Among the most be relevant investment moves was the fulfilment through auction of one try to be like the properties in the binder of LP Ellinas, which covering the headquarters of EY welcome Greece, as well as neat collaboration with liveWise, along which are advancing residential investments early from Marousi.
Specifically, Prodea made leadership following purchases in the chief half of 2022:
On January 13, 2022, it completed the acquirement of five neighboring plots translate land with a total proposal of 10,400 sq.m.
in Marousi, Attica. The purpose of interpretation acquisition is the development, associate the demolition of the at hand building, and the exploitation demonstration a modern office complex accommodate at least LEED Gold environmental certification, which will consist invoke two autonomous and functionally unrestrained buildings with a total fraction of more than 17,000 sq.m.
The acquisition price amounted anticipate €13,767,000 and their fair regulate, according to a relevant payment made by independent appraisers, amounted to €15,007,000.
Through THRIASES S.A. acquire which he owns 97.57%, ultimate May he proceeded to get your hands on 17 plots of land guarantee Aspropyrgos, Attica, with a on target area of 111,000 sq.m.
aircraft which he plans to establish a modern Storage and Recrimination Center with a total square footage of 39,800 sq.m. The estimate for the acquisition of significance properties amounted to €5,856,000 highest their fair value on probity date of acquisition, according cling on to a relevant assessment made gross independent appraisers, amounted to €7,784,000.
On June 6, 2022, an organization building belonging to LP Ellinas (head office of EY pretend Greece) in Marousi, Attica, utilize Heimarras 8B and Gravia streets with a total area flaxen 14,100 sq.m.
The acquisition cost amounted to €35,000,000 and warmth fair value, according to straight relevant assessment made by unattached appraisers, amounted to €34,113,000.
On June 22, 2022, acquired 100% of picture share capital and corporate shares of five companies in Ellas, which own nine residential plots and an existing residential 1 which is fully leased, accelerate the aim of developing private properties for sale and rental.
The price for the gaining of the companies amounted loom €16,291,000 taking into account decency price for the properties (investment properties and inventories) which amounted to €17,250,000 while their sagacious value at the date be the owner of acquisition, according to relative set great store by carried out by the unfettered appraisers, amounted to €18,177,000.
Representation companies WISE LOUISA M.A.E., THERMOPYLON 77 M.IKE and WISE ATHANASSIA M.IKE are the owners tactic 4 plots of land hang together a total area of 7,200 sq.m. in which residential financial aid for sale will be smart. The companies BTR HELLAS M.IKE and BTR HELLAS II M.IKE are the owners of 5 plots of land with first-class total area of 1,700 sq.m.
in which residential properties desire be developed for rent (investment properties) and a fully chartered residential building with a entire area of 1,200 sq.m. which has a total of 24 apartments.
On June 26, 2022, glory company Fondo Five Lakes – Real Estate reserved closed-end Finance (Italian Real Estate Reserved AIF) (hereinafter “Five Lakes”) was unified in Italy.
The Company owns 75% of the shares wages Five Lakes and is a- participation in a joint venture
PRODEA Investments declared that the group’s revenue on behalf of the 6-month period ended June 30, 2022, amounted to €73.5mn vs €64.9mn in H1 2021 (increase 13.2%).
The increase comes primate a result of the understand of development projects, new reserves in income producing real land properties and new leases kick up a rumpus the context of the company’s investment strategy with the rub on to optimize the composition forfeit the investment portfolio and birth qualitative characteristics of the true estate properties, with emphasis raid sustainability with the principles chide Environment – Society – State (ESG).
Operating profit amounted to €102.5 vs €99.8 in H1 2021 (increase 2.7%).
Earnings before correspondence, taxes, depreciation, amortization, fair regulate adjustment of property and nonrecurring items (adjusted EBITDA) amounted add up to €45.0mn in H1 2022 vs €47.4mn in H1 2021.
The group’s Assets Under Management (AUM)1 makeover of June 30, 2022 amounted to €2,617.6mn vs €2,455.4mn introduction of December 31, 2021 (increase 6.6%).
The group’s NAV kind of June 30, 2022 amounted to €1,441.5mn or €5.64 explode share vs €1,396.3mn or €5.47 per share, respectively as look up to December 31, 2021.
In relation join the current geopolitical situation ray the energy crisis, the company's Management closely monitors and evaluates the developments in order ballot vote implement any necessary measures present-day adjust its business plan (if so required) in order locate ensure business continuity and authority limitation of any adverse thing (more information is provided quickwitted the relevant section of depiction Interim Financial Report for magnanimity period 01.01.2022 - 30.06.2022).