The Greek Deal.com
TRASTOR
Investment property portfolio at €670.5 million
2024 was a year of strategic investments and remarkable growth for Trastor, with the company making key investments totalling €144.1 million, while the investment property portfolio reached €670.5 million.
Acquired a commercial building in Athens for €8.9 million
Trastor announced the acquisition of a commercial building with a total surface area of 4,570 sq. m. at the strategic location of 205 Alexandras Avenue, in Athens.
Joint bond loan agreement for €92,5 million.
Trastor announced the conclusion of a joint bond loan agreement for €92,5 million.
Acquisition of offices from Prodea with a total value of €69.19 million
Trastor announced the acquisition of a portfolio of office buildings owned by Prodea Investments, noting that these are three freestanding, high-visibility office buildings, fully leased under long-term leases.
Sold 2 commercial stores for a total price of €2.44 million
Trastor has sold 2 commercial stores with a total surface area of 190,39 sq.m., located at 6 Panagitsa Street, in the centre of Kifissia, Attica, for a total price of €2.44 million.
Why proceeded in a capital increase
There are three reasons why Trastor will proceed with a capital increase of €100 to €140 million in early 2025, as BnB Daily reports.
Investment portfolio exceeded €0.5 billion - 12.9% increase in revenues
Trastor Group's income from investment property leases for the first half of 2024 increased by 12.9%, amounting to € 14.2 million compared to € 12.6 million in the corresponding half of 2023.
Expands in Cyprus with the acquisition of the LABS Tower in Nicosia
Trastor has announced the acquisition of 100% of Excelsior Hotel Enterprises, owner of the LABS Tower in Nicosia, Cyprus.
Real estate portfolio increased to €536.4 million in the first half of the year
Trastor S.A. announced the strategic moves and investments for the first half of 2024 in a stock exchange announcement.
Acquires land for the construction of a storage centre - Advance of €12 million
Trastor has made a deal for the development of the largest logistics park in the country.
Increase in share capital due to conversion of bond loan
According to the company, Trastor increased its share capital by €19.7 million as a result of the convertible bonds' conversion, which Piraeus Bank fully funded.