Strategic cooperation between Premia Properties and Douka Schools

Premia Properties announced today the signing of a strategic cooperation with Douka Schools.

As announced by the listed company, the agreement stipulates that Premia will acquire the facilities of the schools in Maroussi, Attica, with a parallel long-term fifteen-year lease, with the right of repurchase, and use by Douka Schools.

The properties include school buildings, sports and cultural facilities of 23,114 square meters on plots of 26.6 acres. The initial investment for Premia amounts to 20 million euros. As part of the cooperation, improvements as well as environmental upgrades of existing buildings and infrastructure will be considered in the coming years. In this way, the conditions for the realization of the vision and the goals of the school are strengthened as it will focus seamlessly on its educational work and on the further development of its pedagogical offer.

The agreement marks the beginning of new strategic investment partnerships in the field of education through the cooperation of the two parties.

Premia thanks DBC Diadikasia SA for acting as a Financial Advisor for the transaction.

Mr. Elias Georgiadis President of Premia Properties & CEO of STERNER STENHUS Holding said: “I am very happy for our cooperation with DOUKA SCHOOLS, one of the most important educational organizations in the country. Through the partnership of our forces, opportunities are created and This agreement is part of our strategy for investments in social buildings, which started with the acquisition of the management of 10 schools in Attica through a PPP program. It is also an opportunity to transfer experience. from corresponding investments of STERNER STENHUS in Sweden ”

Mr. Konstantinos Doukas, CEO of DOUKA SCHOOLS said: “We are happy to work with Premia Properties, one of the fastest growing companies in the field of real estate investments in Greece, which despite having various proposals for cooperation in the field of Private chose to cooperate with Douka Schools, believing in the Principles that the school has been broadcasting for 105 years now and at the same time fully trusting the school administration and the vision it has for the future of our educational organization. in the field of education ”

Mr. Konstantinos Markazos, CEO of Premia Properties said: “Premia continues to implement its investment program with properties that are part of its strategic areas of interest such as education. Through long-term leasing with a healthy and growing company such as DOUKA SCHOOLS enriches our portfolio with high quality buildings and at the same time we acquire a very important partner in the field of private education “.