Eurobank S.A. has signed a preliminary agreement with Praktiker Hellas for the sale of all bank-owned properties currently leased to the Greek DIY retail chain.
The move is part of Eurobank’s broader strategy to optimise its real estate portfolio and divest non-core assets amid shifting market dynamics.
The transaction coincides with Praktiker’s acquisition by Romania’s Pavăl Holding, which plans to consolidate its Greek footprint through full ownership of its operational sites.
Praktiker Hellas, formerly owned by Fairfax Financial Holdings, has operated 17 stores across Greece and employed over 1,200 staff.
The chain has faced financial headwinds in recent years, reporting losses in both 2022 and 2023 despite modest revenue growth.
Pavăl Holding’s entry marks a strategic expansion for Dedeman, Romania’s leading DIY brand, and signals a vote of confidence in Greece’s retail and property sectors.
The agreement with Eurobank ensures the continuity of Praktiker’s operations while enhancing its control over key assets.
For global investors — particularly Australians eyeing Greek real estate — the deal underscores a maturing market with rising institutional interest and asset consolidation.
Australian demand for Greek property remains steady at 10.6%, with investors increasingly drawn to commercial opportunities beyond traditional holiday homes.
The Eurobank–Praktiker transaction reflects a shift toward long-term stability and operational control, offering a blueprint for foreign investors seeking strategic footholds in Greece’s evolving property landscape.
