The demolition contract valued at €177,000 (including VAT) was signed by the Mayor of Chania, P. Simandirakis.

Significant cultural enhancement project signed by the Peloponnese Region

The asset was sold for a net amount of €3.02 million, after brokerage fees.

The final sale price exceeded the starting bid by 79%..

The building within the Arsakeio complex spans a total area of 8,032.03 square meters and stands as one of the most significant examples of 19th-century public architecture in Greece.

This development marks a significant milestone in IWG's rapid expansion, which reported record revenue, cash flows, and profits in the first half of 2024.