Situated in the heart of Athens, near the iconic Omonia Square, we acquired this 7,018 sqm building through the Special Purpose Vehicle (SPV), “LYKOURGOU Real Estate Development S.A.”. This area is known for its central location, vibrant activity, and proximity to key landmarks, making the property a valuable asset.

Project Structure

The project was structured as a strategic flip transaction, focusing on quickly realizing value through:

1. Acquisition: Purchasing the property through the SPV.
2. SPV Sale: Selling LYKOURGOU Real Estate Development S.A. as a turnkey investment solution, allowing the new owner to take control of the property without further operational hurdles.

Key Benefits

• Prime Location: Situated near Omonia Square, one of the busiest and most well-known areas in Athens, the property is ideally located for commercial or residential development.
• Strategic Flip: The rapid sale of the SPV allows for quick capital realization, providing the buyer with an immediate, hassle-free ownership opportunity.
• Investment Potential: With 7,018 sqm of space in a central location, the building offers significant opportunities for development or repurposing in the heart of Athens.

Conclusion

This project highlights a successful strategic flip transaction, combining prime real estate in a central location with efficient execution through the sale of the SPV. The property’s desirable location near Omonia Square positions it as a highly attractive asset for future development or investment.