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offices Market News: Greek Real Estate Intelligence

Noval Property acquired an office building on Kifissias Avenue
Noval Property announced that it has acquired, after a tender process, an office building at 199 Kifisias Avenue in Marousi, formerly owned by HELLENiQ ENERGY Holdings S.A. The specific building, with a total built-up area of 6,636 m2, will be reconstructed into a modern, green, and smart office building, which will incorporate the principles of bioclimatic design and aim for LEED certification. This redesign of the building is part of Noval Property's pursuit of utilizing old building stock and turning it into a modern, green, and bioclimatic one, thus confirming its commitment to invest in projects that contribute to sustainable development. The value of the transaction amounted to EUR 10.96 million and was financed by Noval Property's Green Bond. Noval Property continues to steadily and consistently invest in office buildings, urban regeneration, logistics and residences with quality and green features, with the aim of creating value for its shareholders. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis
Trastor REIC sold offices in Chalandri
Trastor REIC announced the sale of a property at about 60% above the price it had acquired it four years ago. The property  is an independent four-storey office and shop building in Chalandri at 194 Kifisias Avenue, with a total area of ​​1,588.20 sq.m. The property was acquired in 2018 for €1,600,000, and has now been sold for a total price of €2,650,000. It is the third property that Trastor sells within a month after the sale of the building that housed the offices of ARCHIRODON in Chalandri, and a store in the center of Piraeus. Original Source: eRed.gr Adaptation/Summary: Kiki Athanasiadis
Trastor REIC sold office building in Attica
Trastor REIC sold an office building in Agia Paraskevi, Attica, on 3 Agios Andreas Street, with a total area of 3,472.70 sq.m., for a total price of €2,7 m. The sale is part of the company's strategic divestment from specific properties, securing primarily significant capital gains for its shareholders, and is in line with the formation of the optimal real estate investment portfolio according to the real estate market trends. Original Source: Capital.gr Adaptation/Summary: Kiki Athanasiadis