M1 Real Estate, the real estate division of the M1 group, founded by the brothers Taha and Najib Mikati, the richest Lebanese, is working, in parallel, on the development of three logistics parks in Jucu, Otopeni and Constanța, investments of around EUR 80 million made in partnership with the Greeks from Helios Phoenix.
In 2021, Helios Phoenix sold to real estate developer CTP the three properties in its portfolio, Olympian Parks in Brașov, Timișoara and Bucharest, for around EUR 80-85 million. Now, with the money from this transaction, Helios Phoenix and M1 Real Estate, united under the same Olympian Parks brand, have begun to develop the three logistics centers, which will be leased and kept in the joint venture’s portfolio.
Source: Profit.ro
