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...

Similar Stories:

3house expands space at Unimed in Bucharest
Coworking space operator 3house has added 1,700 sqm on two floors to its location at the U  »
Polski Holding Nieruchomości to build Intraco Prime in Warsaw
Polski Holding Nieruchomości has secured the final building permit for the construction o  »
Immofinanz acquires Warsaw Spire for €386m
Immofinanz has acquired the Warsaw Spire from Ghelamco and Madison International Realty fo  »
Polski Holding Nieruchomości acquires Betheone, Befree offices in Warsaw
In a deal worth €30.8m, Polski Holding Nieruchomości acquired the Betheone and Befree o  »
With demand for modern office space in Athens growing on a daily basis, developers and inv   »
HB Reavis broke into the big leagues by being aggressive on rents, building office space t   »
How would you describe the tenant mix at Mindspace? Co-working is a solution that takes i   »
You’re part of the HB Reavis group, which is an increasingly powerful player in office d   »