Spyridakos Group IKE s expected to acquire building facilities and hotel equipment though a €1.127 million total investment.

The transaction is considered to be in line with Piraeus general strategy to reduce costs and exploit its assets and is estimated to result reducing its operating costs c.€5 million annually.

The office building is about 50% leased.

The company has a portfolio of 520 MW total power.

It has developed a new innovative software called Como App, to monitor construction/maintenance operations in terms of Quality, Health and Safety in the field.

The transaction resulted in a total consideration of €7,800.

The specific loan facilities relate to the construction of «MARE WEST» Retail Park in Corinth.

The Concession Agreement between the State and V.P.A. S.A. has a duration of 60 years from its signing and expires in 2062.

The company aspires to create the largest logistics hub in Northern Greece.

The agreement concludes the funding of Sunlight’s 5-year business plan.