Ektasis Development offloads its real estate portfolio
Ektasis Development offloads its real estate portfolio

Ektasis Development offloads its real estate portfolio

Among the properties on sale is a land plot of 17.000sqm which includes the "decayed" Kodak premises in Maroussi suburb.
RE+D magazine
12.02.2021

Ektasis Development properties were disposed of through a tender process that has attracted the interest of the majority of the Greek REICs.

The tender's deadline for binding bids submission was reached yesterday.

The process for the company's 50 properties was normally deployed and the offers are expected to be unveiled on February 17, 2021.

However -and according to sources familiar- there is a possibility for the procedure to "freeze" and wait until the expiration of the restrictive measures based on Government Gazette 534 / Β / 10-2-2021, of the new lockdown.

Among the properties on sale is a land plot of 17.000sqm which includes the "decayed" Kodak in Maroussi suburb.

This was the one that attracted interest of both Prodea Investments with Dimand as an "ally" and the other big REICs.

Biochalco group's Noval with Brooklane investment firm. Mytilineos Group and the Dutch TEN Brinke have also expressed interest.