Noval Property announces that through the company “THE GRID SA.” (shareholder composition: 50% Noval Property, 50% Brook Lane Capital) acquired, after a bidder nomination process and pursuant to no. 1417/2021 of the decision of the Single Member Court of First Instance of Athens, a plot of land of approximately 16 acres, on 10-12 Heimarras Street and Maroussi – Halandri Avenue in Maroussi (former Kodak property).
A modern complex of green office buildings with a total built-up area of approximately 49,000 sq.m. is to be developed on this plot. which will adopt the principles of sustainable development and bioclimatic design, and is expected to receive LEED certification. The selection process of the Study Group is already in progress.
The transaction price amounted to 28.6 million euros and was financed through a combination of bank loans of “THE GRID SA.” from Piraeus Bank and equity.
The financing funds, according to the part corresponding to Noval Property, for the construction of the project will be raised from the Green Common Bond Loan of Noval Property, which was admitted for trading on December 7, 2021 in the Fixed Income Class of the Regulated Buying Market. .
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Source From: Capital
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