Press Release
Publication of the Investment Schedule 31.12.2024
Athens, February 21st ,2025
Premia Properties proceeded with the publication of the Investment Schedule as of 31.12.2024, pursuant to the provisions of the Hellenic Capital Market Commission BoD decision 8/259/19.12.2002, as amended and currently in force.
As of December 31, 2024 the Group's total investment portfolio consists of real estate assets and equity participations and is valued at €493.8 million, compared to €300.4 million on December 31, 2023, reflecting a 64% increase.
- 61 properties with a total value of €466.0 million, allocated across sectors such as logistics (31%), hotels (25%), offices (17%), schools (12%), wineries/industrial properties (4%), serviced apartments and student housing (7%), retail/big-boxproperties (3%), and land plots for future development (1%).
- Equity participations valued at €27.8 million, including stakes in P&E Investments S.A. (25%), Navarino Vineyards (50%), IQ Karela (40%), and Renti to Go (32%).
FY 2024 represented a year of significant growth for Premia, since:
- Operations commenced at key projects, including a green office complex in Tavros leased to the Independent Authority of Public Revenues (AADE) and a 102-room student housing facility in Xanthi.
- The real estate portfolio expanded with the acquisition of 11 properties, with most important transactions including two 4-starhotels in Rhodes and Crete with a total capacity of 800 keys, leased to Nordic Leisure Travel Group, and an 11,300 sqm modern logistics property in Aspropyrgos leased to Iron Mountain Hellas S.A
- Partnerships with reputable counterparts were completed, such as with TEMES S.A in the winery sector (Navarino Vineyards S.A.), EBRD and Dimand in Project Skyline (P&E Investments S.A.), and Sterner Stenhus, the Antetokounmpo family, and other private investors in the acquisition of the Village Shopping & More retail property (Renti to Go).
- Selective property sales were executed recording significant profit, such as the sale of a (big-box)property in Katerini, the sale of a (winery) property in Santorini, while a preliminary agreement was signed for the sale of two plots of land in Paros.
Premia continues to consistently implement its business plan with the aim of creating value for its shareholders.
Premia REIC. Vas. Sofias 59, 115 21 Athens
HCMC License Number 4/949/5.4.2022, GCR number.: 861301000, www.premia.gr