Aimed at dispersing her Disorder To reach 15%, Tasos Casinos CEO CEO said, during yesterday’s (28.3.2025) general meeting, that the EUR 120 million share capital increase (AMK) would be completed at the end of July.
At the same time, Trastor AEAP continues to target green offices and logistics in prime areas, targeting a 1 billion -euro portfolio.
In 2024, as Mr Casinos argued, it was the most mobile “player” among real estate investment companies (AEAP), as a total of € 154.4 million was invested for new real estate markets and an additional € 20.3 million for new developments and upgrades of existing buildings.
Thus, at the end of 2024, the investment portfolio stood at 62 properties, totaling € 670.5 million, increased by 43% from 468.7 million euros at the end of 2023 and involved 55 properties.
“Our investment strategy focuses on quality real estate and targeted positions, with a focus on professional real estate and offices, which make up 75% of our portfolio. We invest in high quality buildings in privileged locations, but also in large, single properties that allow us to better manage lease. At the same time, we are particularly emphasizing green investments, where full property ownership is critical to the long -term growth and sustainable performance of our investments, “said the head of AEAP.
The company has a significant presence in Green Offices in Marousi and the center with powerful employees. Specifically, it has already completed the renovation of the property that formerly hosted Bayern and the Fourlis Group and has entered into agreements to rent the property to three companies: Hellas Direct Insurance, the Swiss multinational Mercuria Energy Group and Protergia.
In addition, the building located at the intersection of Himarra and Maroussi-Chalandri streets in Maroussi has already been leased to OpenBet. However, the remaining 60% of the complex remains available for rent.
Trastor also has an extensive real estate portfolio in downtown Athens. One of them is the listed building at 7 Herakleitou Street in Kolonaki, with a total area of 1,681 sq.m. The property is to be converted into a modern office building with green certification.
At the same time, work on the reconstruction of the building at 94 Vasilissis Sofia Avenue is in full swing. The independent electricity transfer manager (ADMIE) will be the tenant of the property, which will be converted into a modern, viable office complex.
The trastor share capital growth process is scheduled to be completed by the end of July, at the same time as the announcement of the six -month financial results. As Mr Casinos said, after Easter, the company will carry out a roadshow for Greek institutional investors to evaluate market dynamics. The newsletter is expected to be deposited in May, followed by the Audit procedure by the Securities and Exchange Commission.
In terms of the development of its portfolio, Trastor currently has a total of € 670 million. The acquisition of a large logistics center in Greece, an area of 75,000 sqm, is underway, which is leased to Sklavenite. The transaction, worth up to EUR 85 million, is expected to be completed by the end of the year, and part of the funding will come from the forthcoming capital increase.
With the addition of this property, the total value of the company’s portfolio will reach € 800 million. At the same time, with additional leverage of 120m euros, Trastor estimates that its total investment will exceed € 1 billion by 2026.
Regarding the financing of capital growth, the company expects Piraeus Bank’s participation, which is estimated to cover 50% of the required amount, ie approximately 60m euros. The remaining amount will be sought by Greek institutional investors and individuals.
In addition, Trastor plans to distribute dividend to its shareholders, with the estimated performance of € 0.03 per share.