Eurobank’s New Business Moves in Real Estate

In a significant step to further strengthen its portfolio, Eurobank has advanced with new leasing agreements aimed at securing long-term revenue. Central to these agreements are the Green Plaza business complex in Marousi and a notable property in Patra. Meanwhile, renovations on the historic building located at the corner of Stadiou 9 and Kolokotroni 1, known as Athinaion Melathron, are progressing rapidly. The agreements, published in the General Commercial Register (GEMH), include modifications and new leases of properties with companies Grivalia Hospitality A.E., Grivalia Management Company A.E., and Praktiker Hellas Monoprosopi A.E. With a total monthly rent exceeding €40,000, the bank secures stable income from its properties while retaining control of the spaces and expanding its activities in real estate. The first agreement involves leasing office spaces and parking spots at Green Plaza to Grivalia Hospitality A.E., with a monthly rent of €21,836.70 until 2029. The second agreement is signed with Grivalia Management Company A.E., acquiring new spaces within the same complex for €19,918.70 monthly until 2029. Additionally, the third contract extends the lease of a commercial property in Patra with Praktiker Hellas, with an option to extend until 2028. Eurobank’s strategy indicates a preference for long-term utilization of its spaces through stable leases rather than selling properties—a tactic many businesses use to boost liquidity. This allows the bank to retain significant assets in its portfolio while ensuring a steady income stream. Notably, Eurobank also acquired the Athinaion Melathron for €50 million, planning to open a branch on the ground floor and relocate administrative services to the upper floors by 2028.