The disinvestment answer was chosen by Sami Faiss within the case of the property that housed the “Allatini Mills” in Thessaloniki. The well-known businessman determined to promote his 50% stake within the iconic complicated to his different co-owner, Prodromos Mavropoulos.
“There was proposal and we accepted it”, says Sammy Faiss to “OT”. It implies that it was an anticipated resolution since one other investor was concerned within the property, complicating its exploitation.
Allatin Mills: The worth for 50%
As for the sale worth and if the data that they need it to quantity to 7 million euros is true, he avoids answering immediately, clarifying nevertheless that he was not broken in any means.
The above growth is taken into account to offer a means out of the… deadlock created by the possession stability that arose after the final public sale in January 2023, when Mr. Mavropoulos had acquired 50% of “Allatini Mills”. Faiss Group already owned 50%, having initially acquired 25% by an public sale after which a further 25% on the finish of 2022 from Themeliodomi.
It’s stated that contacts and negotiations to discover a answer had intensified lately, so as to proceed with the event of the property on Georgiou Papandreou Avenue and to cease the co-owners from being burdened with the exorbitant safety prices (over 200 thousand euros per time) that was required.
Utilization plans
In keeping with reviews, Prodromos Mavropoulos is launching a plan to radically reform the commercial complicated that has a historical past of 170 years.
It’s stated that it’s deliberate to renovate the listed buildings into residences which, within the first section, will likely be accessible for lease and never on the market, whereas the bottom flooring areas will likely be utilized with the operation of eating places and cafes, mini markets.
The economic complicated has an space of 27 hectares and was constructed on the finish of the nineteenth century.
Preserved since 1991
It has been labeled since 1991 as preserved in its largest half as it’s a typical instance of the commercial structure of that point.
It’s recalled that makes an attempt had been made to put it to use up to now, however they by no means progressed. Extra critical was the one in 2003, with the “State of Allatini” venture.
Allatini S.A., Themeliodomi S.A., City Developments of Thessaloniki S.A. participated on this. and Omega Financial institution, all at present in chapter or liquidation.
Supply OT
#Allatin #Mills #Sammy #Feis #Offered #Purchased
