Through selective acquisitions, active portfolio management, and upgrades of landmark properties aligned with sustainability standards, TRASTOR continues to strengthen its presence in the Greek market for quality office and logistics real estate—one of the most dynamic sectors in Southern Europe.
During the first half of 2025, the company made strategic moves to enhance and upgrade its portfolio. It acquired two properties in central Athens: an office building in Ampelokipi and a retail store near Syntagma Square, for a total cost of €9.8 million, boosting its presence in one of the city’s most dynamic commercial hubs. Additionally, TRSATOR completed construction of a new office building in Maroussi with investments totaling €4 million, with most leasable spaces already rented, ensuring immediate income. Renovation and energy efficiency upgrades were also carried out on iconic office buildings at Vasilissis Sofias 94 and Iraklitou 7 in Kolonaki, with a total investment of €2.1 million, enhancing the quality and sustainability of the properties.
Financial performance was impressive, with rental income rising to €19.2 million, up 34.5% compared to the same period in 2024. Adjusted EBITDA reached €13.1 million, up 41.8%, while operating earnings (EPRA Earnings) surged to €3.2 million from €0.7 million, a 374.2% increase. The value of the real estate investment portfolio rose to €697.3 million from €670.5 million, and total assets stood at €733 million. Equity increased to €390.8 million, and the loan-to-value ratio (LTV) improved to 47.1% from 49.3%. Net Asset Value per share (NAV/share) rose to €1.597.
After the first half, TRSATOR continued its growth with significant acquisitions, including full ownership of a modern, fully leased office building in central Athens expected to receive LEED green certification. Additionally, by the end of 2025, TRSATOR plans to complete the acquisition of one of Southeastern Europe’s largest and most modern logistics centers, covering 75,000 sqm in Aspropyrgos. These transactions are expected to push the portfolio’s value beyond €800 million by year-end, with annualized group revenues approaching €50 million, further strengthening TRASTOR’s position in the real estate market.
