This project contributes to a joint venture with Dimand SA, a leading Greek real estate developer and construction services provider. The joint venture will invest in brownfield sustainable commercial real estate and hospitality projects in Greece, with a focus on office, mixed use projects, student accommodation and city hotels.
As part of the proposed equity investment, EBRD will contribute equity of up to EUR 21.5 million for an up to 35% shareholding in the joint venture. Dimand S.A. will contribute an equivalent of up to EUR 40 million for a 65% equity interest in the joint venture.
Dimand S.A., a real estate developer and construction services provider in Greece with over 10 years of experience and track record of delivering brownfield regeneration projects. Since its establishment, Dimand S.A. has developed projects with total value of ca. EUR 300 million including the first LEED Gold certified office building in Greece, Karela Office Park.
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Nikos Dimtsas, CFO
+30 210 8774 200
37A Kifissias Av., 15123, Maroussi, Athens, Greece
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