Infoquest Group’s Briq Properties REIC invested 6.76m euros to boost its real estate investment portfolio. The most significant acquisition of the two is that of an office building that has commercial stores at the ground floor.
The building is located in the heart of Athens, on 67 Aeolou Street and the price for it (total built area 2,854 sq.m.) amounted to EUR 6.5 million. The property extends over seven floors, was fully renovated in 2009, and is 100% leased. According to Anna Apostolidou, CEO of the company, “We are looking for investment opportunities and real estate located in the historic center of Athens, which is dynamically upgrading, while at the same time undergoing a major redevelopment, both by the Municipality of Athens and by institutional and private investors”. This is the most expensive building acquisition to date for Briq Properties and is an example of the management’s intentions, which plans to double the portfolio of the company in the near future.
In addition to the office building on Aeolou str, the company also announced the acquisition of a 518.4 sq.m. land plot at the “Agios Georgios” location on Paros island. The plot is adjacent to the Briq Properties Hotel Mr & Mrs White Paros, and is currently used to cover the car parking needs of the hotel. The cost of acquiring the land amounted to 260,000 euros.
Original Story: Kathimerini