The transactions mark Hines’ strong conviction in the logistics sector focused on quality assets

The company's plan to expand in 50 cities worldwide by 2025.

The transaction completes the procedure for the redemption two years earlier.

AVAX SA was declared as project's contractor.

The completion of the transaction is subject to certain conditions precedent to be fulfilled, inter alia, its approval by the Hellenic Competition Authority.

Adjusted a-EBITDA rose by 76.9%, reaching €230.7million versus €130.4million for the respective priorperiod.

EBITDA in 9M’22, 67% increased vs 9M’21