The financing of its investment program will be supported by the issuance of the joint bond loan of up to 100 million euros, by Premia Properties, with the relevant approval procedures underway.
Of all the funds, as pointed out at the recent general meeting by the CEO of Premia, K. Markazos, the company’s goal is to strengthen the portfolio of real estate in industries that already have a presence, such as logistics, commercial real estate (big-boxes) buildings social services, serviced apartments as well as selectively consider its entry into other sectors of real estate.
With rapid growth in recent years, Premia has managed to increase the size of its portfolio from 7 properties worth 65.9 million euros about a year ago to 27 today, exceeding 181 million euros, including social real estate ( schools), an area in which Premia is considered a pioneer.
At the same time, it has successfully completed three share capital increases in just 1.5 years and has expanded its financial figures as well as its portfolio to an impressive number.
Continuing its dynamic course, Premia in the first nine months of 2021 significantly strengthened its portfolio of real estate in the field of supply chain (logistics) and commercial real estate type big-box, while expanding its activity in the field of serviced apartments.
In fact, during this period he added a total of 9 new properties, while proceeding with a strategic entry in the sectors of serviced apartments and health.
The total value of the Group’s investments increased by 63%, reaching 173.1 million euros on 30.9.2021, while a significant increase was recorded in the Group’s net position which amounted to 114.6 million as well as its cash and cash equivalents which amounted to 43.8 million euros following the recent increase in its share capital. Increase in revenue, improvement of operating profitability and profitability before taxes on a consolidated basis compared to the corresponding period 2020 as a result of the addition of new investments as well as the subsidiary JPA AEES.
Regarding the issue of approving the conversion of the company into AEEAP as the relevant actions have already begun, Premia expects information and developments from the Hellenic Capital Market Commission.
El. Boot
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Source From: Capital
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