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Alexander Group plc, through its Greek subsidiary, has acquired two commercial buildings in Thessaloniki, Greece for refurbishment and development with a significant profit anticipated. Management invested Euro 5,000,000 and secured bank facilities for both buildings.The Company now intends to leverage Alexander Greece's well established reputation and contacts both in the government and private sector and to expand its operations in Greece, the Balkans and the Middle East, with a particular emphasis on developments in Thessaloniki and Northern Greece in the commercial, residential and holiday homes market.