Centric announced that its 100% subsidiary, Grandbay Limited, participated in the e-auction process for a small hotel in the Arachova area and emerged as the successful bidder, resulting in the award of the unit to the subsidiary for the amount of 1.1 approximately EUR million.
It is a complex of two buildings that operates as a hotel business. The steps of completing the relevant auction procedures will follow immediately with the payment of the auction and the usage fees.
According to a relevant announcement, this investment move is part of the broader strategic planning of the Centric Group for the strengthening of the tourist real estate unit, mainly in high-visibility areas. The tourism industry continues to have favorable growth prospects. The Centric Group remains firmly oriented in the search for suitable opportunities in this field “.
Source: Capital
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