Piraeus Bank finances Hines and Henderson Park
As a strong sign of its commitment to the Real Estate and Hospitality sectors, Piraeus Bank has financed Henderson Park and Hines in their recent acquisition of five hotels in resort locations in the island of Crete, Greece.
The portfolio comprises five hotels of over one thousand rooms in 67,000 sqm. including the Hermes and Coral hotels of 218 and 170 rooms respectively in Agios Nikolaos, the Santa Marina Resort and Apollonia Resort of 208 and 336 respectively in Heraklion and the Sitia Beach Resort of 162 rooms in Sitia.
Eleni Vrettou, Executive General Manager of Corporate and Investment Banking in Piraeus Bank notes: “This is yet another key transaction for Piraeus Bank executed during the COVID-19 period that demonstrates our long term commitment to the hospitality sector in Greece despite the current challenges caused by the pandemic. Furthermore, it highlights our strong relationship and continuous support to international reputable investors such as Henderson Park and Hines, assisting them to realize their investment plans in Greece and to complete seamlessly demanding transactions regardless of market conditions.”
Henderson Park is a European real estate asset management platform focusing on acquiring and repositioning real estate assets in several European markets.
Hines is a renowned privately owned global real estate investment, development and asset management firm founded in 1957, with a presence in 24 countries including Greece.
Athens, 25 June 2020