The hotel, located near Sarakiniko beach, has a total of 30 suites, each offering a private pool and uninterrupted sea view.
The merger was completed in accordance with art. 6-21 and 30-38 of Law 4601/2019
The purchase price was at €31.5 million and the acquisition was financed by the funds raised from Prodea's green bond.
The relevant renovation works are expected to be completed within 2023.
CASTLELAKE OPPRTUNITIES PARTNERS, LLC is not controlled by another legal or natural person.
The company also decided to eliminate all single-use plastics in its new offices.
The Company achieved an increase of 26% in rental revenue which amounted to €5.6 million compared to €4.5 million for the corresponding period of 2021
The property is located on 114 Kryoneri Avenue, and it is leased to Matsoukis Graphic Arts SA.