Transaction / Assets Logistics center in Aspropyrgos, AtticaSeller naBuyer PREMIA PROPERTIES€ MM 5
Premia Properties acquired logistics property in Aspropyrgos
PREMIA PROPERTIES announced the acquisition of a logistics property located in Aspropyrgos, Attica.
The property has an area of 9,443 sq.m. on a plot of 22,995 sq.m. and is leased to the company DIAKINISIS SA through long-term lease which expires in 2029. The price amounted to € 5m with an initial gross yield of 8.2%. The Company intends to keep investing in quality logistics properties, in order to achieve high returns and goodwill for its shareholders.
With the addition of this property, PREMIA PROPERTIES has in its portfolio warehouse properties with a total area of 103,000 sq.m. in the real estate logistics sector maintaining a leading position in the Greek market.
PREMIA PROPERTIES continues the implementation of the business plan in other real estate sectors such as commercial big box buildings.
In this context, the Management of the Company intends to immediately seek a new share capital increase in cash and in kind (real estate contributions) from existing shareholders and third-party investors.
Original Source: Euro2day.gr
Adaptation/Summary: Kiki Athanasiadis