Piraeus Bank and Fourlis Group create Land Bank JV
04 December 2007
According to sources from the companies, Bank of Piraeus and Fourlis Group will create a Land Bank with main focus of operation in the Balkan and Eastern European real estate markets. The two companies will each have a 50% participation in the joint venture (directly and indirectly).
Upon commencement of operations the joint venture will focus on land plot acquisitions. Currently, BOP’s investments in the real estate sector accounts for about 64% of other operating income.
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