The bids came in slow and on the last day of the auction the highest bid was accepted.
ECE will continue to be responsible for the management of the center.
The fund has already secured exclusivity on two separate deals in the living and office sectors.
Greek banks posted elevated after-tax losses in 2021, amounting to €4.8 billion.
Net profit after taxes and minority interests, rose to €67 million.
Gecsat reported € 6.6 million revenues in 2020.
Fluent Daily Newsfor Real Estate Market
2025 ANNUAL EDITIONGreek CRE at a glanceA change of scaleTOURISM: Expansion, Delays, and Strategic Moves HOUSING: International investors in the Greek market OFFICE: Partnering for success RETAIL: …