Athens, November 3 2021

NOVAL PROPERTY received a double distinction at the Property Awards 2021, winning the “Property Investment Company of the Year” award, while the RIVER WEST shopping center also received the gold award in the “Commercial development/Retail New Development” category for the RIVER WEST OPEN development. The annual Property Awards, organized by Boussias Communications with the contribution of distinguished members of an independent Committee, reward the best projects, creators and property & development companies in Greece.

This honorable distinction, namely “Property Investment Company of the Year” further seals the leading role of NOVAL PROPERTY in the real estate development and investment sector, with its modern and wide-ranging real estate portfolio.

RIVER WEST OPEN, RIVER WEST shopping center’s development project, which won the highest distinction (Gold award) in the “Commercial Development/Retail New Development” category, is an investment which totals EUR 30 million, and one of the largest investments to have taken place in the industry to date. RIVER WEST OPEN includes large retail units, extensive outdoor green and leisure areas, with a total surface area of 20,000 square metres, as well as restaurants designed to operate in an environmentally friendly way.

The two awards with which NOVAL PROPERTY was distinguished are an additional recognition of its leading role in real estate development and investment segment. NOVAL PROPERTY’s mission is to create value in the industry in which it activates, operating responsibly, with respect for people, the environment and society.

About Noval Property

Noval Property is the second largest REIC in Greece. Noval Property’s real estate portfolio, which includes 43 properties located mainly in Greece and selectively in Bulgaria, consists of office buildings, commercial premises, hotels and former industrial buildings with a total built-up area of 453,000 square metres. The valuation of the properties on 30.06.2021 amounted to EUR 389.7 million. Noval Property is a subsidiary of Viohalco in the real estate industry. For more information, please visit our corporate website: