New investments in the sectors of office buildings, wineries and, of course, where the company has already developed a significant presence in recent years – logistics, service apartments, industrial facilities and social infrastructure buildings – for 2023 are launched by the management of Premia Properties AEEAP. The listed company has developed a diversified real estate portfolio, with total investment value reaching €273 million at the end of 2022, up 37% from 2021. At the same time, it also has cash reserves of 48 million euros. , which allow you to implement an investment program without resorting to bank loans, which will significantly burden financial costs.

“In 2023, our personal bet, in addition to the further development of the company, of course, is the reconstruction of the Athens Heart shopping center and its transformation into a modern office building with bioclimatic features and LEED certification. This will be a total investment of 50 million euros.” Mr. Konstantinos Markasos reports to “K”., Managing Director of Premia Properties AEEAP. Athens Hart was acquired by Premia last year as part of an agreement with the National Bank. At the same time, an adjacent piece of land was acquired, which will also be used for the development of additional purposes (eg catering) to the office building being created. The registered company is currently in the process of issuing building permits. Another area that the company’s management will focus on is the promotion of the energy retrofit of suitable existing Premia facilities, as well as the use of the group’s facilities to be developed.

In 2022, the company’s net profit after taxes was 15.9 million euros.

Also worth mentioning is Premia’s participation in Project Skyline, which is expected to generate significant and regular income on an annual basis. The listed company participates with 16.25% in the company, which will take over the operation of the property to be transferred, a significant part of which will be income.

In 2022, Premia Properties increased its revenue by 59% to €15.1 million, up from €9.5 million, as significant new properties were added to its portfolio. Among them are the Douka educational institutions in Marousi, the properties of the Boutari winery, as well as student residences in Athens, Thessaloniki, Patras and most recently in Xanthi. At the same time, the company also acquired natural mineral water plants in Ioli. A total of 23 new properties have been added, bringing the total to 50.

At the same time, net income after tax was €15.9 million, while adjusted operating EBITDA (excluding revaluation gains) jumped 102% to €7.5 million. Profit from the revaluation of investments increased by 138%, reaching 16.9 million euros, compared with 7.1 million euros in 2021.