GRIVALIA PROPERTIES Α.Ε.Ε.Α.Π.

Property disposal for €3.950.000

Eurobank Properties REIC concluded the sale of a property located in, 22 Ionos Dragoumi Street, Thessaloniki. The said asset is a whole building with basement, ground floor and three floors, with total surface of 1.166, 99sqm.
The price for the property was agreed at €3.950.000.
The market value, valuated on 31/12/09, was €3.709.851.
The realized profit from the sale of the above asset related to cost of acquisition is €3.364.618. From this amount the €3.124.469 have already been included in the financial results of the company as fair value gain during the holding period of the property and the amount of €240.149 will appear at the financial results of the first quarter of 2010.