On July 5, China Energy Investment Corporation acquired a 75% stake in the Elica Group, a subsidiary of the Greek Copelouzos Group. The two parties held an official signing ceremony in Athens and formed an alliance to promote clean energy in Greece, the Balkans, and across Europe.
It is reported that the signing ceremony was attended by Stergios Pitsiorlas, Deputy Minister of Economy and Development of Greece, and Chen Suhong, First Secretary of the Embassy of the People's Republic of China in Greece. This marks a significant step for Chinese enterprises entering Greece and further strengthens China-Greece cooperation!
Last year, the Greek Copelouzos Group signed a cooperation agreement with China Shenhua Group to jointly develop green energy, upgrade power generation equipment in Greece and other countries, and promote environmental protection. This indicates that China and Greece have already made a great start in their cooperation within the new energy sector.
Chinese giants invest heavily and layout their presence in the Greek market
According to data from the Hellenic Statistical Authority, Greece's GDP grew by 1.4% in 2017, with a projected growth of 2.7% in 2018, making it a dark horse in the Eurozone.
Benefiting from the recovery of the Greek economy, China's "Belt and Road" initiative, and investor optimism regarding Greece's future economic prospects, the country has attracted investments from enterprises and investors from China and around the world in recent years.
Currently, Chinese investment in Greece covers infrastructure, shipping, energy, and real estate, with a total investment exceeding 7 billion euros. For instance, Industrial and Commercial Bank of China (ICBC), COSCO Shipping, State Grid Corporation of China, Alibaba, Fosun Group, Shenhua Group, and Xiaomi Corporation have all made significant investments in Greece.
In terms of capital cooperation, in June 2017, the State Grid Corporation of China acquired a 24% stake in the Greek power grid operator ADMIE for 320 million euros; COSCO acquired a 67% stake in the Piraeus Port Authority (PPA) and secured management rights through an international tender in 2016.
Regarding landmark commercial cooperation, Fosun Group has partnered with Lamda Development S.A. Together with their partners, they plan to invest 7.9 billion euros (approximately 60 billion RMB) to transform the southern coast of Athens into the "Las Vegas" of Europe.
International giants and celebrities are also investing heavily in Greece
As the Greek economy continues to improve and bank capital circulation strengthens, the Greek government is keeping pace with this positive development! Both Chinese and international enterprises have brought more job opportunities and investment potential to Greece, while also providing stable returns for investors in Greek real estate.
The Dutch retail giant Spar has returned to the Greek market, planning to open 80 stores by the end of 2018; the Four Seasons Hotels and Resorts is involved in the Astir resort project in southern Athens; and in January 2018, the French real estate group Barnes, one of the world's top five international real estate firms, announced its entry into the Greek market.
Celebrities and superstars are also flocking to buy property in Greece. For example, a Russian billionaire bought the island of Skorpios for his daughter, members of the Qatari royal family bought the island of Oxia, Cristiano Ronaldo bought a Greek island for his agent Jorge Mendes, Johnny Depp bought the uninhabited island of Stroggilo, and Sean Connery, Tom Hanks, and Rita Wilson all own properties in Greece...
After reading about so many legendary facts, are your eyes spinning? Actually, I want to tell you that following the lead of these titans in Greek investment is the right way to go!
Why choose to invest in Greece?
1. The government actively encourages investment and has enacted various laws and policies to promote both domestic and foreign investment.
2. There is a wide range of investment sectors; beyond traditional tourism, one can invest in urban infrastructure, real estate, shipping, electricity, finance, and energy.
3. As the economic hub of Southeast Europe, Greece possesses a vital geographical location and unique competitive advantages, serving as a gateway to Southeast European and Mediterranean markets.
4. As a member of the European Union, Greece benefits from economies of scale that can generate faster growth rates and high investment returns.
In an era where global investment titans are entering Greece, entering early means you can get a head start!
Investors from all over the world can obtain permanent residency in Greece through the 250,000-euro property investment immigration policy! The number of immigrants to Greece is likely to double in the future, so immigration experts suggest that you should invest in Greek immigration sooner rather than later!
As a pioneer and leader in Greek property investment immigration, WorldWay Group was one of the first to partner with the Greek Embassy in China to launch the "Greek Property Investment Immigration to China" initiative. We pioneered the "2013 European Immigration Year" and held the first large-scale European property exhibition themed around Greece and other European countries.
I have some good news for you! In the town of Nikiana on the island of Lefkada, located in a national-level tourist area of Greece, WorldWay Group is currently promoting a prime property project. We hold excellent resources and can help you achieve the goal of three generations obtaining residency with one application. Are you interested?
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Introduction to WorldWay Group's Boutique Greek Apartment Project:
Project Type: Semi-detached sea-view villas & townhouses
Completion Date: Q4 2019
Project Amenities: Private leisure club | Exclusive private pool for residents | Star-rated property management
Project Highlights: 4-year rental guarantee, 5.5% annual rental return | Freehold property | Front-line sea view | Qualifies for three-generation family immigration
Project Location
The project is just a five-minute walk from the center of Nikiana. The town center offers a variety of facilities and shops, with all daily necessities available, making it an ideal vacation paradise for tourists.
Distance to beach and marina—50 meters
Lefkada city center—10 minutes
International airport—25 minutes
Restaurants/supermarkets/cafes—100 meters
2 to 3 minutes walk to the bus station for access to Lefkada city center.
Exclusive Luxury Amenities
All units in the project are built using the highest quality materials combined with the most exquisite craftsmanship. The project is equipped with a private pool exclusive to residents, showcasing elegance. The private leisure club offers a range of luxury facilities, including authentic local restaurants and bakeries, a poolside bar, an outdoor swimming pool, and a spa, allowing residents to truly enjoy the ultimate luxury experience adjacent to the world's bluest sea.
▼For Greek property investment immigration, choose WorldWay! For more details, please call our consultation hotline: 400-138-2929