Prodea in 2020 announced the strategic collaboration with Invel Real Estate and YODA Group of Mr. Ioannis Papalekas, in the hospitality sector. MHV will be the investment arm of the Group in the hospitality and tourism sector in Greece, Cyprus and the wider Mediterranean region, and already, as Prodea recently announced,

The sale price of this portfolio reflects the current dynamics of the Greek real estate market for properties with significant investment characteristics .

The property is fully leased to a well-known retail chain.

The Group’s revenue in the year ended 31.12.2019 amounted to €175.1million vs €121.4million in 2018.

Noval Property was formed as a Real Estate Investment Company (REIC) on 15th October 2019.

The REIC offered the amount of €17,100,000 and was announced the preferred bidder.

The property is a 3* hotel and consists of 79rooms withtotal surfaceof 3,888sqm.

Trastor said its asset portrfolio included 58 commercial property assets with a fair value of 200.71 million euros.

The Ordinary General Meeting of the Company's shareholders, convened on 13th April 2020.

The property is a modern office building with total surface area of 3,716 sq.m.