SOLD-Pangaea buys Monastiraki building for 5.7 mln euros

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 commercial districts of central Athens," said Aristotelis Karytinos, Pangeae chief executive.

"The size of the building is such that it will allow for a variety of uses and we expect strong interest in leasing it."