A second storage and distribution building of 19,236 sq.m. is currently under construction. in the Logistics Park of Aspropyrgos, which is expected to be delivered in the 3rd quarter of 2024. The construction cost for phase a of the project, which includes 14,759 sq.m. of the original license amounts to €7,969,000.
Expansion of the hotel complex in Paros on a neighboring plot with the construction of a complex of 12 suites and the increase of the hotel's capacity to 61 rooms and suites with a total construction cost of €1,100,000 The project is expected to be completed in 2024
Construction of a new office property of 2,424 sq.m. with LEED GOLD certification on 42 Posidonos Avenue in Kallithea which will be partially financed by the Recovery and Resilience Fund.
The value of the company's portfolio of 26 properties, which was valued at €137 million on 31.12.2022, will increase to approximately €200 million with the acquisition of ICI's 17 properties, while their total value is expected to reach €250 million. approximately, following completion of the merger.
BriQ Properties REIC rental income in the first quarter of 2023 they amounted to €2.21 million, showing a 15% increase compared to the corresponding revenues a year ago.
The above increase is mainly due to the leasing of the extension of the Logistics Park in Aspropyrgos, as well as the readjustment of the existing leases which are linked to the Consumer Price Index.
Adjusted net profit after taxes amounted to €1.18 million, compared to €1.22 million in the corresponding period last year, showing a decrease of -3.7%.
