The TRADING of the Trade Estates REIC Shares has started on the Athens Stock Exchange
Vassilis Fourlis, Chairman of the Board of Directors of the company, announced the opening of the trading session
Athens, November 10, 2023 – Trading of Trade Estates REIC shares on the Athens Exchange began today, Friday, November 10, marking a new chapter in the company’s business development.
The Chairman of the Board of Directors of Trade Estates, Mr. Vassilis Fourlis, declared the opening of the meeting, ringing the traditional “bell”, in the presence of the CEO of the Athens Exchange, Mr. Giannos Kontopoulos, the Vice Presidents of the Capital Market Commission, Mr. Nikolaos Kontaroudis and Ms. Anastasia Stamos, representatives of the company, the issuance advisors and the business community.
In his address during the ceremony, Mr. Fourlis said, among other things, “Trade Estates is a company with unique qualitative portfolio characteristics in the Real Estate Investment sector in our country. Its presence on the Stock Exchange, amidst intense geopolitical and economic challenges, strengthens its position in modern retail. With a strong capital structure, a dynamic and skilled management team and driven by integrity, corporate governance and social and environmental respect, we seek to maximize our shareholders’ investment and create value for our partners.”
“With the funds we have raised, we are now stronger,” said Trade Estates CEO Dimitris Papoulis, adding: “The confidence of thousands of private investors and major large investors in a particularly difficult time confirms that our company is a long-term investment option with very positive prospects. We continue with dedication to the implementation of our investment program, maintaining unchanged the customer-centric DNA of our developments and our extremely close relationships with the largest Greek and international retail groups.”
Mr. Fourlis and Mr. Papoulis thanked the contributors of the issue, the staff and the company’s associates for their contribution to the listing of Trade Estates on the Athens Stock Exchange.
Trade Estates, is the only real estate investment company in Greece specializing in new generation Commercial Parks and Logistics Centers, with experience and dynamic presence in its sector, is continuously strengthening its footprint in the real estate investment market, implementing an investment program of 292 million euros until 2027.
About Trade Estates REIC
Trade Estates REIC, a company with strong shareholders Fourlis Group, Autohellas and Latsco Hellenic Holdings, is the only real estate investment company in Greece that specializes in the development of new generation retail parks and Logistics Centers to serve the omnichannel retail strategy, with operations in Greece, Cyprus and Bulgaria. Trade Estates’ portfolio currently consists of 9 Shopping Parks, 3 new generation Logistics Centers and one property under development. Its investment plan for the next 4 years includes the creation of new shopping parks throughout Greece (with the flagship shopping park in “The Ellinikon Park”), participations in partnership companies for the development of shopping parks in Crete and Spata as well as the creation of new Logistics Centers.
According to the company’s development plan, by 2027 it will have a total of 18 commercial properties with a low environmental footprint and strong long-term tenants.
For more information please contact:
Trade Estates, Tina Taktikou, tel: 216 20 22 200, e-mail: tina.taktikou@trade-estates.gr
