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land Assets News: Greek Real Estate Intelligence

Cyprus: Fund of bank emplοyees buys plot in Nicosia for €1 m
After it purchased the building that formerly housed the Sun Tower DIY, on Strovolos Avenue, Limassol from Remu (Real Estate Management Unit of the Bank of Cyprus), the Provident Fund of The Cyprus Bank Employees proceeded with a new purchase by the APS of Hellenic Bank. Specifically, the Fund bought a commercial plot for €1 m next to the former Sun Tower, where a private hospital is going to be built. The property has a total area of ​​1,138 sqm with a facade of 58 meters and it is currently used as a parking lot together with an adjacent plot. Original Source: Philenews.com Adaptation/Summary: Kiki Athanasiadis
Ektasis development properties under special administration raise nearly €52 m
The special administration of Ektasis Development and the auction of the company’s 15 properties have raised nearly €52 m. The results coming from the initial bids confirmed that Kodak's property in Maroussi would attract the highest interest. The Brook Lane Capital-Noval consortium submitted the highest bid for the property with €28.6 m. Dimand followed with 25.2 m, and Mytilineos offered about €21 m for the same property. AB Vassilopoulos submitted the highest bids for two of the four properties it leases from Ektasis. More specifically, it submitted a bid of about €4.6 m for the property in Agios Dimitrios and about €1 m for the property in Vrilissia. The property in Agios Dimitrios includes a two-storey store of 1,527 sqm, while it has 59 parking spaces in the two basements as well as auxiliary/common areas of 635 sqm. The property occupies about half of the available plot and therefore more can be built in the remaining part of the plot, like a building of 1,686.51 sqm. For the store rented by AB Vassilopoulos in Heraklion, Crete, the bidder was a local company, and for the property of Kifissia, which is controlled by 20% by Ektasis and also hosts a store of AB Vassilopoulos, the bidder is reportedly Atlanta. Ten Brinke was declared the highest bidder for two properties with bids of €4 and €3.6 m respectively, while Unifarma pharmaceutical company placed the highest bid for the plot at the Kalyftaki junction, at €2.6 m. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis  
HRADF announced seven new real estate e-auctions
Among the properties for sale are an office building in Athens, the former magistrates' courts of Ilia and Achaia and the Xenia Kythnos thermal spring. More specifically, the following 7 properties are now available on the e-auction platform:
  • Nea Iraklitsa, Kavala: Seaside adjacent land plots in Alanes area
  • Sabariza, Ermioni, Argolida: Three neighbouring seaside land plots
  • Kythnos Xenia Hotel and Thermal Springs, Kythnos island, Cyclades
  • City centre, Athens, Attica: Five storey office building
  • City centre, Athens, Attica: 3rd floor apartment in multi storey corner building
  • Andritsena, Ileia: Former Magistrate Court
  • Klitoria, Achaia: Former Magistrate court
  Also for sale through the e-auction platform of HRADF are the following:
  • Parnassos Ski Centre Operation of F&B at Fterolaka 1850 and Vakchos 2250
  • Xenia Komotini, Rodopi: Hotel at Irini Square
  • Parnassos Ski Centre Operation of F&B at Kelaria 1750 and Kelaria 1950
The deadline for submission of the required documents and documents of the First Phase of the Tender is set for March 18, 2021. The interested parties can refer to the website www.e-publicrealestate.gr and the HRDH website for more information on the e-Auction process and information on real estate. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis