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real-estate-news Market News: Greek Real Estate Intelligence

Thessaloniki: The Papageorgiou family acquired a commercial property in Tsimiski
An important deal in the real estate market of Thessaloniki was completed, with the purchase by the Papageorgiou family of a store at 75 Tsimiski street. The property is located at the most commercial part of Tsimiski Street and it was acquired by TEKTON AKEDA, a company of interests of the Papageorgiou family based in Siatista, which manages real estate. The Tsimiski deal was closed at a 7-figure price, as the property has a large ground floor, 240 sq.m., a basement of around 260 sq.m., and a loft of about 75 sq.m. Original Source: GRtimes.gr Adaptation/Summary: Kiki Athanasiadis
 
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