Piraeus Bank, Greece's largest lender, will hold its next batch of property auctions on November 20 and 21, it said in a statement.
The auction, to be held on its website properties4sale.gr, is part of efforts to reduce 26 billion euros sitting on its balance sheet as a result of the country's economic crisis. This is the highest chunk of bad loans held by Greece's systemic banks - that include National Bank, Eurobank and Alpha...
Real estate investment company Grivalia has purchased a three storey commercial property in Glyfada, south east Athens, for 5.08 million euros, the company said in a statement.
The property, located at 5 Grigoriou Lambrakis street, covers an area of 4,000 square meters of which 1,570 square meters is office space and a retail store, with the rest being parking and storage room.
Real estate investment company Intercontinental International (ICI) sold a second storey apartment in central Athens for 500,000 euros, booking a profit of 130,000 euros from the deal , it said in a statement.
The 194 square meter apartment is located on the corner of Vasilissis Sofias avenue and Marasli street, the company added.