Two checkmate moves for Trastor to close the first half of 2024

In accordance with its strategic investment plans, the Company made the following significant investment decisions during the first half of 2024: 

Acquired 100% of the shares of two companies, owners of three modern commercial storage and distribution centers in Aspropyrgos, Attica, with a total surface area of 39,377 sq.m., for a total amount of €33.9 mn. 

Invested in the purchase of two new properties, a warehouse building with a total surface area of 17,015 sq.m., located in the industrial zone of Mandra, Attica, and an office building with a totalsurface area of 1,681 sq.m., located in Kolonaki, Attica, at a total cost of €13 mn. 

During the first half of 2024, the Company continued the construction of a modern, LEED certified, high-rise office building in Marousi, Attica, and a modern commercial warehouse (logistics) in Aspropyrgos, Attica, with a total budget of €19.9 mn. 

Furthermore, it proceeded with the upgrade program of two of its properties in Attica, a 14,669 sq.m. office building in Marousi, and a 5,329 sq.m. office building in the center of Athens, which will be BREEAM and LEED certified respectively, with a total budget of €14.1 mn. 

As of 30.06.2024, the Group’s investment property portfolio comprised 60 properties with a total fair value of €536.4 mn, compared to 55 properties with a total fair value of €468.7 mn as of 31.12.2023. 

The profit of the Company from fair value adjustments of its investment properties amounted to €11.7 mn for the first half of 2024. 

Trastor R.E.I.C. continues to strategically invest and upgrade its portfolio, strengthening its position in the real estate market.