Premia Properties: EUR 49 million agreement with Piraeus Bank for the purchase of 34 properties

Premia Properties announced that it has signed an agreement with Piraeus Bank for the sale of 34 properties, valued at €39 million, from the Bank’s REO portfolio.

As noted in a Premia announcement, “an agreement was signed between Piraeus Bank and PREMIA’s group subsidiary, Pandora Invest II S.A., which concerns the purchase of properties for the purpose of their exploitation in accordance with the company’s strategy.

The perimeter of the transaction includes 34 properties with a total value of EUR 49 million from Piraeus Bank’s REO portfolio of various uses (such as office buildings, commercial shops, warehouses). The target is to complete the transaction by the end of Q2 2027.

Ilias Georgiadis chairman of the board of PREMIA PROPERTIES said: “We are delighted to partner with Piraeus BankThe agreement to acquire a significant portfolio of properties with high profitability prospects reinforces PREMIA’s growth strategy.”