(Visited 78 times, 1 visits today)
(Visited 78 times, 1 visits today)
  • Transaction / Assets
    Office building in Chalandri, Attica
  • Seller
    na
  • Buyer
    Intercontinental International
  • € MM
    12.05

Intercontinental International acquired an office complex

ICI REIC completed the acquisition of an office building in Chalandri at the price of €12.05 m and proceeded to a partial lease of the property to GlaxoSmithKline.

For the acquisition of the building, which is located at 266 Kifissias Street, in Chalandri and has an area of 3,180.32 sq.m., and for its partial lease to the company GlaxoSmithKline, Intercontinental International participated in a private tender, last October. The announcement was made on March 3, 2021, and the acquisition and partial lease of the property was completed on June 3. The amount was paid in full and it was partly financed by funds raised from a private placement under a bond loan covered by Eurobank, and partly in cash, after another profitable year for ICI. With the addition of this landmark property, ICI’s portfolio increases its value by 12.6% to €107.51 m and is enhanced in quality, as it is one of the few special office buildings in Greece.

Original Source: Euro2day.gr

Adaptation/Summary: Kiki Athanasiadis