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Next Previous The restructured properties and the new mortgages HOME • INSIDER • CYPRUS • The restructured properties and the new mortgages
< p> According to data provided by the column from LandBank Real Estate Analytics, in the first quarter of the year (January – March 2022) the number of real estate sales in Cyprus amounted to 4,345, of which 291 were related to loan restructuring, ie 6%. 7%. Compared to the corresponding period last year, an increase of approximately 24% is recorded.
In number, Nicosia holds the lead with 42% of all restructurings. They are followed by Paphos and Larnaca with 19% each and Limassol with 16%. In terms of value, the restructurings in Nicosia far exceed the other provinces, since with a total of € 22.4 million it represents 37% of the value of all the restructurings. Next, Limassol with € 18.6 or 31%, Paphos with € 9.9 million or 17% and Larnaca with € 8 million or 13%.
Continuing the trend of previous years, the largest percentage of restructurings, both in number and value, concerns fields. Based on the data of the Land Registry and Surveying, during the first three months of 2022, 4,372 mortgages were granted throughout Cyprus, with a total value of € 939 million. Compared to the corresponding period last year, mortgages record an increase of 24.6% in number and 38% in value . The largest increase in the number of mortgages (on an annual basis) was recorded in March where it reached 38%. In value, the largest increase was recorded in February with 75.2%. It is important to note that there was no decrease in the number or value of mortgages compared to the same period last year.
Famous supermarket for sale
Gordian Holdings is selling a famous building on Athalassa Avenue in Strovolos, which has housed the Pilavakis Supermarket since 1993, for the amount of € 2.2 million. The property is essentially a four-storey commercial building, which occupies two plots and is accessible from Athalassa Avenue and Pentelis Street. It consists of two basements, a shop on the ground floor and three single office floors. The basements have an area of 1,694 sq.m., the ground floor 567 sq.m. all three floors total area 1,461 sq.m. (487 sq.m. each floor). It has a building factor of 160% and coverage of 50%, which allows the construction of a six-storey building, with a maximum height of 24 meters. It is worth noting that the supermarket operated until recently under a new management, but a few weeks ago the manager of the building left for various reasons. Whether the building will house a new supermarket or whether it will be used differently will be seen in the near future.
He shakes a CSE handkerchief
The Hellenic Capital Market Commission in a recent decision approved the publication of the Public Offer Document for the acquisition of up to 100% of the issued share capital of Mallouppas & amp; Papacostas, whose securities are listed on the Cyprus Stock Exchange. Based on the Public Offer Document, the consideration offered to the shareholders of Mallouppas & amp; Papacostas who will accept the Public Offer is € 0.19 per share, payable in cash. The proposed consideration of € 0.19 per Share is 18.10% at a discount on the closing price of the Share the day before the announcement of the Public Offer and a goodwill of 2.15% at the lowest closing price for 12 months before the announcement of the Public Offer. Also, the proposed consideration is at a discount of 67.79%, in relation to the net asset value per share of Mallouppas & amp; Papacostas, according to the audited consolidated financial statements for the year ended 31 December 2021, which amounted to € 0,590. The Acceptance Period of the Public Offer for the shareholders of Mallouppas & amp; Papacostas starts on May 11, 2022 and ends on July 4, 2022, at 13:30. The Public Offer Document, as approved by the Commission, will be available free of charge in electronic form from May 11, 2022. & nbsp; Today it should be noted that Polys Mallouppas controls 40.23% of the company and Costas Papakostas 16, 66%, while 17.13% are controlled by CLR Investment and Stavros Giannaki 8.34%.
What if Russia invaded Russia, what if this year we will look for Russian tourists by candlelight? The & nbsp; Human Resources Development Authority of Cyprus (HRDA) is not afraid and announced an invitation for applications from the unemployed under the “Unemployed Training Programs” Plan for learning the Russian language. Participation in training programs broadens, he explains, the prospects for reintegration and better integration of the unemployed into employment. For the record, each program includes 100 hours of institutional (theoretical and practical) training in a certified Vocational Training Center (KEK), which has been selected after a relevant competition.
For each unemployed person participating in the program, the following:
(a) & nbsp; Training allowance of € 5 per training hour, ie € 500 per trainee for the whole training.
(b) & nbsp; Contributions to the Social Insurance Fund, the Social Cohesion Fund and the GESS, in accordance with the provisions of the relevant legislation.
The programs will be implemented in all provinces, depending on the expression of interest by the unemployed. The training programs are open to persons who are registered as unemployed in the Public Employment Service Register (PES) during the period of submission of applications for participation in the programs. Finally, unemployed people with previous work experience in the hotel sector, in the last two years before the start of the invitation, have priority.
Casino in Alfamega
Their strategic partnership with the French Casino Group, one of the largest retail companies in the world, was announced this week by Alfamega Supermarkets, which now have the exclusive opportunity to sell the products of the French giant in their stores. The cooperation of Alfamega Supermarkets with the company Casino concerns the distribution of approximately 1,000 codes, which cover a wide range of foods, including frozen and specialized food products, such as organic, veggie and gluten free. A wide variety of drinks as well as pet items are also included. The French company Casino is one of the largest food retailers in the world, with more than 10 thousand stores worldwide and a turnover of over € 31 billion. It is also worth noting that the company has a huge portfolio of private label products, exceeding the 5,700 codes in food and the 2,300 codes in non-food.
Meat and dairy in Kato Pyrgos
The environmental authority for the construction and operation of a butcher and dairy, which will prepare dairy and cheese products, in the community of Kato Pyrgos in the province of Nicosia. The total area of the dairy is 127 sq.m. basement and 200 sq.m. & nbsp; ground floor, while the capacity is 1000 liters of milk per day. The sausage workshop will be small capacity (100kg of pork daily) and will produce traditional products, such as sausages, pasturma, lountza etc. The total area of the building facilities is 138 sq.m. The project is owned by Nikolas Cleanthos and the total cost of its construction and operation is estimated at € 500,000. The project is expected to be completed within a period of six months after obtaining all required permits.