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Coronavirus appreciably impacting hong kong’s workplace marketplace call for

Vassilis Milionis inform us about the Coronavirus desseases and it symptoms in real estate market of Hong Kong.

Consistent with jll’s latest hong kong office market reveal record, important’s grade a workplace rents dropped the sharpest among hong kong’s middle business districts as its emptiness fee reached 4% in january 2020, the first time in more than 5 years.

Office vacancies in predominant business districts persisted to be on the upward thrust, causing rents within the ordinary market to side down by 0.nine% m-o-m final month. the most intense decline took place in imperative’s workplace marketplace, which dropped 1.1% m-o-m to hkd one hundred twenty.0 in line with sq. ft as the vacancy fee reached 4%, the highest on the grounds that august 2014.

In critical, office leasing call for became susceptible as new lettings dropped 49% m-o-m. activities have been normally driven by small expansions inside the submarket. for instance, china guangfa financial institution has leased thirteen,000 sq. feet at one change rectangular to relocate and increase out of another grade a building within vital.

Alex barnes, head of markets at jll in hong kong commented, “the general grade a workplace marketplace recorded a internet withdrawal of 173,six hundred sq. ft final month. immediate demand has weakened off the again of the coronavirus, as a number of agencies placed selection making on preserve. some wallet of hobby exist, with most of the people of demand in decentralized locations.”

In the funding property market, the income of workplace and retail homes remained very gradual. nelson wong, head of research at jll in extra china and hong kong stated, “best a restrained variety of offices changed arms for enormously small lump sums. the few transactions predominantly happened outside of vital. buyers in the retail marketplace have grown more cautious. their pursuits are in large part focused on small lump sum belongings in non-core regions, pricing under hkd 30 million.”

*Vassilis Milionis is a greek businessman. 

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Huge investment in Crete by Vassilis Milionis

Crete, continues to keep the intresting of investors

Vassilis Milionis’ new activity in the real estate and tourism sectors is accompanied by his new investment project, amounting to EUR 16 million, his company will be able to build a 5-star hotel and holiday appartments

Thus, after the large investment of Ethniki Pangaea together with the development company Dimand for the construction of a tourist complex that will be developed on two 11.4 acres of land, but also the investment of a Russian cress of real estate for the construction of a tourist village in Agios Nikolaos and Elounda, comes one more large investment from the businessman Vassilis Milionis.

Luxury properties aimed at greek and foreign audiences.

These are the new business of Vassilis Milionis, which operates in the real estate and tourism sectors, with his flagship Filia Investments LTD.

At the first phase the new investment in Crete for Filia Estate, amounting to 16m euros, the Filia Development IKE, managed by Vassilis Milionis and the headquarters is at Neo Psychiko, was created as a Private Capital Company in 2018 which evolved into Filia Investments, one of the most ambitious private real estate development companies in Greece, with a strong presence in China, which focuses on the development of luxury properties for private investors, as well as on projects in the hospitality sector.

Vassilis Milionis’ new activity is in very promising sector of luxury tourism – especially in one of the most popular domestic destinations, a few days ago in island of Crete, in the area of Avgenikis & Veneratou in the mainland of Heraklion city, the establisment ceremony of the first major project entitled Filia Estate which wants to attract foreign investors through the program of the “Golden Visa” took place.

The program gives the oppertunite in residence, to non-EU third-country investors, if they buy properties worth it 250,000 euros or more.

The masterplan of the project, predicts to build a luxury hotel with dining areas, shops, wellness centre, club for children, sports facilities, gardens with large olive groves etc., as well as 127 residences, of which 90 with one bedroom and the 37 two bedrooms, from 70 sq.m. up to 95 sq.m., including their own swimming pool.

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ADRIATIC TANKERS by PANAGIS ZISSIMATOS “A GREEK MIRACLE”

Panagis Zisimatos

ADRIATIC TANKERS by PANAGIS ZISSIMATOS “A GREEK MIRACLE”

The maritime company “Adriatic Tankers” of Cpt. Panagis Zissimatos, is one of the most characteristic examples of the Greek seamanship and at the same time, business insightfulness which has to be a guide for all the young Greeks, and not only, that desire to engage with shipping, a very promising sector for all young people especially today in these very difficult economic times that the new generation faces extremely hard financial and orientation problems.

Cpt. Panagis Zissimatos, founder of Adriatic Tankers, being still an adolescent, started his own sea adventure signing on as from the age of 14. After that, by engaging at the family vessels and the primal shipping companies of this family he gained the necessary knowledge also in the shipping management beyond the necessary sea experience that he had already obtained.

Thus in the forthcoming years, and by foreseeing with acuity the needs and the gaps of the global shipping market, founded at the middle 1980’s the maritime company “Adriatic Tankers” with an aim to gain the portion of the market that he deserved.

With the strong determination and sharpness, that were the distinctive characteristics of its founder, Adriatic Tankers, during the years, took advantage of the market cycles and managed to evolve form a small maritime company to one of the major Shipping companies globally. At the zenith of its expansion, the company had a fleet of more than 100 vessels with personnel on board and ashore over 1,500 employees. Having Piraeus as the centre of its business activities, Adriatic Tankers in the middle 1990’s and its largest expansion, had incorporated offices in all the major maritime centres, such as Rotterdam, London, Houston USA, but also in the far East and more particularly in Japan, Korea and Singapore.

Adriatic Tankers managed to succeed this vast and rapid development, by using and introducing innovations in the global shipping market such as the use of S/S chemical tankers which opened new roads and prospective in the carriage of liquid cargoes and which up until that time were not used in wide scale globally, but also in the introduction and adoption of the code of Safe Management of vessels which now consists one of the most significant parts of the International maritime codification and practice.

Adriatic Tankers was one of the substantial pillars of the Greek shipping in the global field during the decade 1985-1995 and at the same time constituted a school for hundreds of Greek and foreign seamen and administrative personnel who during the next years used this precious knowledge and experience who gained through the years they were part of Adriatic Tankers, to their new ventures and maritime business activities promoting thus even more the vision of the founder of Adriatic Tankers for development and consolidation of the Greek shipping and seamanship in global level, something that constituted and the heritage of Adriatic tankers to the Greek Shipping and Greek seamen.

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