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Trastor REIC announces the signing of a Sale and Purchase Agreement, under certain conditions precedent, for the acquisition of 100% of the shares of the following four companies:
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National Pangaea REIC on Wednesday announced the acquisition of a 60 pct majority equity stake in Aphrodite Hills Resort Limited and Aphrodite Springs Public Limited in Paphos, Cyprus for 31.8 million euros.
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Intercontinental International REIC expands investments in Thessaloniki in accordance with its geographic diversification strategy for its portfolio.
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The 3-year maintenance of the road network amounts to € 2.3 million including VAT and will be done through open tenders.
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Invel Real Estate (Invel) on Thursday announced it has taken full control of NBG Pangaea REIC after the acquisition of National Bank’s equity stake by Invel Real Estate BV (29.8 pct) and CLHermes Opportunities LP (2.9 pct) for 390 million euros, raising its equity stake in Pangaea to 98.5 pct. Invel successfully financed a call option to buy the remaining 32.7 pct of Pangaea as announced in March 31.
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Intercontinental International REIC hereby informs the investors that it proceeded with the sale of 1 horizontal property (residence), with total surface 98.60 sqm located at 44, Fokianou street in Athens.
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Intercontinental International REIC S.A. announces that it concluded the disposal of a building having a total area of 2,574.81sqm.
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Intercontinental International REIC has informed investors for the resignation of Mr. Marios Apostolinas from the position of Executive BoD Member, Managing Director and Chairman of the Company’s Investment Committee.
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More buildings in Greece will meet latest standards of sustainability and eco-friendliness thanks to an EBRD €50 million loan to Pangaea, the country’s leading real estate investment company.
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Pending decision by the Competition Commission.
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The IKOS Sunny group operates 9 unique, privately owned resorts in Halkidiki, Corfu and Kos.
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Files under evaluation, worth more than 7 billion euros, are under evaluation in Enterprise Greece
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The company is promoting an investment program of € 3 million.
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He called on banks to take additional provisions to cover the new wave of rising bad loans.