The Greek Deal.com
NOVAL PROPERTY
Positive guidance for year 2024 and Investments in green properties
Noval Property's CEO, Panagiotis Kapetanakos, referred to the strong operating profitability during the analysts' briefing on the half-year results.
Net profit of €21.9 million in the first half of the year
Noval Property announced that it continues to record strong operating results, with rental income up approximately 15% in the first half of 2024 to €15.9 million, compared to €13.8 million in the first half of 2023.
Portfolio by 30 June valued at €609 million
The value of Noval's portfolio amounted to €609 million as of June 30, 2024, an increase of €38 million (7% increase) compared to December 31, 2023.
Lease of office space for "The Grid" to EY Greece
Two of the four buildings in the "The Grid" complex in Marousi have their office space leased to EY Hellas, according to a legally binding agreement that was made public by Noval Property.
In the main market of Athens Stock Exchange
In honor of the start of trading of the company's shares on the Main Market, the Athens Stock Exchange today welcomed representatives of Noval Property's management, executives, and associates.
The allocation of the shares of the public offer - From 5/6 on the board
In one announcement, Noval Property reports the results of its public offering of its new common, registered shares with voting rights; in another, it states that its shares will start trading on the Athens Exchange on June 5.
The IPO closes with an oversubscription
Yesterday, the second day of the process, saw private investors cover the entire share offer for the listing of Noval Property.
€2,60 to €2,82 the price range for the offering of the new shares
For the new shares of Noval Properties, a price range of €2.60 to €2.82 euros has been set in the context of the public offer that will commence tomorrow and run through Friday, May 31.
How the €340 million investment plan is being implemented
Panagiotis Kapetanakos, the CEO of Noval Property, made reference to the company's strategy pillars and the properties that will be developed within the framework of the €340 million investment program yesterday during a presentation marking the company's listing on the Athens Stock Exchange.