The building, covering 456 sq.m. is located in Patision and Skalistiri streets.

All five properties were leased to Sklavenitis Group for a period of 25 years.

HSBC Bank plc, AXIA Ventures Group Ltd and Eurobank Equities Investment Firm as Joint Global Coordinators and Joint Bookrunners for the Placement.

Grivalia Hospitality is further evaluating other investments in tourism sector as part of its vision of creating long-term value.

Over the last 6 months, Grivalia Hospitality has accelerated its investment activity and has announced the acquisition of the majority stake in Pearl Island Project in Panama.

The total built area of the portfolio is 48,477sqm; seven units are located in Athens, two in Thessaloniki, one in each of Rethymno, Veria, Xanthi, Rhodes & Trikala, and one in Agrinio.

GRIVALIA PROPERTIES REIC announces that it has officially completed the acquisition of a 50% undivided interest over a commercial asset, located in 340, Syngrou Avenue in Kallithea, for which it was declared preferred bidder in an e-auction.

Total area is c. 12,400sqm, 5,130sqm of which concern the asset in Athens and 7,270sqm concern the asset in Glyfada.

The property is a listed building with a space of 1,086 sqm.

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.