Investments
Frontier also constitutes a unique transaction in Greece from a capital perspective adding c.1.5ppts to NBG's capital ratios.
The United States, Canada, Europe, and Asia Pacific are all represented among the investors in the Fund.
The projects refers to the construction of three residential towers, a shopping center and green spaces.
Hammerson and CPPIB have agreed to sell the shopping centre to entities affiliated with Henderson Park and Eurofund.
The transaction is capital accretive for NBG and is expected to increase the proforma CET1 and Total Capital Ratio of the Bank by c.60bps as of 30.09.2021.