GREEK REAL ESTATE DEALS

WHAT IS BEING SOLD AND FOR HOW MUCH

November 11, 2019

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...

June 18, 2019

Piraeus Bank, Greece's largest lender, is scheduled to auction online a batch of 42 properties on July 9-10.

As part of plans to lower bad loans and sell off properties left on the bank's balance sheet, Piraeus Bank regularly sells real estate assets on its online auction platform (Properties4Sale.gr)

Starting prices for property to be auctioned ranges between 13,000 euros to 560,000 euros. The assets are located across Greece a...

December 10, 2018

Piraeus Bank, the country's largest lender, will auction off a batch of 26 properties on January 9-10  via its electronic platform properties4sale.gr.

The assets are tied to bad debt held by the lender that amount to nearly one in two loans sitting on its balance sheet.

Starting prices for the real estate will range from 20,000 euros to 900,000 euros and the properties will include apartments, offices, retail stores and property...

March 15, 2018

Intercontinental International (ICI) has purchased an office block in Marousi, northern Athens, for 7.5 million euros, it said in a statement.

The building is located on the corner of 18 Nikolaou Zekakou and Konstantinou Karamanli streets. It covers 3,589 square meters, is energy friendly and fully leased to a multi-national company. 

March 14, 2018

Pangaea has purchased a multi level building near Monastiraki station, central Athens, for 5.7 million euros, the company said in a statement.

Pangaea will invest an additional 1.3 million euros to refurbish the building, bringing the total investment to 7 million euros. 

"It is an exceptional property that Panagaea will transform into one of the most beautiful buildings on Ermou street and the historical and...

March 13, 2018

Real estate investment company Intercontinental International (ICI) has purchased a two level retail store in Kolonaki, central Athens, for 550,000 euros, it said in a statement.

The property is located at 7 Spefsipou street and covers a total area of 218 square meters

March 12, 2018

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.

The deal is likely to...

March 8, 2018

Real estate investment company Pangaea has purchased a corner retail property in Kolonaki, central Athens, for 3.75 million euros, the company said in a statement.

The property is located on the corner of Solonos and Kanaris streets, stretches over 1,086 square meters and is fully leased.

February 26, 2018

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.

February 23, 2018

Real estate company Trastor, majority owned by US investment fund Varde Partners, has approved the acquisition of a two level building in Chania, Crete for 1.3 million euros, it said  in a statement.

The building covers 2,907 square meters and is located on the corner of Skalidi & Manousogiannakidon streets in Chania. Trastor will buy the property from Piaraeus Bank.  

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© 2019 by The Greek Guru. 

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