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.

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.

The company expanded its Athens footprint with the addition of a building, home to the Brazillian and Portuguese embassies, as well as Mastercard.

The international real estate firm said it has entered into a joint venture with NBG.

The five hotel businesses are located in the Greek Islands with two in Corfu, two in Zante and one in Crete.

The portfolio's net book value reaches €23,8million.