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alternative Assets News: Greek Real Estate Intelligence

Motor Oil to acquire wind farms of 240 MW
Motor Oil announced an agreement for the acquisition of a portfolio of 11 + 1 wind farms 220 + 20MW as well as licenses for another 650 MW, taking a decisive step towards its goal of acquiring a RES portfolio of more than 300 MW. The company Teforto Holdings Ltd, of the Motor Oil group interests, was the preferred investor in the tender, announced by Fortress. Motor Oil's offer estimates the total enterprise value of the parks at approximately €425 m. The portfolio includes 11 parks with a capacity of 220 MW. Two of them, in Fokida and Viotia, started operating in in 2019. The construction of another park is in progress. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis
 
GEK TERNA to rebuild earthquake-hit school in Damasi, central Greece
GEK TERNA, the construction company which builds the E65 highway, has agreed to build as part of its CSR policy, the school in Damasi, Tynavos which was hit by the severe 6 R earthquake last week and suffered damages beyond repair. The PM himself contacted the CEO of the company and asked him to take over the construction of the new school. According to government spokeswoman Aristotelia Peloni, the company has agreed that the school will be ready for the new school year. Original Source: kathimerini.gr Adaptation-Summary: Kiki Athanasiadis
 
Trastor REIC sold 3 gas stations for €1.965
Trastor REIC announced the sale of three gas stations located throughout Greece and more specifically, in the Municipality of Corfu, at Gouvies settlement in Corfu and in the Municipality of Zitsa, Ioannina The total sale price is €1,965,000. The Chief Executive Officer of Trastor, Mr. Tassos Kazinos said: "Part of our asset management strategy involves the continued review of our portfolio and the reassessment of its maturity characteristics, aiming at selective investments to maximize shareholder returns and to optimize our portfolio composition".