The property comprises 57 serviced apartments in a prime location.

The total price amounted to €77,246,650, corresponding to a premium of 15% on the initial committed investment of GEK TERNA in the project.

It is expected to play a decisive role in enhancing the competitiveness and extroversion of the Greek economy.

The long-term lease agreement for the property concerns the beach and its facilities as they are and are located (as is, where is) for 20 years with the right to extend for an additional 10 years.

The role of REICs is crucial if regulatory obstacles are removed, according to EPRA.