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  • Transaction / Assets
  • Seller
    Greek Systemic Banks
  • Buyer
  • € MM

Ektasis development properties under special administration raise nearly €52 m

The special administration of Ektasis Development and the auction of the company’s 15 properties have raised nearly €52 m.

The results coming from the initial bids confirmed that Kodak’s property in Maroussi would attract the highest interest. The Brook Lane Capital-Noval consortium submitted the highest bid for the property with €28.6 m. Dimand followed with 25.2 m, and Mytilineos offered about €21 m for the same property.

AB Vassilopoulos submitted the highest bids for two of the four properties it leases from Ektasis. More specifically, it submitted a bid of about €4.6 m for the property in Agios Dimitrios and about €1 m for the property in Vrilissia. The property in Agios Dimitrios includes a two-storey store of 1,527 sqm, while it has 59 parking spaces in the two basements as well as auxiliary/common areas of 635 sqm. The property occupies about half of the available plot and therefore more can be built in the remaining part of the plot, like a building of 1,686.51 sqm.

For the store rented by AB Vassilopoulos in Heraklion, Crete, the bidder was a local company, and for the property of Kifissia, which is controlled by 20% by Ektasis and also hosts a store of AB Vassilopoulos, the bidder is reportedly Atlanta.

Ten Brinke was declared the highest bidder for two properties with bids of €4 and €3.6 m respectively, while Unifarma pharmaceutical company placed the highest bid for the plot at the Kalyftaki junction, at €2.6 m.

Original Source: Euro2day.gr

Adaptation/Summary: Kiki Athanasiadis


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