The total investment is estimated at more than 32 million euros for the acquisition of hundreds of real estatewas held Olympic technique from the beginning of 2022 to today. The listed company announced yesterday that it is the preferred investor for a portfolio of 186 properties that it has taken over management of. Solutions Intrum Hellas REO.

These are the properties that came from collection through auctions (REO) and are located in different regions of the country. The offered price of 19.8 million euros will mean Techniki Olympiaki’s more active participation in the real estate market, which is a strategic goal of the management after the sale of Porto Karras to the Savvidis family.

This was preceded in early 2022 by another related step. In particular, Techniki Olympiaki has started to acquire the company. Novamor Limited instead of 12.5 million euros. OUR Novamor he owns property-guaranteed NPLs totaling €33 million. Some of them are luxury residences in areas such as Voula and Paleo Psychiko. In this regard, the company has already acquired a horizontal property with an area of ​​520 sq.m. in Psychiko instead of 1.5 million euros. Of this amount, 1.22 million euros are related to the offset of the monetary claim that Technical Olympiaki had against the seller, the company Hilltop Hellas Technical SA As a reminder, the loans in question were managed on behalf of Tech. Olympiakis, an Irish company Mount Street Hellas Holdco Ltd.., 50% of which was also acquired by Techniki Olympiaki through its subsidiary, PFC Premier Finance Corp.

The seller of the portfolio for 19.8 million is Intrum Hellas.

The listed company also purchased a three-storey store building in Koropi. This is a property with an area of ​​4,267 sq.m. which was purchased at auction for 2.5 million euros. At the same time, he introduced the company Luxurious lifewhich will be his “vehicle” in his field tourismwhere they will search for hotel property, holiday homes and tourist facilities, which will also be put up for auction.

It is recalled that from the sale of the Porto Karras hotel complex in Chalkidiki, Techniki Olympiaki secured liquidity of about 98 million euros, while it will be clarified during the coming July whether the company will raise an additional 8 million euros, when the final opinion of an independent consultant is expected.

This amount has been disputed for more than three years. The remaining funds raised by the company are planned to be used gradually, through investments not only in the real estate market, but also in shipping, tourism and electricity generation from renewable energy sources. (renewable energy sources). In area transportation the company has already invested 16.2 million euros in the acquisition of shares in seven different courts.