BVIC Group is pleased to announce the sale of 5,000 sqm and 112 parking spaces, at the office complex under construction at 108-110 Athens Avenue, to the international insurance company Allianz S.A for euro 17.5m. The building is part of a 3 building office complex under construction on an 8,000 sqm land plot. BVIC was awarded the development in September 2005, following an open bid by the Hellenic Exchanges SA (HELEX). BVIC is developing an office building of 6,700 sqm, where all of HELEX''s departments will relocate, as well as two other buildings of 12,224 sqm and 5,000 sqm gross lettable area respectively, that will become ownership of BVIC.
The sale agreement for the building of 5,000 sqm and 112 parking spaces was signed on the 24 November 2006. The building will be delivered by the 31st August 2007.
Aris Vovos, CEO of BVIC announced: The insurance Group Allianz is our fifth new client in the past months, following Village Roadshow, Media Markt, LG Electronics and Norton Rose. We are very pleased by the fact that the Group constantly attracts internationally renowned corporations of the highest calibre.