In its 3rd episode “Dragon’s Lair”TV show ANT1 about investment and entrepreneurship, o Paul Eumorphides – founder of the newly formed party “EY-Movement”he said jokingly. “There was a man who was fishing, and someone comes and tells him, set up two hooks, because this way you will catch two fish, and you will sell one and buy a boat, and you will throw ten hooks, and you will sell nine fish. and then you buy a boat and sell fish all over the world and you have so much money that you sit down. “But I am still sitting,” the fisherman replied. This was Eumorphides’ clever way of saying “I’m out” when asked if he would invest in a bitcoin governance platform. “I don’t understand anything about these things,” he said a little earlier, adding a few more touches to the portrait of a modest, almost aloof businessman who has been constantly created over the years, who accidentally had a few extra euros. he has a barefoot prince at his disposal (who doesn’t remember sandals at the presidential palace last November).

“I never had a single key in my pocket. I don’t believe in keys. I’m a lawyer,” he replied to a locksmith who designed an inaccessible lock, refusing to invest in a patent. “I was born in Sparta and austerity was my godmother,” he told the smart home candidate. “They ask me where you live, and I say where it gets dark.” Dominic Preetis, founder of the roommate app MyRoomie, said: “If I tell you I’m getting my pension soon, I’m 64 and I don’t know where I’m going to get it from. ? I am all over the world and nowhere. Home only to sleep and forcibly. Yes, it’s out. Not because he doesn’t want to help, but because he “doesn’t know these things”. Keys; Material goods? mundane? It remains cloudy.

Real estate

Undoubtedly, from real estate he knows very well. The brothers Pavlos and Michalis Eumorphides entered real estate at the same time as the creation of Coco-Mat in 1989. In 2014, the real estate department was separated with the creation “Blue Cedar”, which received an AEEAP license in 2017 and was listed on the stock exchange in 2022. To date, the portfolio of the company, whose main shareholder is Pavlos Eumorphidis, consists of 37 properties with a total market value of 105,859,200 euros with an annual rent of 6,631,405 euros. The company recently purchased a three-storey building on Feidiou Street for €4.1 million to build a new 64-room “boutique hotel”. According to “K” (N. Rusanoglu, 03/30/23)the property was owned by Hotel Cluster (a company owned by Michalis Eumorphides, which is also the exclusive tenant of Blue Cedars AEEAP hotels) and was purchased at auction for only 510,000 euros.

However, the most expensive asset of the Blue Cedar remains Coco-Mat Athens BK, a hotel on Faliro Street, in the historic center, famous for its view of the Acropolis. The one he offers to his guests and the one he cuts off from the locals. As you know, the Coco-Mat is two floors taller than others in the area, as it took advantage of the new building code’s advantageous position, which gives a bonus rate and floors if the building is built with a green roof. The Hellenic Society for the Environment and Culture appealed, the original building permit was revoked (for the last two floors and the roof) and a demolition order was issued, which the hotel owners challenged in court.

Everything… wooden

IN Acropolis of course, he decided to lead the bike ride organized on Sunday by Paul Eumorphides on the occasion of the announcement of the creation of a new environmental party, as he described it. Riding a bike, especially Coco-Mat’s wooden bike, along with his sandals, is considered a presumption of his unconventionality. He also often talks about his love of nature and the environment in a somewhat… simplistic way. In The Dragon’s Lair, his comments are mainly about the possibility of processing wood products: from a bathing float and an air-purifying lamp to a mobile phone charger and a multi-trainer. He suggested to a young entrepreneur who produces organic apple chips that they should not be wrapped in polyethylene, but in a cloth bag sealed with beeswax. “But the cost is rising!” Well, the details.