Prodea acquires control over Parklane, Aphrodite Hills and The Landmark Nicosia

12:14 - 11 December 2023

Real Estate

YODA Plc has sold 55% of MHV Mediterranean Hospitality Venture PLC to Prodea Real Estate Investment Company S.A.

The transaction, which was announced on the Cyprus Stock Exchange (CSE), is subject to approval by the Cyprus Securities and Exchange Commission (CySEC) and the Committee for the Protection of Competition.

MHV is active in the hospitality and real estate sectors of Cyprus and Greece, counting a number of luxury hotels and resorts, residential complexes and offices in its portfolio. In Cyprus, it owns the Parklane, Aphrodite Hills and The Landmark Nicosia.

MHV Mediterranean Hospitality Venture PLC was recently listed on the CSE’s Emerging Companies Market, while Prodeo is listed on the Athens Stock Exchange.

If approved, the transaction is expected to be completed in the first quarter of 2024 and once complete, Prodea Investments will hold an 80% stake in MHV.

News Feed

Read More

Thanos Michaelides: The German market may become equivalent to the UK's for Cyprus tourism
Eurobank Group to build care centre and independent living residences for people with disabilities
Infocredit Group receives Partner Excellence Award from HostingB2B
The new Starbucks store on Stavrou Avenue has opened its doors (pics)
Christodoulides showcases over 80 projects worth over €1b for the city and province of Nicosia
Cyprus achieves deployment of country's first quantum communication network
Cyprus’ EU Presidency a unique opportunity for the country, President says
ERATOSTHENES-UAE explore collaboration in Earth Observation, Space Technologies
Commission endorses positive preliminary assessment of Cyprus' €75.9m NextGenerationEU request
CBC reports €20.8 million increase in total deposits for May 2025