land Market News: Greek Real Estate Intelligence

Trastor REIC through its 100% subsidiary DORIDA SA, acquired a land plot of 16,013.50 sqm, located at Melissia area in Aspropyrgos, Attica. The land plot is adjacent to existing logistics properties of the Company. The price for the acquisition amounted to €800,000. The company recently acquired an adjacent land plot in Aspropyrgos, thus creating a single plot of 78,700 sqm. Reportedly the company plans to invest €5 m in the development of a new, state-of the-art logistics center, which will carry Leed certification for its low environmental footprint. The company will create a single logistics hub, with a total area of ​​31.3 thousand sqm. This new investment will frame Trastor's existing logistics infrastructure at the same area. In particular, the company had acquired storage facilities of 25,000 sq.m. on a plot of 62.7 acres in the same area. The cost had reached €9.5 m. The warehouse is leased by Seagull, a logistics service provider. At the beginning of July Trastor acquired another warehouse, with an area of ​​5,262 sq.m. on a plot of 11.3 thousand sqm, in the same area. The cost of this transaction had amounted to €2.32 m. The tenant of the property is also Seagull. Trastor has created a portfolio of logistics properties with a total area of ​​52,500 sqm., in ​​Aspropyrgos and in front of the shopping center in Thriasio. To date, it has invested almost €30m in logistics facilities. Original Source: Kathimerini.gr Adaptation//Summary: Kiki Athanasiadis