| Project Detail |
Location: Greece Project number: 53998 Business sector: Property and tourism Notice type: Private Environmental category: B Approval date: 03 Dec 2024 Status: Approved English-language PSD published: 23 Dec 2024 Provision of up to EUR 21.7 million in P&E Investments Axiopoiisis & Anaptyxis Akiniton SA (the Consortium), alongside the Banks existing client Dimand SA (Dimand) and Premia Properties REIC (Premia). The Consortium will acquire a 65% stake in Skyline Real Estate Single Member SA (the Company or Skyline) with the seller, Alpha Bank, maintaining the remaining 35%. Skyline will own a portfolio of ca. 460 real estate assets across different uses, location, size and condition (the Project). Project Objectives Skyline is a portfolio of diverse types of assets which requires segmented strategic approach to deliver value creation. The Consortium, having experience in investing, repositioning and managing similar assets, joined forces in a strategic partnership with Alpha Bank to optimise the portfolio through redevelopment, repositioning, leasing/releasing and/or disposing assets with the objective of creating an institutional portfolio comprising high quality, prime-location assets, of good commercial characteristics, prime tenants, efficient operation and sustainable returns. The Project contributes to the expansion of the private sector and promotes sustainable developments in the evolving real estate sector in Greece, supporting greater energy and resource efficiency, climate resilience and decarbonisation through direct engagement with private clients. |
