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(Visited 18 times, 1 visits today)
  • Transaction / Assets
    Former Kodak property in Maroussi, Attica
  • Seller
  • Buyer
    Noval Property REIC
  • € MM

Noval Property acquired the former Kodak property

Noval Property announced that through the company The Grid SA, which is owned half by Noval Property and half by Brook Lane Capital, acquired through a bidding process a plot of land of approximately 16 sq km, on the former Kodak property, in Maroussi.

A modern complex of green office buildings with a total built-up area of approximately 49,000 sq.m. is to be developed on this plot which will adopt the principles of sustainable development and bioclimatic design and is expected to receive LEED certification.

The transaction price amounted to €28.6 m and was financed through a combination of bank loans and equity.

The financing funds, according to the part corresponding to Noval Property, for the construction of the project will be raised from the Green Common Bond Loan of Noval Property, which was admitted for trading on December 7, 2021 in the Fixed Income Class of the Regulated Buying Market.

Original Source: Capital.gr

Adaptation/Summary: Kiki Athanasiadis

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