Trade Estates AEEAP has outlined an investment plan forecasting investments of 132 million euros to be made by the end of 2028, which is expected to boost the value of its portfolio by approximately 23% to 26%. According to the company's management, represented by President Vasilios Fourlis and CEO Dimitris Papoulis at a recent Institutional Investors Association event, the Gross Asset Value of the company's properties is predicted to rise from 602 million euros in 2025 to between 740 and 760 million euros by the end of 2028.

A significant driver of this increase is comprised of three development projects currently in the company's investment pipeline. The first of these projects is a retail park located in Elliniko, with a total investment of 75 million euros, of which around 31 million euros pertains to the purchase of the land from Lamda Development, while the remainder is allocated for construction costs. The development, scaling 27.1 thousand square meters, will feature facilities spreading across 28.5 thousand square meters.

This strategic move reflects Trade Estates’ commitment to bolster its asset base and enhance shareholder value, amidst an evolving economic landscape. It underscores the company's confidence in the ongoing development opportunities within the Greek real estate market, aiming to capitalize on the anticipated growth in property values as well as the increasing demand for retail spaces.