Activities and companies
Viohalco derives value from the real estate assets of its subsidiaries by developing and managing large-scale commercial and industrial properties.
The real estate development segment focuses on the development of commercial and industrial properties, for Viohalco S.A. and its subsidiaries. Properties may include former Viohalco production or office facilities that are idle or have been relocated, due to the expansion of urban areas or for operational efficiency. Viohalco’s main subsidiary in this sector is Noval Property S.A., which is wholly-owned.
Noval Property S.A.’s main objective is to optimise the use of Viohalco’s real estate holdings. Viohalco S.A. and its companies develop a significant portfolio of commercial and industrial properties. The most significant properties developed by Viohalco S.A. and its subsidiaries are located in Greece and Bulgaria and include office complexes, shopping malls, industrial buildings and warehouses.