The minimum monthly rent is set at €30,000.

The purchase will be financed by funds raised from the share capital increase completed by the Company in January 2024 as well as by bank debt.

Israeli billionaire Teddy Sagi's famous LABS Tower in Trastor's portfolio.

Empira Group plans to comprehensively modernise these buildings and modify them to meet current energy-efficiency requirements.

By the end of 2024, it is estimated that an additional 125,000 sq.m. will be added. in the existing green stock and by the end of 2026 it is predicted that an additional 210,000 sq.m. will have been developed.

A total of €5,500,000 maximum will be available for the property that should be located in the center of Athens.

The reserve price is 7.3 per cent lower than the one in its 2023 bid to be sold en bloc at $600 million.

The first three projects, which have a Gross Development Value of over £430 million.

The property was included in the real estate management portfolio of DKG Development, after a competitive long-term lease process of the Municipality of Argyroupoli - Ellinikon.