Eurobank Properties completes sale & lease back deal
Eurobank Properties completes sale & lease back deal
  REIC

Eurobank Properties completes sale & lease back deal

Eurobank Properties on Tuesday announced the formal completion of a sale and lease back deal for 14 real estate properties belonging to the Hellenic Republic Asset Development Fund.
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RE+D magazine
13.05.2014

Under the contract, Eurobank Properties will purchase these 14 property assets and will lease them to the Greek state for 20 years.

Under the contract, Eurobank Properties will purchase these 14 property assets and will lease them to the Greek state for 20 years.

These property assets cover a space of 189,000 sq.m. and house government services such as the Education ministry in Marousi, the Health ministry also in Marousi, the Justice ministry in Goudi and the Police headquarters in Athens.

The value of the transaction totals 145.81 million euros, while annual leasing revenues will be 14.05 million euros.