Dimand S A: Financing of ALKANOR by Alfa-Bank for the reconstruction of a multifunctional building in Omonia

Marousi, June 11, 2024 - Press release on ALKANOR's financing by Alpha Bank for the redevelopment of a mixed-use building in Omonia. ALKANOR S.M.S.A., a wholly-owned subsidiary of the DIMAND group, has signed a long-term loan agreement of up to 28 million euros with Alpha Bank to finance the development project of a building that previously housed the historic MINION department store (referred to as the "Property"). Specifically, the project involves the conversion of part of this property, with a total area of approximately 13,800 square meters, into a modern mixed-use building with low environmental impact and high energy efficiency (retail and offices). The development aims to achieve a high-level GOLD LEED certification. ALKANOR has already reached an agreement to lease the entire building to the Inditex group and the Public Power Corporation (P.P.C.), with operations scheduled to commence by the end of this year.

A little about DIMAND

DIMAND is one of the leading Greek companies in the real estate development sector and is listed on the Athens Stock Exchange. Since its founding in 2005, the company has integrated a philosophygreen constructionthe foundation of her business by creating a new market in real estate and becoming an international example.

The company is one of the leaders in the group.The Most Sustainable Companies in Greece, receiving the highest award for sustainable development from the Quality Net foundation. DIMAND also received the LEED® Proven Provider™ award from the Green Building Certification Institute. Beingsilver memberThe U.S. Green Building Council, DIMAND is also a member of GRESB and has become the first company in Greece to receive the title.Credentialed Project DeveloperandCredentialed Quality Assurance Providerfrom the Investor Confidence Project (ICP) Europe.

• Address: 115, Neratsiotisi St., GR 151 24 Marousi
• Phone: +30 210 8774200
• Fax: +30 210 6801160
• Email: [email protected]

Note: Dimand Societe Anonyme published this content on June 11, 2024, for the use and construction of services and participation in real estate, and takes full responsibility for the information contained herein. It was publicly distributed, not edited or altered on June 11, 2024, at 06:46:09 UTC.