During a press briefing, Premia Properties REIC Chairman Mr. Ilias Georgiadis announced that the company will proceed with its investment program, backed by the upcoming share capital increase, which will take place from July 21 to July 23, 2025. The capital raise targets up to €40 million, with a subscription price of €1.30 per share. Proceeds from the issuance will be deployed primarily to fund the company's strategic growth in the student housing segment.
Mr. Georgiadis noted that student housing represents a "personal strategic priority", and by September 2026, Premia expects to have developed and operate 900 purpose-built student accommodation (PBSA) units under the Unity Smart Living brand.
Premia’s management highlights that the student accommodation sector exhibits strong underlying fundamentals and is a core strategic pillar for the company. The objective is to upgrade student living through modern infrastructure, high-quality facilities, and integrated services.
More specifically, by September 2025, Premia is expected to complete and deliver a student housing complex of 50 apartments in Volos, along with projects of similar scale in Larissa and Xanthi.
Beginning in September 2026, the development pipeline includes:
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35 units in Rhodes
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35 units in Xanthi
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80 units in Volos, at the well-known “Tachydromos” property, acquired for €1.7 million through a competitive tender process from ETAD
In addition, in Patras, a major university city, Premia plans to develop 140 new student housing units, with the agreement expected to be finalized soon. The company also intends to redevelop a legacy asset in Kaisariani, converting it into 120 modern student apartments.
Hospitality Sector Expansion
In parallel with its core portfolio of retail, office, and industrial assets, as well as holdings in education and agri-tourism (wineries and vineyards), Premia is making a strategic entry into the hospitality sector.
The company currently owns hospitality assets in Rhodes and Crete, including the Sunwing Hotels, and recently signed a definitive agreement to acquire a hotel in Gran Canaria (Canary Islands) from the North Leisure Travel Group (NLTG). The deal is valued at €64 million and includes a 20-year triple net lease (NNN), providing annual net rental income of €4.65 million.
According to Mr. Georgiadis, this acquisition substantially scales the company’s exposure to hospitality real estate and is expected to have a positive impact on recurring earnings and net operating income (NOI). The acquisition will be financed through debt raised from a Greek banking institution.
Furthermore, following the acquisition of adjacent land at the Rhodes hotel site, where a new hospitality development is being planned, Premia is engaged in ongoing discussions for additional hotel investments on a Greek island.
Capital Increase Fully Backed by Anchor and Existing Investors
Premia has confirmed that the share capital increase is fully covered, with strong participation from both new anchor investors and existing strategic shareholders.
New Anchor Investors:
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Georgios Daskalakis – €5 million
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GFI Ltd – €3.3 million
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ANIKA S.A. – €3 million
Existing Shareholders Committed to Participate:
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Sterner Stenhus Greece AB – €8 million
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Fastighets AB Balder – €12 million
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Petter Stordalen (via an NLTG Group entity) – €6.5 million
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NOE Metal Constructions S.A. – €500,000
The capital injection will strengthen Premia’s capital structure, enhance its liquidity position, and support the company’s continued expansion in high-conviction real estate verticals.
