Athens, Greece. Eurobank said it has financed the development of the new UNIC Athens campus in the Elliniko area, a project exceeding €65 million. The bank said the investment expands the presence of the University of Nicosia in Greece.
Inauguration ceremony in Elliniko
The official inauguration ceremony for UNIC Athens took place on April 30 in the presence of Greek Prime Minister Kyriakos Mitsotakis, President Nikos Christodoulides, representatives of the Greek government, and members of the academic and business communities.
Eurobank was represented by deputy chief executive officer Konstantinos Vassiliou and other group executives.
Role of UNIC Athens and project participants
According to Eurobank, UNIC Athens will serve as the academic and research base of the University of Nicosia in Greece.
The investment is being implemented through the participation of the University of Nicosia and Hellenic Healthcare Group, and was described as strengthening the international outlook and global presence of Cypriot education.
Financing and scope of the investment
Eurobank said its financing covered the acquisition of the property through bank funding, as well as the full modernisation and technical upgrade of the facilities under the Recovery and Resilience Facility loan programme.
The bank confirmed the total investment for the development exceeds €65 million.
Operational and environmental performance targets
Eurobank said the project aims to achieve a high level of operational efficiency for the property and ensure the optimal functioning of the university through a modern, fully equipped academic unit in a building designed to meet advanced operational and environmental performance standards.
The modernisation and technical upgrade investment falls under the “Green Transition” pillar of Greece’s national recovery and resilience plan, “Greece 2.0”.
What impact do you think UNIC Athens will have on the University of Nicosia’s presence in Greece?