OUR ACTIVITIES
WHAT'S NEW...


About B.V.I.C.


Babis Vovos (BVIC) is Greece’s leading property developer and manager, focused on the office real estate market.  Since its inception in 1974, BVIC has constructed more than 30 office complexes with a total surface area of over 500,000 sqm.

Currently, the group owns or manages over 200,000 sqm in 40 locations. At Dec 31, 2006 BVIC’s gross portfolio of real estate assets was estimated at a total gross fair market value of Eur 1,210 m by Colliers Énternational.

BVIC is the largest quoted Greek property company by turnover, and, by market capitalisation. 
BVIC has acquired an excellent reputation for developing landmark commercial properties around the central arteries of Athens, which offer significant advantages by virtue of their size, location and facilities. The company has developed a loyal and broad network of internationally acclaimed corporations as clients, including Vodafone, Coca Cola, Cosmote, Sun Microsystems, Microsoft, Siemens, Telecom Italia Mobile (TIM), Media Markt, Village Roadshow, the Greek Ministry of Public Works and the Greek Athletic Federation. 

BVIC is involved in all aspects of property development and investment, from site acquisition and construction through to the leasing and sale or retention of constructed building. It is well known for providing ‘turnkey’ solutions for its office clients, with current completion times of approximately 18 months. BVIC acts as facilities manager for all the properties in which it retains an interest or in respect of which it has entered into sale and leaseback transactions. Under these facilities management agreements, BVIC maintains the exterior and common parts of the buildings, helping to maintain the value of the properties.

Over the last few years, leveraging on the advantages offered by sale and leaseback agreements, BVIC is moving increasingly from the development and sale of properties, to their development, retention and management. The group is also diversifying its portfolio by expanding into new real estate segments, so that now, BVIC is involved in three major markets: the office market, the retail market and the vacation home market. 

        
Print   E-mail