BriQ acquires mixed-use building in Athens commercial district
BriQ acquires mixed-use building in Athens commercial district

BriQ acquires mixed-use building in Athens commercial district

The building consists of horizontal properties of total surface 2.547,46sq.m.and is 100% leased.
RE+D magazine
29.11.2019

BriQ Properties R.E.I.C.,further to the announcement made on 13.11.2019 for the signing of a preliminary contract, announces the completion of the acquisition of a stand-alone mixed-use building in Athens central commercial district at a price of € 6.500.000.

The building (office building with ground floorretail) of total surface 3.022,24 sq.m. comprisesof 7 floors, ground floor, mezzanine andbasement.It is located at 67, Aiolou Str.in the Municipality of Athensand was fully renovated in 2009.

The building consists of horizontal properties of total surface 2.547,46sq.m.and is 100% leased.

The above investmentwasfinanced by existing bridge loan facilities which will be repaid from the net proceeds of the share capital increase that the Company has already announced.