TRASTOR purchases high street retail store
TRASTOR purchases high street retail store

TRASTOR purchases high street retail store

The acquisition price is € 2.5M.
RE+D magazine
15.10.2018

TRASTOR REIC announces the acquisition of a retail store at the commercial high street of Voukourestiou, in the center of Athens.

The unique location of this property, at the junction of 24 Voukourestiou Str. & 4 Valaoritou Str., has a total surface area of 138 sq.m. and is fully let.

The acquisition price is € 2.5M.

Mr. Tassos Kazinos, Chief Executive Officer of the Company, made the following statement:

"We  are  particularly  pleased to  complete  the acquisition  of  this  property, located  at  the  prestigious street of Voukourestiou. Firstly, we incorporated in our portfolio a retail store at a unique location, in one of the most commercial streets of Athens. Secondly, because of this acquisition Trastor's gross asset value (GAV) exceeded the € 100M target, as per the Company’s investment plan adopted in 2017.

With emphasis  on growth,  we  implement  our  targeted investment strategy,  creating  value  for  our shareholders and for the society."