial in style. 10/959 Ann Street, Fortitude Valley. Phone: (07) 3189 2735. See Rothwell's Trans-Atlantic dining in sumptuous digs Inspired by restaurants such as The Wolseley in London, and Musso & Frank Grill in Los Angeles, Rothwell's is a favourite among the power lunchers from the nearby financial district, but at night dims the lights to welcome occasion diners drawn by chef Ben Russell's (formerly Aria Brisbane) European-inspired menu. The heritage space, with its sumptuous booths and reams of marble, is the perfect place to celebrate over generous pastas and meat dishes, while knocking back a few martinis (served with a sidecar on ice). Co-owner Dan Clark also operates 1889 Enoteca in Woolloongabba if you're after Roman comfort food accompanied by an award-winning wine list. Florence A picture-perfect excuse to explore Brisbane's bucolic suburbs Florence occupies an old weatherboard shopfront in bucolic Camp Hill, about 10 minutes from the city. Generous breakfasts and brunches in the cafe's light-filled dining room are the go here, but it's worth visiting just for a coffee before hitting up nearby Camp Hill Antique Centre for something to take home with you. 54 Martha Street, Camp Hill. Phone: 0436 469 611. See Naldham House Brasserie A slick linchpin in a heritage dining precinct From Dap & Co (Andrew Baturo, Denis Sheahan and Splendour in the Grass creator Paul Piticco) comes this heritage-listed diner, that has hatted chef Doug Kyte (formerly Grill Americano in Melbourne) in the kitchen. Expect a menu of elevated Euro-inspired comfort food in a dining room decked out in a kaleidoscope of patterns from crack designer Anna Spiro. The linchpin in a three-level mini dining precinct, and upstairs you'll find cocktail bar Club Felix and The Fifty Six, a brilliant new Cantonese restaurant.
Sydney Morning Herald
04-07-2025
- Entertainment
- Sydney Morning Herald
Brisbane's best places to eat and drink
Happy Boy A modern institution a short walk from James Street Brothers Cameron and Jordan Votan channelled their childhood love of the humble suburban Chinese restaurant to create this rambunctious, keenly priced eatery, which packs out with diners seven nights a week. But what looks simple is, in fact, sophisticated: the menu draws its inspiration from all corners of China, and is matched by a brilliant wine list that presents some of Australia's best small growers. The restaurant's neighbouring sister venues – Snack Man and Petite – are also essential. All are just a short stroll from hip James Street. Under fairy-lit trees, East Street, Fortitude Valley. Phone: 0413 246 890. See Agnes A wood-fired star in a heritage-listed warehouse Brisbane's best restaurant? Take a straw poll of local diners and most will tell you it's Agnes. Wood-fired dining is everywhere now but rarely this considered or precise, chef-owner Ben Williamson and head chef Ryan Carlson tapping the best local, seasonal produce and transforming it over a dramatic open hearth. The heritage-listed setting in a late 19th-century warehouse accounts for the rest of the charm. If you dine at just one Brisbane restaurant, make it Agnes. 22 Agnes Street, Fortitude Valley. Phone: (07) 3067 9087. See Essa A James Street local's pick A hidden, low-key antidote to the surrounding glamour of James Street, Essa is where those in the know go for their midweek date nights. Chef Phil Marchant is a master at getting out of the way of his seasonal produce – you might eat wood-fired bugs with bay leaf butter and sea herbs, or barbecue spatchcock chicken with mortadella and beluga lentils. Most will chase a table in the moodily detailed dining room, but at the counter opposite the wood fire, watching the chefs in action, is the regulars' tip. Match it with a drink either before or after at neighbouring Nixon Room. 181 Robertson Street, Fortitude Valley. Phone: (07) 3177 1011. See Greca Generous, fast-paced Greek food on the river Brisbane's busiest restaurant? Greca is in with a decent shout. It doesn't matter when you visit, always book ahead. Homey, fast-paced Greek food – think luscious saganaki, oven-baked lamb shoulder and whole barbecue trout – is given a contemporary touch-up in this lively taverna-style eatery at Howard Smith Wharves. Where to sit? On the deck overlooking the river is best, with prime views of the city's financial district. The Barthelmes Group's neighbouring sister venue, Yoko, is excellent also. Howard Smith Wharf Precinct, 3/5 Boundary Street, Brisbane. Phone: (07) 3839 1203. See Stanley Elevated Cantonese from a top chef The king of Brisbane's Cantonese restaurants, Stanley occupies the heritage-listed former Water Police headquarters at buzzy Howard Smith Wharves. Star chef Louis Tikaram taps his local roots to present exceptional seasonal produce cooked with vibrant Cantonese flavours. You might order soy-poached chicken with Cantonese five spice roast duck, or wok-tossed typhoon shelter mud crab. Hit the restaurant early in the evening to catch the best of the riverside sunset, before heading upstairs for knockoffs at Stans, its vinyl-spinning, cocktail-slinging sister bar. 5 Boundary Street, Brisbane City. Phone: (07) 3558 9418. See Coffee Anthology The yardstick for Brisbane specialty coffee Rated as the eighth-best coffee shop in the world, Coffee Anthology's Adam Wang has built his reputation on a laser-focused eye for detail when presenting the best roasters from around the country. Like any coffee spot worth its weight in beans, the brew is available as espresso, filter or batch. Anthology shares its smart city digs behind a refurbished heritage facade with two sister venues: grab a flaky croissant from The Whisk and takeaway your coffee to nearby City Botanic Gardens, or settle in at Fika for one of the best brunches in the CBD. 155 Charlotte Street, Brisbane City. See Baja A lively frontrunner for the city's best Mexican Australia's evolution of Mexican cuisine into something more authentic took a moment to reach Brisbane, but owner-operator Daniel Quinn took the initiative with this freewheeling, brightly detailed restaurant. The food is all braised brisket and carnitas tacos, reef fish aguachile, and charred and pickled sweet corn, the drinks anchored by a list of tequila and mezcal mostly sourced from smaller, independent agave farms in Mexico. The perfect starting point for a night out in party precinct Fortitude Valley. 211 Brunswick Street, Fortitude Valley. Phone: (07) 3625 0069. See Exhibition Essential omakase in a subterranean CBD space Tim Scott moved on from the acclaimed Joy (also fabulous, if you can nab a booking) to open this precise, Japanese influenced restaurant in the heart of the CBD. Head down the stairs into a moody, subterranean bolthole as Scott channels his vivid creativity into an experience designed to showcase the best local produce (the restaurant's co-owner is Michael Nguyen of Thai Hoa Grocer – one of the best suppliers of fresh produce in the city). A must-do, particularly when combined with a cocktail from natty Dr Gimlette upstairs. Milquetoast Brilliant wines and British food in a rumpus room-like space Find the moody laneway opposite the newly opened InterContinental Hotel on Elizabeth Street and you've found Milquetoast, which occupies an old garage behind a roller door. Billed as a wine bar first, Milquetoast co-owner James Horsfall has compiled a 70(ish)-bottle list that focuses on small producers, while venue manager Aidan Perkins manages a cocktail list that focuses on higher end spirits. For food, chef Jack Burgess cooks a surprisingly innovative menu that drills down on a revitalised interest in British food. Treat this as a two-hander with rock bar Alice, across the laneway. Laneway/199 Elizabeth Street, Brisbane. Phone: 0420 740 514. See RDA Peerless French technique meets Australian produce Chef-patron Dan Arnold (RDA is short for Restaurant Dan Arnold) has taken years of training in Gallic kitchens and applied them to local produce presented over either a three-course, five-course or 'carte blanche' (chef's selection) menu. It's often breathtaking stuff that will reward seasoned diners, but is just as appealing to those on a date night. Head to Arnold's La Cache a Vin in Spring Hill if you're chasing something more provincial in style. 10/959 Ann Street, Fortitude Valley. Phone: (07) 3189 2735. See Rothwell's Trans-Atlantic dining in sumptuous digs Inspired by restaurants such as The Wolseley in London, and Musso & Frank Grill in Los Angeles, Rothwell's is a favourite among the power lunchers from the nearby financial district, but at night dims the lights to welcome occasion diners drawn by chef Ben Russell's (formerly Aria Brisbane) European-inspired menu. The heritage space, with its sumptuous booths and reams of marble, is the perfect place to celebrate over generous pastas and meat dishes, while knocking back a few martinis (served with a sidecar on ice). Co-owner Dan Clark also operates 1889 Enoteca in Woolloongabba if you're chasing Roman comfort food accompanied by an award-winning wine list. Florence A picture-perfect excuse to explore Brisbane's bucolic suburbs Florence occupies an old weatherboard shopfront in bucolic Camp Hill, about 10 minutes from the city. Generous breakfasts and brunches in the cafe's light-filled dining room are the go here, but it's worth visiting just for a coffee before hitting up nearby Camp Hill Antique Centre for something to take home with you. 54 Martha Street, Camp Hill. Phone: 0436 469 611. See Naldham House Brasserie A slick linchpin in a heritage dining precinct From Dap & Co (Andrew Baturo, Denis Sheahan and Splendour in the Grass creator Paul Piticco) comes this heritage-listed diner, that has hatted chef Doug Kyte (formerly Grill Americano in Melbourne) in the kitchen. Expect a menu of elevated Euro-inspired comfort food in a dining room decked out in a kaleidoscope of patterns from crack designer Anna Spiro. The linchpin in a three-level mini dining precinct, and upstairs you'll find cocktail bar Club Felix and The Fifty Six, a brilliant new Cantonese restaurant.
