Grivalia acquires Praktiker’s premises in Heraclio,Crete
Grivalia acquires Praktiker’s premises in Heraclio,Crete
  REIC  |  Retail  |  Crete

Grivalia acquires Praktiker’s premises in Heraclio,Crete

The €8,5 million investment was financed by a capital increase plan which was fully completed not later than the end of 2014.
RE+D magazine
19.03.2015

Grivalia Properties on Thursday announced the completion of a transaction

to acquire and lease back a real estate property asset from Praktiker Hellas.

The real estate property is located in Nea Alikarnassos, Heraclio Crete.

The value of the transaction was 8,5 million euros and the guaranteed initial leasing return was set at 9,5 pct.

The transaction was made using capital raised from a share capital increase plan which was completed in 2014.