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Greek
39A, Ethnikis Antistaseos Ave., Nea Ionia
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Greece- Athens

Description
The property is an office complex comprising of two buildings. It is a former industrial building (previously the Anatolia Factory) and permission was granted for it to be used as offices. The property is located on a plot of approximately 12,399 m2 and has a surface area of 17,725 m2. The buildings were constructed in 2007.

Characteristics

Acquisition Year

:

2007

Tenant

:

L’Oreal S.A.

Commercial Value (€)

:

19,422,895

Total Annual Rent (€)

:

846,691

Passing Yield

:

4.36%

Lease Duration

:

To 2023


The passing yield of the asset appears low because there are vacant spaces within the asset. The company is in the process of identifying new tenants for the vacant spaces.
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