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Emporiki Bank signs 45-mln-euro sale, lease-back deal

Δημοσίευση 28 Ιανουαρίου 2011, 08:48 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Emporiki Bank signs 45-mln-euro sale, lease-back deal
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Emporiki Bank, a member of Credit Agricole Group, on Thursday announced the signing of an agreement with a Greek-American investor for the sale and lease-back of a portfolio of 14 of the bank’s real estate properties around Greece, worth 45 million euros.

Emporiki Bank, a member of Credit Agricole Group, on Thursday announced the signing of an agreement with a Greek-American investor for the sale and lease-back of a portfolio of 14 of the bank’s real estate properties around Greece, worth 45 million euros.

A bank announcement said the deal, one of the largest such agreements in the local real estate market, was completed during a very difficult period for the Greek economy and the domestic property market, while it also creates conditions for further positive developments in the market, as the investor is interested in creating an investment vehicle in the local property market.

The deal, the third signed by Emporiki Bank over the last two years, is part of a strategic plan to secure positive returns from its real estate portfolio.