A happy ending for four HRDH competitions

The real estate investment firm is expanding its presence on the island.

Lamda Development S.A. announced a pivotal agreement with Piraeus Bank S.A., the first since the transfer of Hellinikon S.A. shares from the Greek state to Lamda Development.

The price for the acquisition of 80% of the company's shares amounted to € 23,6 million.

With this acquisition the Company currently owns the entire 2nd, 3rd, 4th, and 5th floors.

The areas are part of a standalone office building that was acquired from the Company in November 2018.

The total reduction on Group's revenues of 2020 from rents due to the Covid-19 pandemic amounted to € 954.000.

The total proceeds of the transaction exceed €12M.

Parklane, a Luxury Collection Resort & Spa Limassol is the only luxury internationally branded resort in Cyprus.

Trastor REIC announced that on 19.04.2021 signed a binding notarial preliminary agreement for the sale of a multi-storey professional complex with a total area of 4,003.58 sq.m. located at 278 Kifissias Ave in Chalandri, Attica for a total consideration of €5,050,000.