Grivalia Properties buys commercial property for 14.36 mln euros

Grivalia Properties on Friday said it was the highest bidder in a tender to buy the remaining 50 pct of a real estate property located in Syggrou Avenue 340, Kallithea.

The company said the price to buy the property was 14.36 million euros. The property is a modern building suitable for offices and shops, covering a total space of around 31,100 square metres, along with 400 parking slots. The property is partly leased to a multinational chain of electrical and electronics and to a media company.

Grivalia Properties had purchased a 50 pct of the property in early 2017.