Renti to Go has acquired 100% of the shares of Trivillage Developments Greece Single Member, which owns and operates the Village Shopping & More shopping centre in Renti, Attica, as announced by Premia. The purchase price amounted to €14.1 million. 

Renti to Go is a joint venture of a group of private investors, including Elias Georgiadis (through Sterner Stenhus Greece), the Antetokounmpo family, Premia Properties (through a subsidiary), George Panos, Yannis Konstantinou (a US resident), and Alex Papakonstantinou (a Swedish resident).

The property has a gross building area of 49 thousand square meters on a 36-acre site and is currently operating as an entertainment park with Village Cinema as the main tenant.

This business move by Giannis Antetokounmpo and Ilias Georgiadis aims to upgrade the well-known complex and create a model sports and entertainment center in the area and a meeting point for families with children and young people. Despite the property's good condition, we will immediately upgrade its facilities.

Eurobank financed this project, and CBRE provided advisory services.

Yiannis Antetokounmpo said: "I am investing with my family and in cooperation with Ilias Georgiadis in an area of Attica where my brothers and I spent our childhood years. We made one of our biggest investments in Greece. Our vision is to upgrade the area, offering people and their families unforgettable moments, as well as to implement our broader plans for the development of sport." 

"In particular, this professional move not only aims at development with a focus on sports events but also carries an emotional character, as we have special memories of our childhood," said Thanasis Antetokounmpo.

Elias Georgiadis, CEO of Sterner Stenhus and Chairman of the Board of Premia, made the following statement. With the vision of Giannis and Thanasis and our own knowledge in the real estate industry, we will revitalize the well-known spot and turn it into an entertainment sports park."

Kostas Markazos, CEO of Premia, said: "This transaction represents another strategic partnership between Premia and highly valued partners, which will enhance the size and diversification of our portfolio and the company's reputation.