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retail-shopping-centers Market News: Greek Real Estate Intelligence

Mega Karouzos' property in Athens for sale on auction
A multi-storey building at a central point in Athens, opposite to the main train station comes out for sale for the first time. The property used to belong to Larissis Station Technical Commercial Investment of Real Estate SA (formerly Karouzos Station), one of the many companies that the businessman Yannis Karouzos and his ex-wife Rebecca Skaftoura had founded. With the bidding starting at €8,75 m the property is expected to attract the interest of prospective buyers due to its good location, and the satisfactory level of maintenance it presents, at least according to the external autopsy carried out at the beginning of this year. Original Source: The Toc  Adaptation/Summary: Kiki Athanasiadis
Trade Estates acquired Florida 1 commercial park for €35.9 m
The completion of the acquisition of the Florida 1 commercial park in Thessaloniki was announced by Trade Estates REIC. The commercial park was built in 2000 and it used to belong to Pradera. The property is in Thessaloniki and it covers an area of 132,000 sq.m., with commercial areas of 31,407 sq.m., leased 100% to twelve of the largest retail companies in Greece (Leroy Merlin, AB VASILOPOULOS, JUMBO, Kotsovolos, Moustakas, Jysk and others). The FLORIDA 1 commercial park together with the neighboring IKEA store, also owned by Trade Estates, create a commercial hub of 50,000 sq.m. Original Source: eRed.gr Adaptation/Summary: Kiki Athanasiadis
Techniki Olympiaki acquired building in Koropi
The three-storey store building was acquired through an auction, at €2.5 m. The building has a total area of 4,267 sqm on a plot of 4,570 sqm, and is located at the 2nd kilometer of Vari - Koropi Avenue. Techniki Olympiaki acquired last December 50% of Mount Street Hellas Holdco, marking its entry into the field of NPL servicing. Original Source: eRed.gr Adaptation/Summary: Kiki Athanasiadis