The seller is Blue Colibri Capital Partners Fund II SCA, a Luxembourg-based SICAV-SIF.

The property is part of the Europe Select portfolio for institutional investors.

The budget of the project is estimated approximately at €19 million.

The company has a plot of 18,730 sqm. in Neos Faliro with a permit for the construction of a building complex of 57,450 sqm.

The property was acquired in September 2018 for €965.000.

The proceeding entity was Poseidon Financial Investor DAC (Fortress Investment Group) .

Among the properties on sale is a land plot of 17.000sqm which includes the "decayed" Kodak premises in Maroussi suburb.

Excavation works have begun on the construction site of the new Kaizen Gaming office building (Stoiximan | Betano), which is expected to be completed by June next year.

The luxury retailer plans to launch more office spaces to target people who work remotely from the suburbs.

Lamda Development S.A. announced a pivotal agreement with Piraeus Bank S.A., the first since the transfer of Hellinikon S.A. shares from the Greek state to Lamda Development.