1.Standalone office building,of a total area of 8,641.76 sq.m., located on 1, Mesogeion Ave. and 118, Vas. Sofias Ave. in Athens
2.Standalone office building, of a total area of 12,443.46 sq.m., located on 74-76,Piraeus Ave. in Moschato
3.Hortizontal properties used as offices, of a total area of 5,501.00 sq.m., located within a multi-storey building on 68, Akadimias str., Char. Trikoupi str. and Zoodochou Pigis str. in Athens
4.Retail, office floors and parking/storage spaces, of a total area of10,293.42 sq.m., located within a multi-storey building on178,Kifissias Ave. & Agisilaou str. in Chalandri.
The total consideration for the sale of the properties amounted to €93.0 mn, whilethefairvalueasof30.06.2019, based on a valuation performed by independent valuers, amounted to €73.9 mn.
The CEOofProdea, Mr. Aris Karytinos, stated:
“The sale price of this portfolio reflects the current dynamics of the Greek real estate market for properties with significant investment characteristics similar to of Prodea’s real estate portfolio(investment grade properties).
Our company continues its investment program,aiming at its further development, while at the same time, it evaluates when it is the right time to dispose existing properties in order to achieve the optimum performance for its shareholders.”
