Piraeus bank and Resolute reached an agreement for the firm to provide real estate services in Greece.
According to a relevant announcement, in this context, Piraeus Real Estate Management Sole Proprietorship (“PREM”) was acquired by Resolute Hellas Sole Proprietorship S.A. (“Resolute Hellas”).
The agreement concerns the provision of property management and valuation services, as well as the management of assets and owner-occupied and non-main properties of Piraeus in Greece.
The transaction
As stated in the announcement, Piraeus Bank will receive modern property management services and access to Resolute’s extensive experience and expertise. Resolute Hellas will leverage the specialized know-how of the parent company, as well as its subsidiaries specializing in the real estate management sectors, including the market-leading technology provided by its subsidiary, Recognite, and the advanced real estate services of REInvest Greece.
For the Bank, this transaction is part of its strategy for further cost savings and targeted utilization of assets, resulting in cost savings of over €5 million per year.
Resolute Hellas is a 100% subsidiary of the Resolute Group. Resolute intends to fully integrate PREM’s activities and employees into its Greek operations, with the aim of further consolidating its leading position in the Greek real estate, asset management and advisory services market. The transaction continues Resolute’s existing long-term relationship with the Piraeus Bank Group, including the management of the Group’s non-core real estate portfolio in Bulgaria.
UBS Europe SE acted as Piraeus Bank’s financial advisor and Zeya Law Firm as legal advisor. KPMG acted as financial advisor to Resolute and KG Law Firm acted as legal advisor.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity
Ongoing earthquakes rattle Greece's Cycladic islands, but experts believe activity may be slowing.
Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report
The areas directly affected by the tremors account for approximately 4% of both the country's annual tourism revenues and the total annual turnover in the accommodation and food service sectors
Greek Trade Deficit Surges to €34.6 Billion in 2024 Amid Export Decline
Conversely, numbers indicate that exports declined, totaling to 49.90 billion euros in 2024, down from 51.02 billion euros in 2023 marking a 2.2% decrease.
Culture Ministry Takes Action to Protect Santorini’s Antiquities
So far, no damage has been reported to the island’s cultural heritage, with exhibits already safeguarded. Meanwhile, the Greek Ministry of Culture held an emergency meeting on February 6.
![Ηλεκτρική ενέργεια: Αυξήσεις στα τιμολόγια Μαρτίου δείχνει το ράλι του φυσικού αερίου [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_679399249-90x90.jpg)
![Αεροδρόμια: Οι πιο δημοφιλείς προορισμοί για τους ξένους τουρίστες [γράφημα]](https://www.ot.gr/wp-content/uploads/2023/05/el.venizelos_aerodromio_680562846-1-90x90.jpg)
![Ηλεκτρική ενέργεια: Αυξήσεις στα τιμολόγια Μαρτίου δείχνει το ράλι του φυσικού αερίου [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_679399249-600x400.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
