Eurobank Properties REIC, concluded the sale of a property located in the region of Kallithea. The said building is of mixed use consisting of a retail store, a gas station in the ground floor, five office levels and two basements of parking spaces, located in 2, El.Venizelou Αvenue, Kallithea.
The price for the property was agreed to euro 9.900.000. The fair value estimated by the Body of Sworn-In Valuers of Greece (SOE) as of 31-12-2008 was euro 9.858.802.
The property was acquired in 1999 and since then has been included in the Company's portfolio. The realized profit from the sale of the property is euro 5.455.917,82 which has already been recognized in the financial results of the Company as fair value gain during the holding period of the property.
The sale of the property is in line with the strategy of Eurobank Properties REIC to actively manage its portfolio in order to create value for the Company's shareholders