Alpha Bank completes major real estate portfolio sale

10:56 27/12/2024 - Πηγή: iEfimerida

Alpha Bank has finalized the sale of its 65% stake in Skyline, concluding one of the largest real estate transactions in Greece in recent years.

The deal, valued at €300 million, involves a diverse portfolio of approximately 460 properties, including office buildings, commercial spaces, residences,

and industrial facilities.

The buyer, P&E Investments, is a real estate investment company controlled by Dimand S.A., Premia Properties S.A., and the European Bank for Reconstruction and Development (EBRD). The portfolio was initially valued at €400 million but was reduced following the exclusion and sale of certain assets.

The properties will either be renovated and leased or sold directly on the market.

The sale significantly reduces Alpha Bank's inventory of repossessed assets, leaving it with one of the lowest levels among Greek banks.

As part of the agreement, Alpha Bank's listed property management company, Alpha Real Estate Services (ARES), will provide property and facilities management services to Skyline for seven years.

This transaction marks a significant step for Alpha Bank in optimizing its asset portfolio and reducing non-core holdings. It also reflects the growing activity in the Greek real estate market and the increasing interest from international investors.

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Keywords
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Τυχαία Θέματα
κοινωνια, ects, ος τα χριστουγεννα, εκμεταλλευση, jurassic park
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