Trastor expands its stake in Athenian main street property
Trastor expands its stake in Athenian main street property

Trastor expands its stake in Athenian main street property

With this acquisition the Company currently owns the entire 2nd, 3rd, 4th, and 5th floors.
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RE+D magazine
15.12.2020

Trastor REIC, announced the acquisition of the remaining 2nd floor of a listed building located at Filellinon & Othonos Str., at Syntagma Square, in the center of Athens.

Specifically, the acquisition concerns a horizontal ownership with total surface area of 161.11 sq.m.

The acquisition price of this property is €625,000 and it was financed by funds raised from the Share Capital Increase completed in June 2020.

With this acquisition the Company currently owns the entire 2nd, 3rd, 4th, and 5th floors.

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

“Trastor REIC continues to implement its investment strategy by adding to its portfolio a significant property of high addedvalue, and once more demonstrates its execution capabilities despite the challenging conditions.”