Acquisition of two commercial retail properties in Glyfadafor €7.5M
Acquisition of two commercial retail properties in Glyfadafor €7.5M

Acquisition of two commercial retail properties in Glyfadafor €7.5M

The acquisitions of the two properties were financed through funds raised by the Share Capital Increase completed in August 2019
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RE+D magazine
01.10.2019

TRASTORREIC (the “Company”), following the General Shareholders Meeting approval granted on 09.05.2019, announces the acquisition of two retail properties ofexcellent visibility and accessibility,located in the center of Glyfada, at Grigoriou Lampraki str. and Aggelou Metaxastr.

 

Specifically,  the  Company acquired  a  retail unitwith a  totalsurfacearea of  550sq.m.  The  property consists of basement, ground floor and mezzanine,and is fully let. The acquisition price is €5,630,00.Additionally, the Company acquired a retail unit with a total surface area of 207 sq.m. The property consists ofbasementand ground floorand is fully let.The acquisition price is €1,905,000.

The  acquisitionsof  the  two  properties  were  financed  through funds  raised  by  the  Share Capital Increase completed in August 2019.

Tassos  Kazinos,  CEO  of  the  Company,  made  the  following  statement:“Today  we  concluded  a €7,535,000 transaction by acquiring two properties situated at the most commercialretail high-street ofGlyfada. With clear vision and obj