ECONOMY

Grivalia Properties buys buildings that housed Makro stores

Athens-listed Grivalia Properties, formerly Eurobank Properties, has announced the acquisition of the buildings hosting the stores of the Makro cash-and-carry chain, which has now been acquired by the local Sklavenitis supermarket chain.

Grivalia paid a reported 60 million euros for the nine Makro buildings across the country in a sale-and-lease-back deal.