BriQ expands investment focus to offices, logistics and hotels

With the value of its property portfolio now approaching €300 million, the REIC is assessing new investments across logistics, office properties and hotels, as well as selected opportunities in the retail sector.

During a conference call held to present its first-half 2026 financial results, the management of BriQ Properties revealed that its investment pipeline currently includes three projects, with a combined budget of approximately €20.8 million, at different stages of development.

The largest of the three projects involves the development of a new logistics facility in Aspropyrgos, with a total area of 7,829 sq m and an investment of €7.4 million. Completion of the project is scheduled for the third quarter of 2027.

Meanwhile, a light-industrial facility in Acharnes, representing an investment of €7 million, is currently at the permitting stage. In Paros, the company is progressing with a plan to expand an existing hotel property, with a total investment of €6.4 million. Both projects are expected to be completed in 2028. Capital of €12 million has already been committed to the three projects.

Beyond the projects already underway, BriQ Properties is engaged in discussions regarding uncommitted investment opportunities worth €83 million, significantly expanding the scope of its investment plans.

As the company’s Chief Executive Officer, Anna Apostolidou, noted, BriQ is considering both the development of new projects and the acquisition of existing properties. At the same time, the company is evaluating the potential for repositioning properties acquired through ICI, with the aim of improving their performance.

Retail is also on the company’s investment radar, with management considering, among other opportunities, properties occupied by supermarkets. However, management noted that this segment generates lower yields than BriQ’s portfolio average, which currently stands at 7.7%.

Financial Performance

Regarding BriQ’s financial performance, rental income remained stable at €10.7 million, despite the reduction in the number of investment properties following the sale of eight properties in 2025.

According to management, the rental income lost following these disposals was offset by annual indexation adjustments and amendments to existing lease agreements.

Adjusted EBITDA increased marginally to €9.1 million, while net profit, which also increased as previously noted, reached €6.8 million, corresponding to earnings of €0.145 per share.

Total borrowings of the real estate investment company remained at €106 million.

The company has entered into a total of five bond loan agreements, amounting to €21.5 million, under the Recovery and Resilience Facility framework.