The acquisition price amounted to €28.6 million and was funded by a combination of bank debt to “THE GRID SA” from Piraeus Bank and equity.

This is the first investment of Premia Properties, in the sector of serviced apartments, under the strategic framework agreement with Dimand S.A.

Sources familiar with the ongoing negotiations cited by local news agency unveil that the deal would be Romania's largest upon completion.

"Hot" areas for urban redevelopment and infrastructure projects.

The successful bidder in the tender process for the historic property by Folli-Follie offered more than € 25 million.

The project was supposed to be built on part of the land of the former Grivita factory.

The property has a total leasable area of 21,000sqm and is not comprised in the firm’s list of properties that are to be liquidated.