Noval Property Real Estate Investment Company
AATHEX:NOVAL2.30
EUR
-0.01
(-0.43%)
Noval Property Real Estate Investment Company
ATHEX:NOVAL
(Athens Stock Exchange)
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2.30
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ROIC.AI
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- Business
- Noval Property Real Estate Investment Company is a Greece-based real estate investment company and the primary real estate investment and development subsidiary of Viohalco S.A., operating as the second-largest REIC in Greece by portfolio value. The company specializes in the acquisition, sustainable development, asset management, and commercial leasing of a diversified property portfolio. Noval Property manages assets across multiple core segments, providing modern commercial real estate solutions through prime, environmentally certified office complexes, including The Orbit and Butterfly; retail assets and shopping centers, including the River West commercial center and Mare West retail park; modern logistics hubs and distribution centers situated in key freight corridors; hospitality properties, including urban business hotels; and selective residential and mixed-use urban regeneration developments. Its service offerings include long-term commercial property leasing; active asset and facility management; tenant relationship management; sustainable project development and redevelopment; and green building retrofitting aligned with LEED and BREEAM certification standards. Founded in 2019 and headquartered in Athens, Greece, the company focuses its geographic operations across the Athens metropolitan area and selected high-growth regional hubs in Greece, serving institutional, multinational, and premier domestic corporate tenants. In recent major corporate changes, Noval Property completed its Initial Public Offering and listed its ordinary shares on the Main Market of the Athens Exchange in June 2024 to finance an extensive multi-year sustainable investment pipeline. The company also entered into a strategic 50-50 joint venture partnership with Brook Lane Capital to develop The Grid, a large-scale, smart green office campus in Maroussi, while expanding its logistics footprint, completing the River West commercial expansion, and utilizing green bond financing to accelerate energy-efficient building conversions across its portfolio.