Prodea spins off logistics as key growth pillar; greenlights up to €50M capital raise

According to management, the logistics sector will constitute a distinct pillar and the second core business segment—alongside hospitality—on which the company will focus in the coming period.

The business unit subject to the spin-off includes real estate assets and infrastructure serving the supply chain, such as warehouses, distribution centers, logistics hubs, transit centers, and other related facilities.

It is noted that the REIC already owns modern leased warehouse space totaling approximately 140,000 sq.m., while developments covering around 130,000 sq.m. are currently underway, and the company is evaluating a new pipeline of approximately 120,000 sq.m. Recently, the group proceeded with the acquisition of a land plot in Markopoulo, Attica, where modern warehouse facilities of 30,000 sq.m. will be developed. The objective is clear: the creation of a leading regional logistics champion, built on strong technical, investment, and asset management expertise, and supported by a long-term growth outlook.

Key areas of interest for logistics investments include Aspropyrgos, Markopoulo, and Thessaloniki. In new developments, the group aims to implement best-in-class sustainability practices and, where applicable and feasible, to obtain relevant certifications.

Approval of Share Capital Increase of up to €50 million

At the same time, the company’s shareholders approved, by majority, at an Extraordinary General Meeting held yesterday, a share capital increase of up to €50 million through the issuance of new ordinary, registered shares with voting rights.