In accordance with its strategic investment plans, the Company made the following significant investment decisions during the first half of 2024:
Acquired 100% of the shares of two companies, owners of three modern commercial storage and distribution centers in Aspropyrgos, Attica, with a total surface area of 39,377 sq.m., for a total amount of €33.9 mn.
Invested in the purchase of two new properties, a warehouse building with a total surface area of 17,015 sq.m., located in the industrial zone of Mandra, Attica, and an office building with a totalsurface area of 1,681 sq.m., located in Kolonaki, Attica, at a total cost of €13 mn.
During the first half of 2024, the Company continued the construction of a modern, LEED certified, high-rise office building in Marousi, Attica, and a modern commercial warehouse (logistics) in Aspropyrgos, Attica, with a total budget of €19.9 mn.
Furthermore, it proceeded with the upgrade program of two of its properties in Attica, a 14,669 sq.m. office building in Marousi, and a 5,329 sq.m. office building in the center of Athens, which will be BREEAM and LEED certified respectively, with a total budget of €14.1 mn.
As of 30.06.2024, the Group's investment property portfolio comprised 60 properties with a total fair value of €536.4 mn, compared to 55 properties with a total fair value of €468.7 mn as of 31.12.2023.
The profit of the Company from fair value adjustments of its investment properties amounted to €11.7 mn for the first half of 2024.
Trastor R.E.I.C. continues to strategically invest and upgrade its portfolio, strengthening its position in
the real estate market.
