The signing of a preliminary agreement with the Dimand A.E. Group for the acquisition of an independent property in which a biotechnology park will be developed was announced by PREMIA PROPERTIES.
The property is located at the 2nd km of Paiania-Markopoulou Avenue, inside Peania industrial park and has an area of 23 acres in which there are office and warehouse buildings of 4,180 sq.m. which will be reconstructed and reused, while new buildings with a total area of 16,000 sq.m. will be developed.
The tenant of the property and the operator of the park will be a joint venture of a Greek and American biotechnology company specializing in the field of cell therapies, after which a preliminary closed lease agreement for 20 years has been signed.
Thus, PREMIA PROPERTIES, implementing its strategy, with this agreement launches real estate investments in the field of Health. The biotechnology park that will be created inside the property, is a particularly important investment for the Greek economy, which stands out for its innovation and concerns the development, production and distribution, for the first time in Greece, of cell and gene therapies, which will cover a wide range of serious and life-threatening diseases.
The investment will last about 2 years. The annual rental income is projected to rise from the second quarter of 2022 to 1.5 million euros and gradually until the completion of the investment at the end of 2023 will reach 3.5 million euros.
Mr. Elias Georgiadis Chairman of the Board of PREMIA PROPERTIES stated: “2021 for PREMIA PROPERTIES was a period of intense activity and growth and is completed with another significant investment. The property in Peania is the eleventh property added to the portfolio of our company within the current year, thus certifying that PREMIA PROPERTIES is today the most dynamically growing real estate company in Greece and being another step towards achieving our strategic goal for € 1 billion value of real estate portfolio within the next five years.”
Mr. Konstantinos Markazos, CEO of PREMIA PROPERTIES stated: “PREMIA PROPERTIES, after the serviced apartments, enters in 2021 in another field of activity, which presents significant growth prospects, that of health. The new investment is expected to contribute to the further enhancement of the quality and the diversification of the real estate portfolio as well as to the strengthening of the fundamental sizes of our company. The real estate market in Peania is fully in line with our ambitious investment plan, which we will continue to implement consistently.”
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
EFKA to Launch Digital Personal Portfolio for Insured Citizens by End of 2025
This way, insured individuals can quickly determine their coverage period, any debts, and whether they have valid insurance coverage.
BofA: Greek Banks Becoming More Appealing
Bank of America (BofA) recently increased its target prices for several Greek banks, with the target price for Eurobank raised to €2.84 from €2.76.
Internet Users in Greece Rise Exponentially, Survey Suggests
Those between the ages of 65 and 74 have shown a high rate of digital engagement, with daily usage over the past five years increasing by 61%.
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
