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(Visited 77 times, 1 visits today)
  • Transaction / Assets
    Florida 1 Commercial Park in Thessaloniki
  • Seller
  • Buyer
    Trade Estates
  • € MM

Trade Estates acquired the largest Commercial Park in Greece

Trade Estates REIC, a company of the Fourlis Group, signed the purchase of shares of the company KTIMATODOMI SA, owner and manager of the largest commercial park in Greece, named FLORIDA 1.

The Commercial Park is located in Thessaloniki and covers an area of 132,000 sq.m., with commercial areas of 31,407 sq.m., leased 100% to twelve of the largest retail companies in Greece (LeroyMerlin, AB VASILOPOULOS, JUMBO, Kotsovolos, Moustakas, Jysk and others).

The Company after the specific acquisition, is expected to increase its revenues by € 4.5 million per year.

The commercial park is located in the rapidly developing area of Thermi, with easy road access near the eastern end of the Thessaloniki ring road, while the metro line connecting the city center with the airport will have a station there.

Orignal Source: Capital.gr

Adaptation/Summary: Kiki Athanasiadis