MIG’s property arm aims for 7.5 mln euros

Shoppers are seen walking past commercial properties in central Athens in this file photo. MIG Real Estate Investment Company, the property arm of Marfin Investment Group, said yesterday it will seek to raise 7.5 million euros in an initial public offering, the first this year on the main exchange in Athens. Investors will be able to subscribe for shares from July 8 through July 10, according to a bourse filing from the company. The real estate investment company, which owns commercial properties across Greece, will give a price range for the shares before the start of next week. A final price will be announced on July 13. MIG Real Estate will be the third real estate investment trust to be listed on the Athens bourse.