Published at: 2017-07-19 12:22 | Author: Nikos Roussanoglou
There‘s not enough confidence in the Greek economy to spur on office development, but investors are hot for secondary product
Things are starting to pick up in the Athens office market as investors pursue deals, with a particular focus on class B office schemes where there’s considerable value to be added. Prime office stock in Athens is estimated to be at around 10-15 percent of the total supply, while class B offices make up a far more hefty 40-45 percent of the total. With demand currently focused almost entirely on class A offices, local REITs are actively seeking deals in this secondtier office segment. Now that G...

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