Greece's Alpha Bank sells real estate assets to Dimand and Premia

Premia Real Estate Investment SA

06/02/2023 10:39

ATHENS, Feb 6 (Reuters) - Alpha Bank  ACBr.AT , one of
Greece's four largest lenders, has agreed to sell real estate
assets to Dimand S.A. and Premia Properties, the bank said on
Monday. 
    The consortium will acquire 65% of Alpha Bank's estate
portfolio, which is valued at 438 million euros. Alpha bank will
retain the remaining 35% of the vehicle that will hold and
manage the assets and is called Skyline. 
    The portfolio constists of 573 assets, including offices,
commercial real estate, residential, industrial and logistics
facilities.
    "Alpha Bank Group will remain as tenant for certain assets,
while the rest of the portfolio will either be redeveloped and
repositioned for rental use or sold directly to the market," the
bank said. 
    The assets will gradually be transferred to Skyline in
phases, Premia said in a bourse filing, adding that the aim is
complete the transaction by June 2023. 
 (Reporting by Lefteris Papadimas, Editing by Louise Heavens)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))