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(Visited 126 times, 1 visits today)
  • Transaction / Assets
    25% of the Allatini Mills in Thessaloniki
  • Seller
  • Buyer
    Fais Group
  • € MM

Thessaloniki: 50% of the Allatini Mills complex granted to the Fais Group

25 % of the historic complex Allatini in the area of Sofouli in Thessaloniki was granted to the company All Property Investments Single Member PC of the Fais Group, with just EUR 1 above the starting price set at €1.508,000.

The second auction for the 50% is scheduled for November 16th, and the auction will start at €3,204,500. The remaining 25 % is also owned by the Fais Group, which means that it now owns 50 %.

The Fais Group has had a significant presence in Thessaloniki in recent years with the shopping center One Salonica, as well as the acquisition of 55 % of the historic Modiano Market, which will open soon.

However, market players have expressed doubts in the past about whether the historic complex can be exploited in immediate time, due to urban constraints and the current juncture in which construction costs have exploded.

Original Source: Voria.gr

Adaptation/Summary: Kiki Athanasiadis