Investments
![GRIVALIA purchases two retail assets in Athens GRIVALIA purchases two retail assets in Athens](/media/blog/GRIVALIA_AB9.png?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
Total area is c. 12,400sqm, 5,130sqm of which concern the asset in Athens and 7,270sqm concern the asset in Glyfada.
![NBG PANGAEA invests in warehouse sector NBG PANGAEA invests in warehouse sector](/media/blog/PRODEA_ASPROPYRGOS11.png?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
Pangaea recently proceeded with the signing of a preliminary agreement for the acquisition of three warehouses under development with modern specific actions in Aspropyrgos, Attica.
![Two foreign funds acquire stake in Pangaea Two foreign funds acquire stake in Pangaea](/media/blog/PRODEA_COSMOTE.jpeg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
The two firms bought stakes in Invel Real Estate Partners, a private equity fund that owns a 65 percent stake in Pangaea.
![Grivalia Hospitality purchases majority stake in Nafsika S.A. Grivalia Hospitality purchases majority stake in Nafsika S.A.](/media/blog/asteria-glyfadas.jpg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
The renowned "Asteria" Hotel, which used to operate within the property, is planned to be fully upgraded into an ultra-luxury urban resort run by an internationally acclaimed hotel operator.
![Pangaea purchases invests €5,7M in Athenian commercial property Pangaea purchases invests €5,7M in Athenian commercial property](/media/blog/PRODEA_COSMOTE.jpeg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
In an announcement, Pangaea said it will invest €1.3 million to fully restore the building, raising its investment to €7million.