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All Market News: Greek Real Estate Intelligence

Trastor REIC sold 3 gas stations for €1.965
Trastor REIC announced the sale of three gas stations located throughout Greece and more specifically, in the Municipality of Corfu, at Gouvies settlement in Corfu and in the Municipality of Zitsa, Ioannina The total sale price is €1,965,000. The Chief Executive Officer of Trastor, Mr. Tassos Kazinos said: "Part of our asset management strategy involves the continued review of our portfolio and the reassessment of its maturity characteristics, aiming at selective investments to maximize shareholder returns and to optimize our portfolio composition".
 
Briq Properties purchased office building in Pireaus
BriQ Properties announced the purchase of an independent office building with a ground floor store located at 3 Dimitriou Gounari Street in Piraeus. The building consists of a ground floor store, five office floors and underground storage spaces. It has a total area of ​​2,428 sq.m., of which the superstructure is 2,334 sq.m. The property is located in a key location, 250 meters from the coast of Poseidon and is fully leased to a company manufacturing and trading in shipping items. The price for the purchase amounted to €2,100,000 and the investment was financed by a loan. The CEO of BriQ Properties, Mrs. Anna Apostolidou, stated "we are very satisfied with our new investment in Piraeus. This property is in a prominent position in the port of Piraeus and offers good performance and potential for added value in the Company's portfolio." Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis
 
NBG sold NPL portfolio of 1.6 bn to Bain Capital
doValue will service the portfolio. The National Bank of Greece announced the completion of a transaction for the disposal of a non-performing, secured, corporate loan portfolio to Bain Capital for a total principal amount of 1.6 bn. The portfolio comprises mainly secured small business loans from more than 1,500 debtors. Morgan Stanley & Co. International plc acted as a financial advisor, Karatzas & Partners, and Milbank LLP as local and international external legal counsel respectively, and Deloitte Greece as transaction and accounting advisor to NBG. Meanwhile, as announced, doValue Greece will exclusively service the portfolio. Original Source: Capital.gr Adaptation/Summary: Kiki Athanasiadis