Trade Estates is expected to be listed in ATHEX within 2022
Trade Estates currently has properties worth € 190 million and a purchase and development program of around € 250 million.
Trade Estates, the real estate investment arm of Fourlis Group, is expected to emerge as a key palyer in the Greek REIC sector.
The company's management during a presentation of its financial results to market analysts, unveiled that the REIC is paving the way to be listed in Athens Stock Eschange; a process that is progressing rapidly and is planned within 2022.
The company, as it was underlined by both the President of the group Vassilis Fourlis and the CEO Apostolos Petalas is the only Greek REIC that specializes in the part of the multichannel approach (omnichannel) in terms of retail, but also in "big boxes "real estate.
In fact, Mr. Petalas emphasized that the strategic goal of the REIC is to remain dominant in these sectors and of course in the Logistics sector in the coming period by doubling the value of the portfolio.
In addition to the existing real estate but also the new developments of the group, Trade Estates will enter into agreements for the acquisition of properties outside the group.
Trade Estates currently has properties worth € 190 million and a purchase and development program of around € 250 million, aspiring to play an important role in Greek real estate.
The management also referred to the entry of the group in the big project of Lamda Development in Elliniko, in which an investment of € 55 million is foreseen in a period of three years.
One of the big boxes in the retail sector that will operate in the new commercial destination in the southern suburbs of Attica, will be a medium-sized IKEA, with a total area of 10,000-12,000 sqm and a large Intersport store.