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land Market News: Greek Real Estate Intelligence

Prodea Investments acquired plots in Maroussi to develop green office complex
Prodea Investments announced the acquisition of five adjacent plots with a total area of 10,433.50 sq.m. (with an existing office / residential building 4,172 sq.m.), which are enclosed by Kifissias Avenue and Dionysos Street in Maroussi. The purpose of the acquisition is the development, after the demolition of the existing building, and the operation of a modern office complex with an environmental LEED Gold certification, which will consist of two autonomous and functionally independent buildings with a total area of over 17,000 sq.m. The total investment is expected to reach €35 m and will be financed by the raised funds of the green bond issued by PRODEA in July 2021. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis
 
HPPC sells land in Astakos for €1,652 m
The Hellenic Public Properties Company (HPPC) S.A. completed the sale of a property with a total area of 108 square km to ASTAKOS TERMINAL SA. The former public property is located at "Platygiali",  Astakos, and is adjacent to the Shipping Industrial Area. It consists of six plots of land and was sold for €1,652,000. Reportedly, a luxury yacht marina will be developed in the area, supported by shops, offices, hotels, as well as a luxury residential complex. The investment scheme involves major shareholders of Archirodon, A1 Yacht Trade, and an Arabian Gulf fund. Original Source: ered.gr Adaptation/Summary: Kiki Athanasiadis
 
TRASTOR REIC acquired a land plot in Aspropyrgos
Trastor REIC through its 100% subsidiary DORIDA SA, acquired a land plot of 16,013.50 sqm, located at Melissia area in Aspropyrgos, Attica. The land plot is adjacent to existing logistics properties of the Company. The price for the acquisition amounted to €800,000. The company recently acquired an adjacent land plot in Aspropyrgos, thus creating a single plot of 78,700 sqm. Reportedly the company plans to invest €5 m in the development of a new, state-of the-art logistics center, which will carry Leed certification for its low environmental footprint. The company will create a single logistics hub, with a total area of ​​31.3 thousand sqm. This new investment will frame Trastor's existing logistics infrastructure at the same area. In particular, the company had acquired storage facilities of 25,000 sq.m. on a plot of 62.7 acres in the same area. The cost had reached €9.5 m. The warehouse is leased by Seagull, a logistics service provider. At the beginning of July Trastor acquired another warehouse, with an area of ​​5,262 sq.m. on a plot of 11.3 thousand sqm, in the same area. The cost of this transaction had amounted to €2.32 m. The tenant of the property is also Seagull. Trastor has created a portfolio of logistics properties with a total area of ​​52,500 sqm., in ​​Aspropyrgos and in front of the shopping center in Thriasio. To date, it has invested almost €30m in logistics facilities. Original Source: Kathimerini.gr Adaptation//Summary: Kiki Athanasiadis