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George Chryssikos, CEO, Grivalia Properties, REIC

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Prodexpo- Real Estate Conference, October 20 - 21, 2016

George Chryssikos,
CEO, Grivalia Properties, REIC

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George Chryssikos, CEO, Grivalia Properties, REIC

  1. 1. Grivalia Properties 21.10.2016 Piraeus. The “new port” development, a unique regeneration opportunity. Challenges and implementation
  2. 2. The leading Greek Real Estate Group with AUM c.€1bn Grivalia Properties overview Grivalia Properties • c.€60m committed equity & additional €100m soft commitments • Plans to inaugurate a high-end hotel and resort portfolio of tourism properties in Greece & abroad • Project guided by value investment philosophy • AUM c.€950m - invests mainly in prime commercial real estate • Active in Greece, also present in Serbia & Romania • Tenant base comprises blue chip multinationals & local champions e.g. BofA, Blackrock, Marks & Spencer, L’Oreal, H&M, Procter&Gamble Grivalia Hospitality
  3. 3. Our philosophy • Create value for our shareholders, our people, society GREEK Prime commercial real estate: offices, mixed-use assets, retail units, big boxes, logistics • Sale & Leaseback • Purchases & Forward purchases • Hospitality sector • Sustainability • Development projects & urban re-generation INVESTMENT VALUE • Our origin & spirit are, and will remain, Greek
  4. 4. Project Vomva overview The project • Major re-development in the heart of Piraeus • Urban block comprising ex-industrial warehouse facilities • Asset located in close proximity to the port of Piraeus • To be transformed into 10,5k sqm prime offices with additional U/G areas of 4,6k sqm
  5. 5. Investment approach (1/2) Municipality • Mayor & municipality board committed to re-generate the area and create value for the local community • Welcoming private investments • Win-win relationship between public and private sector • One of the most famous brands of Piraeus • More than 100 years of history • A legacy to be preserved in the future Papastratos Developer • Solid track record • Strong & innovative engineer teams • Credibility - high accuracy of delivery • Excellent understanding of our needs
  6. 6. Investment approach (2/2) COSCO - HRADF • Completes the puzzle • Brings the required equity to the table • Despite increased taxation and market instability, we persist in investing • Win-win project for everyone, creating value for  shareholders,  other engaged parties and, most of all,  Piraeus’ residents Grivalia • Privatization creating significant growth potentials • COSCO will re-design the port & surrounding area • Total investment of c.€300m
  7. 7. Project designs
  8. 8. Grivalia Properties Thank you!