The commercial real estate company Trade Estates of the <a href="https://www.archyde.com/patras-the-shopping-center-is-being-transformed-how-expensive-rents-are-wiping-out-local-businesses-2024-03-08-224026/" title="Patras: The shopping center is being transformed – How expensive rents are wiping out local businesses
– 2024-03-08 22:40:26″>Fourlis Group, owner of the IKEA shopping park, which is currently being built on the Dymaion Coast by Ten Brinke Hellas, has been attracting a lot of investment interest in recent weeks.
Trade Estates is on the doorstep of the Stock Exchange, with the IPO taking place from 1st to 3rd November and the company’s shares trading from 8th November.
AEEAP has an investment plan of 292 million euros until 2027, targeting commercial parks and logistics centers. Among them is the commercial park under construction on the Dymaion Coast of Patras (formerly ABEX), a project with a budget of 27 million euros, included in the Recovery Fund, which will host the city’s IKEA and up to 7 retailers and will open its doors in the 2024, as it is already at 60% of its construction.
The new commercial park will be developed in areas of 20,000 sq.m., of which the leasable area will be 13,900 sq.m.
Fourlis currently directly owns 28.72% of Trade Estates and indirectly, through its subsidiaries, 55.21% of the shares, while it is worth noting that some of the largest business groups in Greece and SE Europe are also involved, such as Latsco Hellenic Holdings of the family of Marianna Latsis and Autohellas, headed by Eutychis Vassilakis, president of Aegean Airlines and Olympic Air.
During the presentation of the company’s investment plan, the group’s president, Vassilis Fourlis, highlighted the strategic partnerships resulting from the development of commercial parks and logistics areas in Greece, Cyprus and Bulgaria.
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#giants #investing #Patras
Trade ESTATES investor relations
Table of Contents
Trade Estates REIC: A Rising Star in Commercial Real Estate
Trade Estates REIC, a Greek-based company, has been making waves in the commercial real estate sector, attracting significant investment interest in recent weeks. As a real estate investment company (REIC), Trade Estates primarily invests in commercial properties for leasing purposes [[1]]. The company’s shares are set to trade on the Stock Exchange from November 8th, following an initial public offering (IPO) from November 1st to 3rd [[2]].
Investment Plan and Growth Prospects
Trade Estates has an ambitious investment plan in place, with a focus on commercial parks and logistics centers. The company aims to invest €292 million by 2027, with several projects already underway. One of the most notable projects is the commercial park being built on the Dymaion Coast of Patras, which will host IKEA and up to 7 retailers. The project, with a budget of €27 million, is included in the Recovery Fund and is expected to open its doors in 2024 [[3]].
The Dymaion Coast Commercial Park
The new commercial park, developed on an area of 20,000 sq.m., will have a leasable area of 13,900 sq.m. The project is already 60% complete and is expected to be a major hub for commercial activity in the region. Trade Estates’ investment in this project demonstrates its commitment to developing high-quality commercial properties that meet the needs of leading retailers like IKEA.
Fourlis Group’s Stake in Trade Estates
The Fourlis Group, a prominent player in the Greek business landscape, has a significant stake in Trade Estates. The group directly owns 28.72% of Trade Estates, while its subsidiaries hold an additional 55.21% stake. This partnership is expected to drive growth and development in the commercial real estate sector.
IPO and Future Prospects
Trade Estates’ IPO, priced between €1.92 and €2.13 per share, aims to raise capital of €56.9 million. The company’s listing on the Stock Exchange is expected to increase transparency and liquidity, making it an attractive investment opportunity for investors [[3]]. With its solid investment plan and growth prospects, Trade Estates REIC is poised to become a major player in the Greek commercial real estate market.
Conclusion
Trade Estates REIC’s recent developments and investment plans make it an exciting company to watch in the commercial real estate sector. With its strong partnership with the Fourlis Group and its focus on high-quality commercial properties, the company is well-positioned for growth and success. As Trade Estates lists on the Stock Exchange, investors are likely to take notice of this rising star in the Greek commercial real estate market.
Trade ESTATES investor relations
Trade Estates REIC: A Rising Star in Commercial Real Estate
Trade Estates REIC, a Greek-based company, has been making waves in the commercial real estate sector, attracting significant investment interest in recent weeks. As a real estate investment company (REIC), Trade Estates primarily invests in commercial properties for leasing purposes [[1]]. The company’s shares are set to trade on the Stock Exchange from November 8th, following an initial public offering (IPO) from November 1st to 3rd [[2]].
Investment Plan and Growth Prospects
Trade Estates has an ambitious investment plan in place, with a focus on commercial parks and logistics centers. The company aims to invest €292 million by 2027, with several projects already underway. One of the most notable projects is the commercial park being built on the Dymaion Coast of Patras, which will host IKEA and up to 7 retailers. The project, with a budget of €27 million, is included in the Recovery Fund and is expected to open its doors in 2024 [[3]].
The Dymaion Coast Commercial Park
The new commercial park, developed on an area of 20,000 sq.m., will have a leasable area of 13,900 sq.m. The project is already 60% complete and is expected to be a major hub for commercial activity in the region. Trade Estates’ investment in this project demonstrates its commitment to developing high-quality commercial properties that meet the needs of leading retailers like IKEA.
Fourlis Group’s Stake in Trade Estates
The Fourlis Group, a prominent player in the Greek business landscape, has a significant stake in Trade Estates. The group directly owns 28.72% of Trade Estates, while its subsidiaries hold an additional 55.21% stake. This partnership is expected to drive growth and development in the commercial real estate sector.
IPO and Future Prospects
Trade Estates’ IPO, priced between €1.92 and €2.13 per share, aims to raise capital of €56.9 million. The company’s listing on the Stock Exchange is expected to increase transparency and liquidity, making it an attractive investment opportunity for investors [[3]]. With its solid investment plan and growth prospects, Trade Estates REIC is poised to become a major player in the Greek commercial real estate market.
Conclusion
Trade Estates REIC’s recent developments and investment plans make it an exciting company to watch in the commercial real estate sector. With its focus on commercial parks and logistics centers, the company is well-positioned to capitalize on the growing demand for high-quality commercial properties in Greece and Southeast Europe. As the company continues to execute its investment plan, it is likely to attract significant investment interest and drive growth in the region.
