Trastor announces the signing of a share purchase agreement for the acquisition of 100% of the shares of a company with the trade name “KYNOURIA KTIMATIKI MONOPROSOPI ANONYMI ETAIREIA”.

The aforesaid company owns offices spaces, including storage and parking spaces, with a total surface area of 7,261sq.m., erected in a business center under the name “POLITEIA BUSINESS CENTER”, at 109 111 Mesogeion Avenue, in Athens. 

The total consideration for the acquisition of the shares amounted to €20.4 million and is equal to the net asset value of the acquired company at the time of closing.

Mr. Tassos Kazinos, Chief Executive Officer of the Company, made the following statement:

"We are proud to close out the year with another significant investment for our company. We remain at the forefront of active investors in the Greek real estate market and are committed to building one of the largest and best quality real estate portfolios in the country.

Today, we have invested in another asset of size, quality, and visibility which is fully leased to the main natural gas distributor in Greece and belongs to one of the leading energy groups in Europe.

As previously announced, Trastor is proceeding with a capital increase of €75 million. These funds will be used to finance investment agreements that the company already has and will conclude in the office and logistics sectors in the coming year.

These investments will incorporate all modern sustainability features, improving productivity, health, and safety of their users.

With the unwavering support of our major shareholder, Piraeus Bank, the company is ready to leverage the country's positive economic conditions, address exogenous international challenges, and continue its investment plan unimpeded, further strengthening its leading position in the Greek real estate market".