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offices Market News: Spanish Real Estate Intelligence

TRASTOR acquired logistics center in Aspropyrgos, Attica

Trastor acquired a logistics center of 5,678,86 sq.m. in the area "Melissia" in Aspropyrgos. The price amounted to 3,073 m. The property consists of a ground floor storage and office floor and it is leased to Seagull Diametaforiki Emporiki SA.

The CEO of the Trastor, Tassos Kazinos, stated: “With the acquisition of a logistics center in the heart of Aspropyrgos, we are integrating the first Logistics property into our portfolio. Trastor expands its portfolio with a new property category and continues to invest in high-end properties. With carefully thought-out investment moves and unlocking opportunities, we are steadily creating an important portfolio of high-quality real estate with the priority of maximizing returns, further diversifying the portfolio and focusing on the development of the Company. ”

Trastor purchased office building in Vrilissia, Attica

Trastor SA announced the acquisition of an office building in Vrilissia, Attica at the intersection of Attiki Odos and Propontida Street for the price of 5,75 m euros.

It is a modern high-quality office building with a total surface of 4,003 sq.m. and consists of a ground floor, first floor and two underground spaces for main and utility use. The building is rented.

The purchase of the property was financed by funds raised during the Company's Share Capital Increase that was completed in August 2019.

Bain sold two properties, part of the Amoeba portfolio

Dromeus Greco Fund bought one of the most central properties for sale on 6 Othonos Street in Syntagma Square, while the second property, on Sekeri Street 1 in Kolonaki, was acquired by the Papageorgiou Foundation based in Thessaloniki.

The seller of both properties (offices) was Bain Capital, which has taken over Piraeus Bank's Amoeba real estate portfolio. The property in Othonos str. has tenants, including Bloomberg, EBRD, and McKinsey, while the property in Sekeri sr. is leased by the Greek Parliament.

According to market executives, both properties were sold at high prices, at € 13.5 million and € 13.1 million respectively.