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land Market News: Greek Real Estate Intelligence

TRASTOR REIC acquired a land plot in Aspropyrgos
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
Plaisio buys plot of land with warehouse in Magoula
The management of Plaisio chain invests in warehouses seeing how online sales have picked up during the pandemic. Thus, after investments of €38 m for warehouses and the acquisition of an e-commerce management platform in 2019, it proceeds with the acquisition of a plot of land and a building, which is adjacent to its facilities in Magoula. The new investment, amounting to €2.9 m, concerns the acquisition of a plot of land owned by the company Akritas, with an area of ​​16ooo sqm, with a warhouse  of ​​6,300 sqm. Original Source: News24.gr Adaptation/Summary: Kiki Athanasiadis
BriQ Properties: Purchased land plot of €6.5 m in Aspropyrgos, Attica
BriQ Properties completed the acquisition of land plots with a total area of ​​18,083 sq.m. in Aspropyrgos, Attica. The land plots are located at "Imeros Topos", and they are adjacent to the property BriQ’s property where a Logistics Park is under construction. As a result of successive purchases of plots in the last 12 months, today BriQ owns a single plot of land for development in Aspropyrgos with a total area of ​​102,813 sq.m. having invested a total of € 6.5 m in the land market. The company is already developing a modern Storage and Distribution Building of 20,764 sq.m. and intends to develop a second one of corresponding standards. Original Source: Euro2day.gr Adaptation/Summary: Kiki Athanasiadis