The company has a portfolio of tourist properties, offices, homes and mixed properties.
PREMIA PROPERTIES today announces the acquisition of a logistics property located in Aspropyrgos (Lakka area), Attica.
Five hotel units, with a total capacity of 1,800 beds in Mykonos and Corfu, were bought by Grecotel. The total the investment amounted to 61 million euros, while an additional 43 million euros will be allocated for the upgrade of hotels and villas for sale.
The company has a contract with Magellan Development Group for the "Vista Tower".
From the total amount of that area, 294.063sqm shall be dedicated to hotel and other tourist facilities.
The company said it planned to fully absorb Touristika Theretra SA by the end of 2018.
Mindlin was able to invest in Greek properties -at a relative bargain- at a time when the country has been experiencing its crisis pick and was engaged in MoU agreements with its creditors.
Following these acquisitions, the joint venture has almost doubled its portfolio in one year, in nine locations, four of which are located in Greece.
Municipality of Vari, Voula, Vouliagmeni in southern Attika had put up in auction 2 extended areas in Voula's beachfront.
The concessionaire will proceed with investments a mounting to €50million within the next five years, through which the Alimos marina will be modernized and become a top tourist port destination.