Trade Estates has announced an ambitious business plan that involves investing a total of 132 million euros by 2028, which is expected to result in a portfolio value increase of 23% to 26%. The company's management, represented by Chairman Vassilios Fourlis and CEO Dimitris Papoulis, detailed that the Gross Asset Value (GAV) of their properties is projected to rise significantly from 602 million euros in 2025 to a range of 740 to 760 million euros by the end of 2028. This growth is largely attributed to three key projects currently in the development pipeline.

One of the most notable projects is the development of a retail park at Ellinikon, which entails a total investment of 75 million euros. Of that amount, approximately 31 million euros is allocated for the land acquisition from Lamda Development, with the remaining funds covering construction costs. This project is set to utilize a 27,100 square meter site to create a gross leasable area (GLA) of 28,500 square meters, featuring 8 to 9 large-scale stores. It represents a critical component of Trade Estates' expansion strategy in the retail sector and is expected to commence operations by the end of the development timeline.

Overall, the aggressive investment plan by Trade Estates signifies their confidence in the Greek real estate market's recovery and growth potential. By increasing their portfolio through substantial projects like the Ellinikon retail park, they aim not only to enhance their financial standing but also to contribute to the revitalization of the areas where these developments take place, potentially boosting local economies and creating jobs in the process.