The total investment will be in the region of €35m and will be funded by the proceeds of the green bond that PRODEA issued in July 2021.

The bid offered for this property was €2,351,000.

The company has five hotels in its portfolio

The purpose of the issuance is the repayment of existing loan obligations.

The Retail Park is located at 54 Piraeus Street, in Neo Faliro and covers an area of 14,895 sq.m.

The company had acquired 80% of the building in Maroussi in 2018.

The total annual revenue is expected to amount to €640K with 20-year period lease contracts.

The Bond Loan will be fully covered by Eurobank S.A.

A preliminary lease agreement for 20 years closed period has been signed.