AVAX Development and Dimand SA jointly purchase stake in 3V SA
The company has a plot of 18,730 sqm. in Neos Faliro with a permit for the construction of a building complex of 57,450 sqm.
The AVAX group through its subsidiary AVAX Development and Dimand SA have inked an agreement to jointly purchase a stake in the company 3V SA.
In particular, over a period of 12 months, they will acquire a participation rate of 15% and 55% respectively.
The company 3V SA has in Neo Faliro, next to the G. Karaiskakis Stadium and in the wider area of the Innovation Center auctioned through PPP, a plot of 18,730 sqm. with a building permit for the construction of a building complex of 57,450 sqm.
A mixed-use complex will be developed on the property after redesign in order to exploit it.
It is noted that the two companies have already proceeded with the implementation of the investment by paying the first installment provided by the agreement.