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Transaction / Assets 4 Hypermarkets, two in Athens, two in ThessalonikiSeller naBuyer Eurobank€ MM 117.06
Eurobank acquired 4 hypermarkets at €117,06 m
Eurobank announced the acquisition of four properties, two hypermarkets in Athens and two in Thessaloniki, following a binding notarial agreement signed and announced a year ago by Grivalia Properties REIC.
The properties have a total area of approximately 90,000 sqm and consist of main and underground auxiliary spaces. They are fully leased to the Sklavenitis Group.
The price of the acquisition is €117.06 m, and, under the agreement, an additional payment of €2.1 m will be paid after a specific deadline and subject to specific conditions. The return on investment is close to 9%.
Following its merger with Grivalia Properties, Eurobank owns over €2.1 bn worth of real estate portfolio and aims to optimally manage and develop it, obtaining the required expertise and experience through partnership with Grivalia Management.
Original Source: Capital
Adaptation/Translation: Kiki Athanasiadis