Grivalia Properties REIC

117, Kifisias Avenue & Agiou Konstadinou Street

151 24, Maroussi Athens-Greece

Tel: (+30) 210 8129 600

Fax:(+30) 210 8129 670

VAT n. GR094048855

General

Comm.Registry 000239101000 Reg. act 11/352/21.9.2005

Maroussi, October 23rd, 2017

Press Release

Completion of acquisition of asset in 340, Syngrou Avenue, Kallithea, Attica

GRIVALIA PROPERTIES REIC (the "Company") announces that it has officially completed the acquisition of a 50% undivided interest over a commercial asset, located in 340, Syngrou Avenue in Kallithea, for which it was declared preferred bidder in an e-auction. More specifically, the e-auction was conducted on 21st September, 2017, by "PQH Single Special Liquidation SA", as special liquidator of "ATE Leasing SA".

The asset is a modern, mixed-use, multi-storey building with excellent visibility. The total area is approximately 31,100sqm, of which 13,950sqm are office & retail areas and 17,150sqm comprise 400 parking spaces on four underground levels and other auxiliary & common areas. The asset is partially leased to a multinational electrical & electronic equipment chain and to a media company. Since early 2017 the Company is already the owner of the remaining 50% of the undivided interest over the property and has now become single-owner of the asset.

The total price offered for the acquisition of the 50% undivided interest over the asset was

€14.36 mn.

Grivalia Properties REIC published this content on 23 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 October 2017 16:16:11 UTC.

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