Eurobank Properties REIC announces that, in line with its investment strategy, it has completed the acquisition of part of the properties located in 8 and 10 Othonos Street, Syntagma Square. Specifically, the Company has acquired 1.314 sqm of offices spaces in the 2nd and 3rd floor and 451,5 sqm of auxiliary spaces in the abovementioned properties. The office spaces are leased by EFG Eurobank Ergasias and auxiliary spaces by Lamda Estate Development.
The acquisition price was € 6,573 million whereas the fair value determined by the Body of Sworn - In Valuers of Greece (SOE) is € 6,748 million. The passing yield of the investment is 7.75% annually.