The Greek Deal.com
TRADE ESTATES S.A.
65.6% jump in revenues in the first nine months of the year
Trade Estates recorded a 65.6% jump in revenues to €30.26 million, adjusted EBITDA up 60.6% to €28.78 million, and a 55% increase in profit after tax to €9.18 million in the first nine months of the year.
Preliminary agreement with Lamda Development for the Retail Park
Lamda Development and Trade Estate have signed the notarial contract for the sale of the retail park within the commercial hub for a total price of €31 million.
Νet profit up 56.8% in the first half of the year, at €6.9 million
Trade Estates' total revenues amounted to €20.2 million in H1 2024 compared to €11.8 million (increased by 71.0%) compared to H1 2023.
The merger process of Rentis and Bersenco subsidiaries begins
Trade Estates has released the draft merger agreement and declared the start of the merger processes of its fully owned subsidiaries, "Rentis" and "Bersenco."
Profit up 35.4% in Q1 2024
Trade Estates recorded a 35.4% increase in net profit in the first quarter of 2024 and amounted to €3 million compared to €2.2 million in the first quarter of 2023.
Entered the share capital of Trade Estates
Jumbo entered the share capital of Trade Estates according to its CEO Apostolos Vakakis.
Completes the acquisition of Smart Park for €95.8 million
The acquisition value of the shares of Gyalou SA, owner and manager of the commercial park Smart Park, amounted to €95.8 million.
Expand their collaboration - New DEI blue hub at the Commercial Park of Larissa
DEI and Trade Estates S.A. are joining forces to promote electrification, starting with the creation of the largest DEI blue hub outside of Attica, at the Commercial Park of Larissa, which houses IKEA.