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  • Transaction / Assets
    18 properties
  • Seller
    Prodea Investments
  • Buyer
  • € MM

Prodea: Sale of real estate portfolio worth €134.2 m

PRODEA Investments sold a portfolio of 18 properties, offices and stores in Greece. The total sale price amounted to €134.2 m, while the fair value, based on an estimate made by independent appraisers, amounted to €129.2 m.

Prodea CEO Aris Karytinos said: “The price tag for this portfolio shows that, despite the temporary, we believe, difficulties posed by the pandemic, properties with significant investment characteristics such as those in the Prodea portfolio remain of undiminished interest. Prodea is working with the acquiring company on an expanded strategic cooperation framework, the terms of which have not yet been finalized, with the aim of further promoting our business aspirations”.

Original Source: naftemporiki.gr

Adaptation/Summary: Kiki Athanasiadis

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