Orilina Properties' outlook for 2024 remains positive, with the company increasing its property portfolio and its value, which reached €146 million in 2023.
The market is recovering, and the expected reduction in interest rates is expected to boost real estate, hence the company. In fact, as the management states, this boost will provide more growth opportunities for the company.
Two of the company's major investments are being accelerated and amount to €77.4 million.Elliniko has two five-star projects that are anticipated to be funded by the money the company raises from its Athens Stock Exchange listing.
The second project concerns the construction of a Private Members' Club, an investment of more than €20 million that is expected to be financed 27% from equity and 73% from debt. completion of the project is, barring any contingency, expected in 2026.
The Private Members' Club will have proximity to and views of the Elliniko Marina and Riviera Galleria and is planned to include, among other things, restaurants, swimming pools, sports fields, an outdoor gym, and many outdoor recreational areas for its members.