The total built area of the portfolio is 48,477sqm; seven units are located in Athens, two in Thessaloniki, one in each of Rethymno, Veria, Xanthi, Rhodes & Trikala, and one unit together with an additional land plot in Agrinio.
The transaction involves the acquisition of 100% of the properties except for one unit in Kolonaki (50.00% indivisible ownership) and one in Egaleo (43.75% indivisible ownership).
More specifically, the auction was held on 10th February, 2017 and comprised the total assets of "ZENON PROPERTIES SA", a company under special liquidation.
The total price offered for the acquisition of the portfolio was € 16.25mn. The portfolio is currently leased to Sklavenitis Group.
It is noted that the Company had acquired the subject property portfolio in December 2002 for approximately €60mn and disposed it in November 2005 for approximately € 69mn.
