Trastor purchases Grupo Dolphin's properties
Trastor purchases Grupo Dolphin's properties

Trastor purchases Grupo Dolphin's properties

Trastor REIC acquires majority stakes in 4 real estate investment firms.
RE+D magazine
08.03.2019

Trastor REIC announces the signing of a Sale and Purchase Agreement, under certain conditions precedent, for the acquisition of 100% of the shares of the following four companies:

i) the Societe Anonyme under the name "AGK 47 REAL ESTATE HOLDING COMPANY"("AGK47 SA"), ownerof anofficebuilding located at 47, Ag. Konstantinoustreetin Marousiwith a totalsurface area of 4,378.12 sq.m. Consideringthe value of the propertyowned, the totalassets and liabilities of AGK47 SA on the transaction date, the total acquisition cost of thisinvestment amounts to Euros5,102,014.

(ii)  the Societe Anonyme under  thecorporatename "KOUKOUNARIES  REAL  ESTATE  HOLDING COMPANY"("KOUKOUNARIES SA"), ownerof an office building located at 7, T. Kavalieratou streetin Kifissia, with a totalsurfaceareaof7,669.08 sq.m.Considering the value of the property owned,the total assets and liabilities of KOUKOUNARIES SA on thetransactiondate, the totalacquisition cost of this investment amounts to Euros4,467,526.

(iii) the Societe Anonyme under the corporate name "MANTECOL REAL ESTATE HOLDING COMPANY"("MANTECOL  SA")  ownerof an  office  building located at  the  junction  of  Kritis  &  Gravias  streets  in Argyroupoli,with a total surface area of 1,720.02 sq.m. Considering the value of the property owned, the total assets and liabilities of MANTECOL SA on thetransaction date, the total acquisition cost of thisinvestment amounts to Euros952,605.

(iv) the Societe Anonyme under the corporate name "ΒΣ94 REAL ESTATE HOLDING COMPANY"("VS94 SA"), ownerof an office building located at 94, VasilisisSofias Avenue in Athenswitha total surface area of 7,868.51 sq.m.  Considering the value of the property owned, the total assets and liabilities of VS94  SA on the  transactiondate,  the  totalacquisitioncost  of  thisinvestment  amounts  to Euros17,277,855.