Subject sale forms part of Noval Property’s strategy to divest specific real estate assets and complies with structuring the optimum real estate investment portfolio according to the prevailing real estate market trends.
The transaction amounted to EURO 1.10 million.
About Noval Property
Noval Property is the second largest Greek REIC. The investment property portfolio of Noval Property, which comprises 62 properties (1 through a participation in a real estate company) mostly in Greece and selectively in Bulgaria, includes office buildings, shopping centres, hospitality assets and warehouses of total built area of approx. 470.000 sq.m.. The fair value of the investment property and participations portfolio amounted to EUR 516 million as of 30.06.2023. Noval Property is a subsidiary of Viohalco in the real estate sector.
