Specifically, the funds raised to be invested, amounting to € 47.4 million (after deducting issuance costs and other expenses), financed the implementation of real estate from all sectors of Greek real estate such as offices, stores, plots, hotels, logistics and specia purpose properties.
More specifically, on October 16, 2019, the listed company bought offices at 3 Mitropoleos Street in Athens, while a few days later, on October 29, it completed the acquisition of a Store in Rhodes. In November, the listed company acquired a plot of land in Naoussa, Paros, Offices on 280 El. Venizelou in Kallithea and mixed use building (Offices with ground floor store) at 67 Aiolou Street in Athens. In December 2019, it "closed" the year with the acquisition of a special purpose property on 64 Vas. Sofias Avenue in Athens.
BriQ made two acquisitions in February 2020, namely a store in Rethymno and the Mr & Mrs White Corfu Hotel in Corfu. In the midst of the outbreak of the coronavirus pandemic and shortly before the lockdown, the company acquired another hotel on March 3, 2020, the Plaza Hotel Skiathos, in Skiathos. In June of the curent year, the company "betting" on the growing and dynamic sector of industrial real estate acquired plots of total area 57,529 sq.m. in Aspropyrgos, while last November it added to its portfolio an additional 27,390 sq.m. of plots in the same area.Additionally, on December 14, it announced the big agreement with Sarmed Warehouses SA, for the acquisition of 80% of its shares, now having a total investment of € 49.25 million.
Finally, it is worth noting that the company, in accordance with the decision of the Ordinary General Meeting of Shareholders dated 30.03.2020 on the partial change of use of the raised funds, used in April 2020 part of the raised funds (€ 12.6 million) for repayment of an existing loan. These amounts were resumed with newer borrowing in December 2020, to complete the above mentioned acquisitions.
