Control Trading estatesfrom Furlis Group. To this end, the company will continue to invest in commercial parks, where it is strategically located, as well as in real estate logistics.

In its first full financial year, 2022, Trade Estates’ rental income rose by 184.2% to €18.9m, up from €6.7m in 2021, but six months later, as the process of establishing the company is still was not completed. previously. According to the management of the company, this increase is also due to the integration of rent from new investments added to the portfolio of retail properties, such as the Florida 1 commercial park in Pylaea, Thessaloniki and the new commercial park acquired by the company at the intersection of Piraeus Street. and Kifisu street.

Accordingly, net income was EUR 24 million compared to EUR 7.8 million, driven both by an increase in operating EBITDA and a real estate revaluation gain to fair value. In particular, reported earnings were €13.6 million compared to €3 million in 2021, while Adjusted EBITDA increased by 150% to €14.8 million compared to €5.9 million in 2021. According to the company, the portfolio returned 7.3% and had an internal book value of EUR 210.9 million, or EUR 2.41 per share, up 14.1% from the end of 2021. The proposed dividend is €0.11 per share.

During 2022, Trade Estates made a number of important investments, resulting in a portfolio of 10 commercial properties at the end of the year with a total area of ​​255,798 sq.m. and a total cost of 288.7 million euros. He is also 50% involved in four real estate projects (with a current valuation of 11.1 million euros). Among them are projects for the construction of commercial parks in Spata (near Smart Park), Patras and Heraklion in Crete. Trade Estates is also starting to develop a 30,000 sq.m. commercial park. on the territory of the former airport in Elliniko.