Vouliagmeni

Procopiou-owned company acquires stake in Astir Palace’s holder

A corporate entity owned by George Procopiou, one of Greece's leading shipowners, has spent about 150 million euros on acquiring a third of the shares of the Apollo Investment Holdco SA company that controls the emblematic Astir Palace resort at Vouliagmeni, southern Athens.

Glyfada: Bomb alert ends on Vouliagmeni Avenue

The emergency situation for the Greek Police was resolved shortly after 2 PM on Wednesday (October 30) after a mobilization occurred following a bomb threat in the Glyfada area on Vouliagmeni Avenue.

Specifically, the police mobilization began after a man called 112, claiming to be from the 17 November group and stating that a bomb would explode in Glyfada.

Shipowner George Prokopiou acquires stake in Astera Vouliagmenis

According to unconfirmed reports, shipowner George Prokopiou has reached an agreement to acquire a stake exceeding 30% in Astera Vouliagmenis.

It is currently unclear whether this stake pertains to the Turkish Dogus participation (33%) or if it involves a share from the Arab owners, with discussions indicating that the price is around 300 million euros.

2024 Real Estate Trends: House Prices, Renting Costs, and Affordable Areas to Live

According to Spitogatos data, average asking prices for residential sales prices across Greece increased by 6.8% in the third quarter of 2024 compared to the same period in 2023, while average asking prices for rental properties increased by 7.6%.

The highest house purchase prices were recorded in the southern suburbs of Athens and the Cyclades, the lowest in Kastoria and Florina

One injured in three car pile-up in southern Athens

One person was lightly injured in a three car pile-up that occurred just before midnight Wednesday in Limanakia, a seaside area of Vouliagmeni, southern Athens.

The driver of a car traveling from Varkiza to Athens lost control of the vehicle, hit another car, which then collided with a third. 

The area of Limanakia is known for unofficial drag racing late at night. 

Ambitious pedestrian, cycle path slated for completion by end-2025

The new pedestrian-bicycle path along the so-called Athenian Riviera will be ready by the end of 2025.

A small section has already been built in Glyfada. However, it has met with reactions from the Municipality of Elliniko, as it passes through residential areas instead of along the beachfront, due to a large-scale investment currently being implemented there.

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