Europbank prepares for sale a portfolio of privately owned and recovered real estate in an effort to reduce the volume of real estate held in its books.
The portfolio will consist of much small-value real estate (offices, shops, small industries and residential properties) with a current market value of over €50 m. The size has not yet been finalized as some of the more valuable assets may also be included to make the portfolio more attractive.
The tender is expected to start in March and it be completed within the year.
After the acquisition of Grivalia, the property management of the Eurobank group has been taken over by Grivalia Management Co. Grivalia Management is actively managing sales and purchases of new properties.
Original Source: Euro2day
Adaptation/Translation: Kiki Athanasiadis