Eurobank Properties sells asset in Ukraine

Eurobank Properties sells asset in Ukraine

Eurobank Properties announced on Tuesday the sale of one of its assets that is based in Ukraine.

The ground-floor store, with a basement, is in the capital Kiev and has a total surface of 541.6 square meters. It fetched the Greek blue-chip firm 3.3 million euros, which entailed capital gains of 280,000 euros given the price of its acquisition.

The listed property management company has in the last couple of months proceeded to the radical restructuring of its portfolio in order to reduce the contribution of the rents it gets from parent company Eurobank to its total revenues.