Grivalia finances Piraeus project with 20 mln euro bond

property, Piraeus

Grivalia Properties, the real estate arm of Eurobank, plans to issue a corporate bond of up to 20 million euros to develop a key project in the port area of Piraeus.

The money will be used to reconstruct the warehouse facilities previously belonging to the Papastratois tobacco company into a modern office building of some 10,500 square meters and underground auxillary and parking spaces of about 4,600 square metres, Grivalia said in a statement Thursday.