Premia Properties signs agreement to acquire 34 REO assets from Piraeus Bank

The agreement, signed on 20 April 2026, is carried out through the subsidiary Pandora Invest II S.A. and concerns the acquisition of 34 properties from the REO portfolio of Piraeus Bank.

According to the relevant announcement, the properties are of mixed use and include, among others, office buildings, retail stores, and warehouse spaces.

The company states that the objective is to develop and utilize the properties in line with PREMIA’s long-term investment strategy, while the completion of the transaction is expected by the end of the second quarter of 2027.

The Chairman of the Board of Directors of PREMIA, Elias Georgiadis, commented that the agreement strengthens the company’s growth strategy, adding a portfolio with significant potential for returns and value creation.

This move is part of PREMIA’s broader framework of active portfolio management and expansion, at a time when the Greek real estate market is experiencing increased investor interest, particularly in asset classes with potential for upgrading and repositioning.