Premia REIC, under the leadership of CEO Kostas Markazos, continues to build on its successful investment model that has positioned it at the forefront of the student housing sector in Greece. The company aims to develop approximately 2,000 student rooms over the next three years, further expanding its specialized portfolio in a high-demand segment.
Most recently, Premia set its sights on the city of Volos, where it emerged as the winning bidder in an open e-auction conducted by the Hellenic Public Properties Company (HPPC). The property, located at 133A Antonopoulou Street in the city center—locally known as “Tachydromos”—was acquired for €1.7 million. The transaction is expected to be completed within the third quarter of 2025. The seven-story building, with a total built area of 3,076 square meters, is slated for redevelopment into modern student residences.
Currently, Premia owns four student housing properties in Athens, Thessaloniki, Patras, and Xanthi, and is in the process of acquiring additional assets in Rhodes and Larissa, which are expected to be operational in the coming year. According to Mr. Markazos, the company has already secured more than 500 student rooms. “The student housing sector is showing strong momentum. We assess all costs on a city-by-city and per-square-meter basis,” he noted in an interview with ered.gr, adding that in some cases, the operating partner may absorb the furnishing costs.
Premia places strong emphasis on providing high-quality amenities for students, including safe, comfortable, and technologically advanced living environments that adhere to strict modern standards.
Looking ahead, the company aims to double the value of its real estate portfolio to €1 billion over the next three to five years, up from approximately €500 million today. To support this growth, Premia will proceed with a share capital increase of up to €40 million in cash between June 25 and June 30, 2025, further strengthening its financial base.
In terms of financial performance, the company reported a robust first quarter for 2025, with revenues reaching €8.2 million, up from €4.6 million in the same period last year. Adjusted EBITDA rose to €4.9 million from €2.3 million, while pre-tax profits climbed to €2.9 million from €800,000. For the full year, management expects consolidated revenues between €34 million and €35 million, and Adjusted EBITDA between €22 million and €23 million.
