Profit from adjustment to fair value of the Group’s investment properties amounted to €16.9million.

The total amount offered for the acquisition of the property was €2,351,000.

Premia has been negotiating for months with the companies that have purchased Boutari's liabilities

BIERCO REAL ESTATE SOCIETE ANONYME and OWNER ZEKAKOU 18 SOLE SHAREHOLDER PRIVATE CAPITAL COMPANY.

The agreed cash consideration of the Transaction will reach approximately €98mn (€1.25 per share).

The yield range which was determined by the Joint Coordinators and Bookrunners at 2.70% - 3.10%.

The total investment will be in the region of €35m and will be funded by the proceeds of the green bond that PRODEA issued in July 2021.

The bid offered for this property was €2,351,000.

The company has five hotels in its portfolio