Specifically, on February 2, the company accepted an offer from NELLENCO S.M.S.A., a subsidiary of TEN Brinke Hellas.
The two plots are located in the “A-P2” Urban Development Zone and have a combined maximum allowable buildable area of approximately 15,700 square meters. Specifically, Plot OT A-P2 17 covers approximately 13,249 sqm, and Plot OT A-P2 18 covers approximately 7,648.21 sqm. The total consideration for the transaction amounts to approximately €41.5 million, corresponding to an average price of €2,650 per square meter of buildable area.
This marks TEN Brinke’s second investment in the Ellinikon area, following the acquisition of plots in the “A-P3” Urban Development Zone (near the Commercial Hub and The Ellinikon Mall) about two years ago, where the average price reached €2,100 per square meter of buildable area.
According to the company’s announcement, the completion of the transaction remains subject to the execution and signing of the relevant contractual documents.
