The Athens Stock Exchange today welcomed representatives of the Management, executives and partners of Noval Property on the occasion of the start of trading of the company’s shares on the Main Market of the Athens Stock Exchange.

The managing director of the company, Panagiotis Kapetanakos, announced the start of the meeting by ringing the traditional bell.

“The overcovering of its public offering Noval Property, is a clear proof of the investment public’s trust in the company’s strategic and investment development plan. Noval Property today has a modern real estate portfolio with high marketability and significant geographical dispersion, which ranks it second among the existing Real Estate Companies in Greece” noted, among others, the managing director of the Athens Stock Exchange Group, Yannos Kontopoulos, adding that “the Greek market is now moving dynamically recognizing and rewarding companies with strong growth prospects.”

For his part, the managing director of Noval Property Panagiotis Kapetanakos emphasized, among other things: “Today is a day of great joy for the introduction of Noval Property to the Athens Stock Exchange and the start of trading of our shares. We are proud of the fact that, alongside Viohalco, the EBRD, 87 Greek and foreign institutional investors and 4,752 Greek private investors trusted us and became our shareholders. Despite the difficult situation for the listed real estate industry in Greece and internationally, the public offering was oversubscribed 2.3 times. And perhaps more importantly it was oversubscribed by retail investors and institutional investors alike. Listing is the successful completion of a capital. It makes Noval Property even stronger as a company. At the same time, and more importantly, it is the beginning of a new challenge. I would like to assure our shareholders that we will continue, with careful steps, the hard work with a focus on achieving the best possible returns.”

Finally, the president of the Capital Market Commission, Vasiliki Lazarakou, said: “I welcome the introduction of Noval Property to the Stock Exchange. At a time when the international commercial real estate market is facing great challenges, Noval Property enters the gates of the AX, bringing greater depth to the market and with an investment plan to add value to shareholders. By listing on the Stock Exchange, the subsidiary of the Viohalco group lays the foundations for better business performance for the benefit of the national economy as well.”