PRODEA Investments and Invel Real Estate announce the acquisition of the Hotel Bellevue Cortina d’Ampezzo in Italy for its complete redevelopment in preparation for the 2026 Winter Olympics. This six-storey building was acquired by Prodea in 75% and Invel (through the “Eudora fund LP”) in 25% for a total price of approximately €49 million. Currently […]
Tag: Prodea Investments
National Bank: The end of the obligations to DGCom, the dividend, the deal with EVO and the new plans
Of Leonida Stergiou With the sale of National Insurance, the second securitization of red loans and the strategic agreement on payment systems with the American EVO, National Bank completed its obligations towards the competent European authorities (DGCom and supervision). The positive progress of the first half of the year, the reduction of the percentage of […]
Prodea’s new projects in the residential sector
By Eleni Bota Prodea recently proceeded to acquire five companies that own nine residential plots and an existing residential building fully leased, with the aim of developing a residential product for sale (Build to Sell or BtS) and to rent (Built to Rent or BtR). The BtS portfolio includes 4 plots of land, with a […]
Prodea Investments: At 95.30% the percentage of Castlelake Opprtunities Partners
Prodea Investments informs the investing public, in accordance with the provisions of Law 3556/2007, as applicable, and Regulation 596/2014 that, in accordance with the 11.07.2022 notifications of Law 3556/2007 submitted to the Company by the legal entities Invel Real Estate BV, Invel Real Estate (Netherlands) II BV as well as their ultimate control CASTLELAKE OPPRTUNITIES […]
Who is Prodea’s new tenant in the large property on Syngrou Avenue?
By Eleni Bota Prodea proceeded to lease its new building at 44 Syngrou Avenue. According to information, the building was leased to the audit firm KPMG. The design of the building, named “The Wave”, has been undertaken by Tsolakis Architects. The property has an area of 5,600 sq.m., has a view of the Acropolis, is […]
Prodea: Profits of 18.5 million euros and an increase in turnover of 16.6% in the first quarter
Prodea Investments announced that the group’s turnover amounted to € 36.5 million compared to € 31.3 million in the first quarter of 2021. Earnings before interest, taxes, depreciation and amortization, revaluation of real estate and other non-recurring assets (adjusted EBITDA) amounted to € 26.1 million in the first quarter of 2022 compared to € 24.5 […]
Prodea: The investment program of 600 million euros continues
of Eleni Botas Prodea Investments AEEAP is looking at the completion of its investment program of 600 million euros. As it became known yesterday during the annual Ordinary General Meeting, the company has already contracted and has in progress more than 65% of its investment plan. Most of its investments – at a rate of […]
Prodea: Proposal of the Board of Directors for the distribution of a dividend of € 0.279 per share
The distribution of a dividend of 0.279 Euros per share (net) for the year 2021 decided to propose to the Ordinary General Meeting of Shareholders of the company that will meet on 07.06.2022 the Board of Directors of Prodea Investments. As the company states in a relevant announcement, given the distribution of a temporary dividend […]
Alpha Finance: Proceeded to issue a report for Prodea Investments
The analysis of the prospects of Prodea Investments, the largest investment company (AEEAP) in real estate in Greece, was developed today by Alpha Finance with a report published by the Analysis Department of the company. Prodea is listed on the ATHEX. and has a portfolio of 373 commercial properties with high visibility and commerciality with […]
Prodea Investments: Earnings from ongoing activities € 175.1 million for 2021
Prodea Investments announced that profits from continuing operations for the year ended 31 December 2021 amounted to € 175.1 million, compared to € 62.9 million in 2020. The net profit from revaluation of real estate investments at fair value amounted to € 96.7 million (compared to net losses of € 7.6 million in 2020) reflecting […]