Wert Red is a Luxembourg based company wholly owned by Varde Partners.
The offered bid was more than €11.000.000.
The real estate property has a total surface of 700 sq.m.
The five-storey building covers a space of 838 sq.m. and it is fully leased to five different companies.
Lazart Hotel has 74 spacious rooms and offers luxurious accommodation in a privileged spot of Thessaloniki.
The share purchase price amounted to €11.2 million of which €7.6 million was paid upon the transfer of the shares.
The REIC purchased EUROCO office building for €1.400.000.
A year ago the coronavirus pandemic ended up drastically changing the way we work, since teleworking became the new rule.
BriQ Properties R.E.I.C.(the "Company") announces that the total value of its 28 properties(Company and subsidiaries)amounted to € 100,4 million according to Company’s Investment Schedule dated 31.12.2020.
The €8,5 million investment was financed by a capital increase plan which was fully completed not later than the end of 2014.