Elefterotypia' premises were sold for a total of €10,89M
Elefterotypia' premises were sold for a total of €10,89M

Elefterotypia' premises were sold for a total of €10,89M

Value Touristiki S.A. has placed a successful bid to purchase the premises of Greek newspaper for a total of €10,89million.
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RE+D magazine
30.10.2018

Grivalia Properties REIC (“Grivalia") announced the signing of a pre-agreement for the acquisition of shares of the company with the distinctive title “Value Touristiki S.A.” (the “Company”).

The signing of the final  agreement will take  place in  due  time  following  the completion of the terms included in the pre-agreement.

The Company was proclaimed the selected bidder in the liquidation process of a stand-alone office building, with total areas of 14,427 sqm,  on the junction of Ilias Iliou str. and Minoos str.  in  Neos  Kosmos,  Attica. 

Read more regararding the purchase agreement.

Meanwhile Value Touristiki S.A. has recently placed a successful bid to purchase the premises of Greek newspaper "Elefterotypia" for a total of €10,89million.

According to sources familiar with the matter, the company is expected -in cooperation with other investors- to refurbish the property which is a six storey building with two underground levels that is located nearby Athens' Acropolis and the city's historical center as well as close to two Athenian metro stations.

In auction "Elefterotypia's" premises were finally disposed off at a hammer price that was equivalent to its initial auction price.