
Trastor S.A. announced its Statement of Investments for the 31st of December 2024. In particular, as noted in the announcement, the company continues to strengthen its dynamic presence in the real estate sector by investing strategically and exploiting new opportunities, demonstrating its firm commitment to targeted and qualitative growth of its portfolio. 2024 was a year of strategic investments and remarkable growth, with the company making key investments totalling €144.1 million, focusing on the acquisition and development of important properties, the sustainable upgrading of existing infrastructure and the acquisition of real estate subsidiaries. Through targeted moves, it expanded its portfolio, launched its presence in abroad, and secured significant added value for its shareholders.
LOGISTICS
In the logistics sector, it incorporated five new properties into its portfolio, with a total surface area of 65,954 sq.m., with a total investment of €33.9 million. In particular, it proceeded with the acquisition of three state-of-the-art commercial warehousing and distribution centers in Aspropyrgos, Attica, with a total surface area of 40,134 sq.m, through the acquisition of 100% of the shares of two joint stock companies, for a total investment of €24.1 million. In addition, it acquired a warehouse building with a total surface area of 17,016 sqm in the industrial zone of Mandra, Attica, for a total price of €7 million, and completed the construction of a new warehouse with a total surface area of 8,705 sqm, with LEED GOLD certification, in Aspropyrgos, Attica.
International development was another strategic axis, with the establishment of "TRASTOR SYMBOTOXON M.A.E." based in Greece, which subsequently acquired 100% of the shares of the Cypriot company "EXCELSIOR HOTEL ENTERPRISES LIMITED," owner of the iconic LABS Tower in Nicosia, Cyprus, a mixed-use office and residential property with a total surface area of 11,378 sq.m. and a fair value of €40 million on 31.12.2024.
In addition, the company's portfolio was significantly upgraded with the acquisition of four new office buildings with a total surface area of 41,035 sq.m., for a total consideration of €75 million. At the same time, the Company proceeded with efficient asset management, completing the sale of two commercial stores in Kifissia for a total consideration of
a total sale price of €2.4 million.
Important actions were also taken in the area of real estate development, as the company, after completing the upgrade of an office building in Maroussi, which will soon receive BREEAM certification, is continuing the construction of a modern office building in Maroussi, as well as the energy upgrade of a 5,330 sqm office building in the center of Athens.
In addition, it is planning the energy upgrade of a newly acquired office building of 1,692 sqm in Kolonaki, for which work will start soon. These properties will receive LEED certification upon completion of the works. The total budget of the above amounts to €30.1 million, confirming the Company's commitment to continued sustainable development.
At 31 December 2024, the Group's investment property portfolio comprised 62 properties with a total valuation of €670.5 million, an increase of 43% compared to the previous year. The revaluation of the properties at fair value resulted in a gain of €23.4 million for 2024, confirming the company's strong performance. The portfolio breakdown was 58% office space, 20.3% logistics, 11.9% mixed-use, and 9.8% retail.
Mr. Tasos Kazinos, CEO of the Company, said: "2024 was a milestone year for Trastor, with strategic investments that not only expanded our portfolio but also expanded our business outside Greece.
shaping a resilient and dynamic business future. The company continues to invest dynamically in green properties, reinforcing its commitment to sustainable growth while consolidating its leadership position in the logistics sector. We remain committed to our strategy of creating long-term value for our shareholders and establishing Trastor as the investment choice for both institutional and retail investors seeking stable and reliable returns in the real estate sector."