Noval Property announces that, following a bidding process, it acquired an office building located on 199, Kifisias Ave in Marousi, formerly owned by HELLENiQ ENERGY Holdings S.A.
This asset, of total built area of 6,636 sq.m., will be redeveloped into a modern, green, and smart office building, integrating the principles of bioclimatic design, and aiming to obtain LEED environmental certification. The redesign of this building is part of Noval Property’s goal to redevelop old building stock and transform it into modern, green, and bioclimatic properties, confirming the company’s commitment to invest in projects that contribute to sustainable development.
The transaction amounted to EURO 10.96 million and it has been financed through funds from Noval Property’s Green Bond.
Noval Property consistently continues to invest in green and high-quality office buildings, urban regeneration projects, logistics, and residential assets, aiming at creating value for the company’s stakeholders.

26 October 2022

About Noval Property

Noval Property is the second-largest Greek REIC. The investment property portfolio of Noval Property, which comprises 61 properties (1 through a participation in a real estate company and 5 through two 100% subsidiaries of Noval Property) mostly in Greece and selectively in Bulgaria, includes office buildings, shopping centres, hospitality assets and warehouses of the total built area of approx. 462.000 sq.m. The fair value of the investment property and participations portfolio amounted to EUR 465 million as of 30.06.2022. Noval Property is a subsidiary of Viohalco in the real estate sector.

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