The deal is Masdar’s latest involvement in the southern European power space, following its €3.2 billion (US$3.4 billion) acquisition of Greek power company Terna Energy.

The completion of the significant €180 million project is expected by 2027.

The total consideration for the purchase of the office portfolio amounted to €69.19 million.

BriQ's existing shareholders will hold 79.7% and ICI shareholders 20.3% of the share capital, while the Company will maintain its 41.3% free float.

Eurobank, in partnership with AFI, has disbursed 650 microloans, amounting to approximately €7 million.

The property value of the acquisitions amounts to c. €24.1m.