Intercontinental International REIC (“the Company”) announces that in the process of a public bidding organized by Piraeus Real Estate SA. as Piraeus Bank SA Real Estate Management Consultant, offered the amount of 5.935.000 Euro for the acquisition of a standalone commercial building, located on 13, Tsakalov Str., in Athens and was declared as the preferred bidder.
The Company will further inform its Shareholders and the investing parties once the tender is completed and the property purchase contract is concluded.
Athens, November 14, 2019