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industrial Assets News: Greek Real Estate Intelligence

Cyprus: APS seals deals for the sale of 5 properties
APS Cyprus, the debt acquiring company who manages the Real Estate properties of Hellenic Bank has reached deals with buyers for the sale of multiple properties. More specifically, APS in Cyprus sold an office building with retail shop spaces in its ground floor, in ​​Agios Nikolaos, Larnaca. It is a five-storey building with covered areas of 765 sq.m. and uncovered spaces of 60 sq.m. and it was sold for more than €2 m. The multi-storey building was built in 2008 and consists of a store on the ground floor (133 sq.m. and a mezzanine of 79 sq.m.) and six floors of office spaces. The basement, about 295 sq.m. is leased to the Civil Defense. APS has also reached a deal for the sale of the commercial property known as the Iacovides Tower, which is located in a privileged location, in the center of Nicosia. The building, for which an agreement has been secured with an investor, is located on Griva Digeni Avenue. It is mainly an office space with covered areas of 7,300 sq.m., which consists of six floors and two basements of 2,800 sq.m. used as parking lots. The ground floor is 960 sq.m. used as a restaurant and wedding venue, with supportive uses on the mezzanine floor of 455 sq.m. The other six floors consist of office space currently rented in large corporate / government departments. On top of that, APS has reached an agreement for the sale of a showroom, in the industrial area of ​​Latsia, at the entrance of Nicosia. This is a property with a total covered area of ​​3,984 sq.m. on a plot of 2,772 sq.m. Specifically, the basement has an area of ​​1,920 sq.m., while the ground floor and the first floor of the building occupy 2,064 sq.m. The basement consists of a large open-air laboratory, repair room, offices, reception, storage areas and staff kitchen. On the ground floor and the first floor there is an open space consisting of a customer service area, a showroom, a reception, offices, a meeting room and other facilities. The building is leased. APS has also reached an agreements for the sale of a commercial building in Limassol: The building is located in the area of ​​Katholiki. APS has has accepted an offer. Until recently the builging's reserved price was €2.2 m. It is a three-storey building, which is currently used as office space and has been renovated in 2016. The property has covered areas of 775 sq.m. and it is located about 2 km south of the Limassol - Paphos highway and about 1.8 km from the Limassol Marina and the old port. The building is currently leased to four different companies. Lastly, there has been an agreement with a buyer for a building and storage space in Agios Athanasios. It is a building on land of 8,482 sq.m. and covered areas 8,360 sq.m. and warehouse on land 1,508 sq.m. and covered areas 756 sq.m. The two properties are located in the Industrial Area of ​​Agios Athanasios and are leased by the state. Original Sources: reporter.com.cy and philenews.com  Adaptation/Summary: Kiki Athanasiadis
BriQ Properties purchased 80% of Sarmed Warehouses
BriQ Properties REIC announced the acquisition of 80% of the share capital of SARMED WAREHOUSES S.A. Ioannis Sarantitis keeps his position as the Board Of Directors, Member  and shareholder,  and owns the remaining 20% of the share capital. SARMED  WAREHOUSES  S.A. owns  two land plots,  with a total area of 131.232,40 sqm on which buildings with a total area of 58.641,60 sqm with storage and industrial uses,  office space and ancillary spaces are established. The price for the acquisition amounted to €23,6 m. The    logistics complex is located  in a  privileged  position, within the Industrial Park of Mandra, in  the  position "Trypio Lithari" and has an excellent visibility from Attiki Odos with a facade length of about 700 m. The properties are fully leased for 10 years, until 14.12.2030, to SARMED LOGISTICS S.A. With  this investment, Briq Properties owns a significant portfolio of logistics properties totaling 110.000 sqm, located in Aspropyrgos, in Agios Ioannis Renti and in Acharnes, Attica, taking also into account its new logistics center which is under construction  in Aspropyrgos. Furthermore, Briq properties is set to complete within the next 12 months the investment of the 100% of the raised funds from its share capital increase that took place in December 2019. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis
Ten Brinke purchases Logistics center in Thessaloniki
Despite the pandemic, investment deals in logistics centers are still taking place, among others due to the privatization of Greece's two major ports. Earlier this month, the Dutch company Ten Brinke completed the acquisition of the company Delta 4 which is based in Thessaloniki. Delta 4 does distribution, transit and handling of goods. The company has a building of fire protection specifications Z3, area 22,500 sq.m., with modern office spaces of 1,500 sq.m., located at the entrance of the Industrial Area of ​​Sindos. This is one of the largest such facilities at the port of Thessaloniki. Following the privatization of the port of Thessaloniki, the growth prospects of DELTA 4 appear stronger. "Seagull" has taken over the management of the company since early November. Original Source: Capital.gr Adaptation/Summary: Kiki Athanasiadis