The total net proceeds of the issue, based on the maximum sale price, amount to approximately €43.506 million. Together with the €10.5 million from the conversion of the EBRD bond loan, a total of approximately €50 million will be raised.
As stated during yesterday's meeting with the journalists, on the occasion of the public registration, the managing director of the company P. Kapetanakos, this amount together with the €75 million available in the company's fund - a total of €125 million - was deemed sufficient for to finance the investments planned until 2025.
The company's investment plan, which is estimated at €340 million, includes the development of existing properties and the direct or indirect (through participation in other companies and/or the acquisition of other companies) acquisition and/or development of new properties.
Of these, the warehouse building in Mandra has already been completed and handed over to its tenant, while in 2024 the office building at 16 Heimarras Street and the building with offices and residences in Mets, in which the top floor has already been leased to a high-ranking executive, will be handed over in 2024. from the field of technology.
At the end of 2025, the office complex will be ready at the former "Kodak" property at 10-12 Heimarras Street (50%-50% investment with Brook Lane Capital) in which 2 of the 4 have already been leased office buildings in a polythene, with announcements expected in June
Regarding the major renovation of the group's former industrial buildings on Piraeus Street, the master plan and concept design of which has been made by the office of Foster & Partners, which will include professional uses, residences, places of culture and leisure, hospitality, etc. ., the managing director of Noval stated that the licensing is completed this year and the implementation of the project will begin next year.
