BVIC Group to develop 8,000 sqm land plot (GR)

Babis Vovos International Construction Group (BVIC) was awarded the development of an 8,000 m² land plot at 108-110 Athens Avenue, following an open bid by the Hellenic Exchanges SA (HELEX). BVIC will develop an office building of 6,700 m², where all of HELEX's departments will relocate, as well as another building complex of approximately 17,000 m² which will remain in BVIC's ownership. Furthermore, HELEX will also receive €7 million in payment from BVIC.

Aris Vovos Chief Executive Officer of BVIC Group commented. "This is our third new client in recent months, following Media Markt and Village Roadshow, demonstrating BVIC's ability to attract new corporate tenants of the highest calibre. We are very pleased to have concluded this transaction with HELEX. We believe the relocation of the HELEX adds value to the whole project and provides this area with exciting new development opportunities. This high profile addition to BVIC's development pipeline further strengthens the group's strategy of enhancing its net asset value per share, offering significant value to shareholders."

Source: BVIC

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