george chryssikos, ceo, grivalia properties, reic
Post on 08-Jan-2017
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Grivalia Properties
21.10.2016
Piraeus. The “new port” development, a unique regeneration opportunity. Challenges and implementation
The leading Greek Real Estate Group with AUM c.€1bn
Grivalia Properties overview
Grivalia Properties
• c.€60m committed equity & additional €100m soft commitments
• Plans to inaugurate a high-end hotel and resort portfolio of tourism
properties in Greece & abroad
• Project guided by value investment philosophy
• AUM c.€950m - invests mainly in prime commercial real estate
• Active in Greece, also present in Serbia & Romania
• Tenant base comprises blue chip multinationals & local champions
e.g. BofA, Blackrock, Marks & Spencer, L’Oreal, H&M, Procter&Gamble
Grivalia Hospitality
Our philosophy
• Create value for our shareholders, our people, society
GREEK
Prime commercial real estate: offices, mixed-use assets, retail units, big boxes, logistics
• Sale & Leaseback
• Purchases & Forward purchases
• Hospitality sector
• Sustainability
• Development projects & urban re-generation
INVESTMENT
VALUE
• Our origin & spirit are, and will remain, Greek
Project Vomva overview
The project • Major re-development in the heart of Piraeus
• Urban block comprising ex-industrial warehouse facilities
• Asset located in close proximity to the port of Piraeus
• To be transformed into 10,5k sqm prime offices with additional U/G areas
of 4,6k sqm
Investment approach (1/2)
Municipality • Mayor & municipality board committed to re-generate the area and
create value for the local community
• Welcoming private investments
• Win-win relationship between public and private sector
• One of the most famous brands of Piraeus
• More than 100 years of history
• A legacy to be preserved in the future
Papastratos
Developer • Solid track record
• Strong & innovative engineer teams
• Credibility - high accuracy of delivery
• Excellent understanding of our needs
Investment approach (2/2)
COSCO - HRADF
• Completes the puzzle
• Brings the required equity to the table
• Despite increased taxation and market instability, we persist in investing
• Win-win project for everyone, creating value for
shareholders,
other engaged parties and, most of all,
Piraeus’ residents
Grivalia
• Privatization creating significant growth potentials
• COSCO will re-design the port & surrounding area
• Total investment of c.€300m
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