Premia Properties AEEAP. (“PREMIA”) informs the investing public that the transfer of 65% of the share capital of the company Skyline Real Estate Single Member SA (“SKYLINE”) from Alpha Group Investments Ltd of the Alpha Bank Group, to the investment scheme “P&E INVESTMENTS ANONYMIFI REAL ESTATE EXPLOITATION AND DEVELOPMENT COMPANY” (“Investment Consortium”), (the “Transaction”).

Alpha Bank Group will retain a stake 35% on Skyline.

PREMIA participates in the Investment Consortium with a percentage of 25% while the DIMAND Group participates with 55% and the European Bank for Reconstruction and Development (EBRD) with 20%.

The Transaction is one of the largest and most complex real estate transactions in Greece, it is noted in the announcement.

Its completion comes after a long period of intensive actions to mature the properties as well as active management and promotion of properties in the market. As a result, Skyline’s portfolio has diversified from its initial total acquisition value of €438 million. and, after the exclusion from the perimeter as well as the sale of properties, includes 460 properties with a total acquisition value of €298 million, of various uses (such as offices, shops, residences, etc.). Part of the portfolio is already leased, while the remaining properties are intended, partly for reconstruction and/or repositioning on the market for exploitation, and partly for sale. Also, Alpha Bank remains as lessee in part of the portfolio while financially supporting Skyline through long-term financing of up to €156 million.

For PREMIA, the completion of the Transaction confirms its strategic commitment to the implementation of significant investments and the creation of strong partnerships with reputable, institutional partners.

PricewaterhouseCoopers Business Solutions SA (PwC) (Financial Advisor), Sullivan & Cromwell (legal advisor for foreign law) and Potamitis-Vekris (legal advisor for Greek law) acted as advisors to the Investment Consortium for the Transaction.