Trade Estates looking for quality commercial real estate and warehouses
Trade Estates REIC states that it is ready to "claim" quality commercial real estate in the retail sector, as well as warehouses, in order to enrich its existing portfolio.
The Fourlis group aims to maximize the total returns on its assets.
The company of the Fourlis group, according to a recent presentation,
states that it will develop the portfolio consisting of the properties
of the group's subsidiaries with retail assets from the market but also
warehouses, to serve the growing e-commerce trend.
Among other things, the Fourlis group aims to maximize the total returns
of its assets, the consolidation of privately owned properties and the
management and rationalization of tax planning.
It is noted, finally, that the REIC, which has received the relevant
license from the Hellenic Capital Market Commission since 2019, is in
the final stage of its establishment, by entering the stock market in
the long run, when the conditions are deemed suitable for such a move.
The current gross value of the REIC is € 184.7 million.
Its real estate portfolio includes the four properties that house IKEA
stores (in Athens, Thessaloniki, Bulgaria and Cyprus), the group's
supply chain center in Schimatari, the group's old wholesale warehouse
in Oinofyta with an area of 25,000 sq.m., and the property in the area
of Renti (on Piraeus Street), which is currently rented by, among
others, the chains "Kotsovolos", Lidl, Jysk and "Diafano".
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