The criteria that will determine the final winner is first of all the price for the portfolio, which should exceed € 450 million, the duration of the management contract, which apparently ranges from five to seven years, while the core factor is the evaluation of the cooperation between the prospective investor and the bank. (loan)
The portfolio comprises 573 recovered and privately owned properties of the group and as it has become known so far, binding offers have been submitted by Invel-Prodea, Brook Lane-Bain and Dimand-HIG-Premia.
In further detail the portfolio comprises:
50 prime properties, with a total estimated value of approximately € 280 million.
320 properties with a total estimated value of approximately € 180 million, which need renovation / upgrade work in order to be repositioned on the market with the same or another use.
205 apartments, worth approximately € 75 million, which are available for sale.
The portfolio will be managed by Alpha Astika Akinita, which recently announced the integration of Alpha Real Estate Management and Investments's real estate management activity, as part of its overall transformation process.
According to the latest plan, Alpha Urban Real Estate will sell its real estate portfolio to the special vehicle (SPV) of the Skyline transaction, the majority stake of which will be transferred to the preferred investor.
