Trastor S.A. announced the strategic moves and investments for the first half of 2024 in a stock exchange announcement.

In particular, as noted:

Acquired 100% of the shares of two joint stock companies, which own three modern commercial storage and distribution centers in Aspropyrgos, Attica, with a total surface area of 39,377 sq m, allocating €33.9 million.

Invested in the purchase of two new properties, a warehouse building with a total surface area of 17,015 sqm, located in the industrial zone of Mandra, Attica, and an office building with a total surface area of 1,681 sqm, located in Kolonaki, Athens, at a total cost of €13 million.

During the first half of 2024, the company continued the construction of a modern, LEED-certified, high-rise office building in Maroussi, Attica, and a modern commercial warehouse (logistics) in Aspropyrgos, Attica, at a total cost of €19.9 million.

At the same time, it proceeded with the upgrade programme of two of its properties in Attica, a 14,669 sqm office building in Maroussi and a 5,329 sqm office building in central Athens, which will be BREEAM and LEED certified, respectively, with a total budget of €14.1 million.

As of June 30, 2024, the Group's investment property portfolio comprised 60 properties with a total valuation of €536.4 million, compared to 55 properties valued at €468.7 million as of December 31, 2023.

The revaluation of the above investment properties of the Group at fair value resulted in a gain of €11.7 million for the first half of 2024.