With a secured shot investment EUR 172 million by 2028, Trade Estates, planned by 2031, has acquired a portfolio value of 1 billion euros. At the same time, it is considering new acquisitions of either commercial parks or logistics in Bulgaria, and will soon announce a new investment in Crete.
Trade Estates, led by Dimitris Papoulis, runs four large projects by 2028, which will pave the way for further investment. Already, on April 30, the official inauguration of the first Top Parks of Heraklion will be inaugurated, while the company is planning a second in the same city, which is, however, at a particularly early stage.
At the same time, the company plans to evolve under the umbrella of Top Parks and its shopping malls in Thessaloniki and Larissa. However, the company’s commercial park in Elliniko is moving on, however, as its delivery has finally been transferred in 2028, as Lamda Development must first implement some necessary infrastructure.
In addition, the Logistics Center of the 50,000 -square -foot interikea, an investment of € 47.4 million is expected to be completed in late 2025. Finally, Kotsovolos’s project, which also provides for the creation of a 58,000 sqm logistics centers logistics centers. In Elefsina, despite the delays due to urban planning procedures, construction work is expected in the third quarter of 2025, with the aim of operation in late 2026 to early 2027.
The company recently sold the 30 acre plot next to Smart Park in Ten Brinke and, as Dimitris Papoulis said in yesterday’s analysts, it was agreed not to make an investment, which would be competitive with Smart Park, which would have new employees.
AEAP’s next goal is to expand abroad, as its head characteristically stated: “In Bulgaria we follow a different strategy. We only consider real estate in operation and do not want to get involved in urban planning or acquisition of land. The country’s introduction to the eurozone is expected to bring significant developments in the real estate market. In Cyprus, on the other hand, we will be involved in Greenfield Development, that is, we will invest in new projects from scratch. As for Romania, there is a great deal of interest in the logistics, but also on the retail trade, which have significant momentum. “
Trade Estates, as Mr Papoulis argued, today has a strong shareholding, which proves the vote of confidence in the company. Specifically, the Fourlis Group holds 47%, while the Family Office of the Latsi Group has increased its participation to 8.11%. Autohellas, by Eftichi Vassilakis (Aegean), also holds 13% of the company, and there are other strong foreign shareholders holding below 5%.
In turn, Vasilis Fourlis, President of the Fourlis Group, commented on the course of the Greek AEAPs: “They are negotiating with a larger discount than European interest rates. The main reason is the limited presence of foreign investors, which is attributed to two factors: the lack of real free float and the small size of the Greek companies in the industry. “
As he adds: “Foreigners can be more involved in AEAPs requires specific conditions: real free float, clear strategy, clean real estate portfolio and, above all, a larger scale in companies. The goal for the next four years is to reach 1 billion euros in order to make the industry attractive to foreign investors and boost our market position. “