Thursday, 16 October 2014

Investment on Real Estate

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Investment on Real Estate

Grivalia Properties, former Eurobank Properties, on October 15 unveiled investment plans worth 500 million Euro in Greece over the next three years.
Presenting its plans, during a new conference, George Chrysikos, Grivalia’s chief executive, said the investments will focus on commercial property, logistics units and state-owned properties due for exploitation, with the aim to raise the value of its asset portfolio to more than 1.3 billion euros in the coming years.
Mr. Chrysikos expressed his optimism over the course of the real estate development market in Greece and over the inflow of new capital from domestic and foreign sources. Fairfax is the largest shareholder in Grivalia with an equity stake of 41.5 percent. Eurobank holds a 20 percent equity stake.
(Source: amna.gr)

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