18% increased the revenue and operating profit (Adjusted EBITDA) Premia Properties 2024 compared to 2023, according to today (4.4.2025) Company’s announcement real estate.
Specifically, Premia Properties’ profit from investment real estate sales amounted to € 1.5 million for 2024 for € 1.2 million for 2023.
Company’s tax profits were set at significantly higher levels influenced mainly by higher investment adjustments in fair value than previous use and increasing the value of investment in joint ventures and congenital companies of EUR 11.7 million.
It is worth noting that the company has 61 properties and 471 thousand sq.m. Managed buildings with the total investment value of EUR 497.8 million, increased by 62% compared to 2023.
In addition, it has sufficient dispersion of portfolio in terms of the type of property and employees and powerful efficiency indicators with the gross yield yield is 7.2% and the average weighted period of leases (Walt) to 9.9 years old.
In 2024 it has delivered important projects, addition of new properties and active portfolio management. The launch of the Green Office complex in Taurus housing the central services of AADE as well as the modern student halls in Xanthi. Add 11 new properties, with the highest transactions being acquired by two hotels in Rhodes and Crete, with a total capacity of 796 keys with the Nordic Leisure Travel Group (“NLTG”) and the modern real estate logistics of 11,301 sq.m. In Aspropyrgos, with the employee of Iron Mountain Hellas SA.
At the same time, he made selective sales of significant profits (Katerini, Santorini), as well as the utilization of existing real estate, with the launch of Pikermi’s property in Pikermi property, which will include office spaces and a 20 -year -old pharmaceutical company.
The company’s investment plan continues in 2025, with the main transactions being the acquisition of Semeli Estate, an office building in Thessaloniki with a tenant in the Greek Land Registry and a building in Larissa, which together with the buildings acquired in Volos and Xanthi are converted into a student.
In addition, the company has strategic partnerships with institutional associates and the completion of significant transactions. In January 2024 he signed a strategic collaboration with TEMES SA. In the winery industry, which is in the implementation phase, and in December 2024, Premia completed its first investment in the tourism industry through a Sale and Leaseback agreement with the NLTG group. As a crowning of the strategic cooperation with the NLTG group, the latter acquired 9.7% in Premia’s share capital.
Also, in collaboration with Sterner Stenhus, the Antetokounbos family and other private investors acquired the Village Shopping & More shopping center in Renti with the aim of creating a model Sports and Entertainment Center.
In December 2024, one of the largest real estate transactions of recent years in the Greek market was completed, which concerns the acquisition of 65% of Skyline Real Estate Single Member SA (“Skyline”) from the P&E Investments SA investment scheme with a 25% participation in The European Bank of Reconstruction and Development (“EBRD”). The Alpha Bank Group maintained 35% in Skyline.