Sale of Schacolas properties part of BoC’s property fund strategy

Click For Larger Image & Read More
Sale of Schacolas properties part of BoC’s...
 © BusinessMail 2018
By Stelios Orphanides

The recent acquisition of three properties from the Shacolas Group appears to be connected to the creation of a company that will manage commercial properties likely to be announced by Bank of Cyprus in the coming days.

There is reasonable cause to assume that the sale of the properties, “is part of the creation of a real estate portfolio for a Cyprus Stock Exchange (CSE) listing, Yiannis Telonis, a former senior manager at Hellenic Bank said in a telephone interview. “Because they are large chunks, their value is timeless and will offer...


This article was automatically added to our system 20-2-2018

Sale of Schacolas properties part of BoC’s property fund strategy


The contents of this article including any associated images are © BusinessMail 2018
Views & opinions expressed in this article are those of the author and/or BusinessMail .

Advertise Here

Trending Cyprus News

Advertise Here

Article Tags: schacolas, properties, property, strategy,

 

24hr News