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(Visited 45 times, 1 visits today)
  • Transaction / Assets
    Two warehouses in Aspropyrgos, two office buildings
  • Seller
    na
  • Buyer
    PRODEA
  • € MM
    43.3

PRODEA implemented its first investments using the raised funds of its green bond

More specifically, Prodea acquired 51% (they already owned 49%) of the company Panterra Development and Real Estate, which develops an office building complex on Syggrou Avenue, Lagoumitzis and Evridamantos Streets in Athens. For the construction Panterra adopted the most current international sustainability practices, aiming at the LEED, Gold level certification. Prodea collaborated with Dimand for the development of the band.

The complex consists of two autonomous office buildings. The construction is expected to take place in December 2021 (building A) and in May 2022 (building B). The total area will amount to 30.9 thousand sqm.

Panterra has signed a notarial preliminary agreement to sell building A to Generali Hellas at a price of €34.8 m.

In the logistics sector, the Company completed the acquisition of New Metal Expert, which owns a complex of two commercial warehouses in Aspropyrgos, Attica. The warehouses newly built and they are used as Storage and Distribution Centers. They meet the modern logistics standards, incorporating energy efficient features more than the minimum regulatory requirements. The total area of the warehouse, including the extension of a total area of ​​1,629 sqm, which is estimated to be delivered in November 2021, amounts to 23.8 thousand sqm and are leased to a trusted tenant.

The price for the acquisition amounted to € 12.5 million.

Lastly, PRODEA proceeded to the total repayment of a bond loan of €56 m regarding the green KARELA office building in Peania, which has been developed in accordance with the principles of sustainable development and is LEED Gold certified.

Original Source: Capital.gr

Adaptation/Summary: Kiki Athanasiadis

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