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industrial Market News: Spanish Real Estate Intelligence

Amazon is looking to expand in Greece

Reportedly Amazon has already approached the Greek government to acquire land in the greater area of Elefsina to set up a sorting and distribution center that will serve Southeast Europe and the Middle East.

The reason Greece has been selected is reportedly related to the location of the country that allows it access to the whole region, while also being one of the main countries and entry point for Chinese products.

There has not been much information released about the project, but it has been a word of mouth in the Greek market. An investment of this dynamic changes the Greek investment landscape for the best.

Trastor REIC acquired logistics centre in Magoula, Attica

Trastor REIC announced the purchase of a logistics centre in Magoula, Attica.

According to the press release "on 18.09.2019, participating in the procedures of a legal entity special administration asset sale process, Trastor was declared as the preferred bidder for the acquisition of a logistics centre located in the area of Magoula in Aspropyrgos, Attikis. The acquisition price of this property is€ 1,100,00. The Company will further inform the investing public when all required formalities have been concluded".

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. ”