The Company will be a joint venture with the share participation of Grivalia in order to refurbish the existing building and upgrade it.
Grivalia has already agreed to acquire the remaining 51% of PPP3 following the completion of the asset’s redevelopment.
BriQ Properties acquired the property at a total price of € 625,000.
National Pangaea REIC on Wednesday announced the completion of a transaction to acquire 100% stake in I&B Real Estate.
Trastor REIC on Wednesday announced the acquisition of a commercial property in downtown Athens for 6.0 million euros.
The valuation by Company’s chartered surveyors is 850.000€.
CTDC is the owner of Hilton Cyprus hotel, the only 5 star hotel in Nicosia, Cyprus, with a capacity of approximately 300 rooms.
Trastor REIC acquires majority stakes in 4 real estate investment firms.
The property is fully let to Plaisio Computers, a Greek electronic equipment retail chain, for 12 more months onward.