The real estate portfolio of TRADE ESTATES REIC comprises all the existing privately owned properties of the Fourlis Group.

The transaction has been financed through funds from Noval Property’s Green Bond.

Post September 2022, the Company further strengthened its portfolio by completing milestone transactions.

Rental income amounted to € 5,9 million compared to € 4,4 million in the corresponding period last year, marking an increase of 34%.

The total surface area is 54,000 sq.m. with total leasable area of 18,500 sq.m. on a land plot of 10,600 sq.m.

While the S&P 500 slid 21% year to date, REITs plunged 30%, per the MSCI US REIT Index. CNBC reports

The specific loan facilities relate to the construction of «MARE WEST» Retail Park in Corinth.

The Group's cash and cash equivalents on 30.06.2022 amounted to €18.116 million.

The company aspires to create the largest logistics hub in Northern Greece.