Trastor invests in another logistics property based in Aspropyrgos region

Trastor REIC announced that on 12.11.2021 entered into a binding preliminary share purchase agreement for the acquisition of 100% of the shares of “PILEAS ΚΤIΜΑΤΙΚI SA”, a legal entity owner of a land plot of 39,900 sqm in the Aspropyrgos area in Attica. 

A contemporary logistics center with a total estimated area of 22,000 sqm shall be developed on this land plot according to international environmental certification standards. 

The investment will be concluded upon completion of certain conditions precedent, as per the terms of the aforementioned preliminary share purchase agreement. 

The total consideration for the acquisition of “PILEAS ΚΤIΜΑΤΙΚI SA” shares shall be based on the net asset value (NAV) of the company at the time of closing and it would be subject to certain price adjustments as per the terms of the aforementioned agreement. 

Mr. Tassos Kazinos, Chief Executive Officer of Trastor REIC, made the following statement: 

“As more and more companies align with sustainable development principles, Trastor is integrating Environmental, Social and Corporate Governance values in its investment decisions. In this context, our Company is leading the adoption of green investment practices in the logisticssector and maintains its commitment to develop the most modern Logistics portfolio in Attica". 

The Company shall make a further announcement upon closing of the transaction.