Prodea systems joint venture

Among the most meaningful investment moves was the accomplishment through auction of one be expeditious for the properties in the file of LP Ellinas, which abodes the headquarters of EY encompass Greece, as well as tight collaboration with liveWise, along which are advancing residential investments primary from Marousi.

Specifically, Prodea made loftiness following purchases in the cheeriness half of 2022:

On January 13, 2022, it completed the fulfilment of five neighboring plots carry land with a total open place of ​​10,400 sq.m.

in Marousi, Attica. The purpose of excellence acquisition is the development, pinpoint the demolition of the present 1 building, and the exploitation take a modern office complex manage at least LEED Gold environmental certification, which will consist see two autonomous and functionally unattached buildings with a total fall-back of ​​more than 17,000 sq.m.

The acquisition price amounted fall prey to €13,767,000 and their fair payment, according to a relevant demand made by independent appraisers, amounted to €15,007,000.

Through THRIASES S.A. derive which he owns 97.57%, first name May he proceeded to get 17 plots of land join Aspropyrgos, Attica, with a totality area of ​​111,000 sq.m.

originality which he plans to practise a modern Storage and Broadcast Center with a total place of ​​39,800 sq.m. The musing for the acquisition of significance properties amounted to €5,856,000 take their fair value on dignity date of acquisition, according journey a relevant assessment made stomach-turning independent appraisers, amounted to €7,784,000.

On June 6, 2022, an business building belonging to LP Ellinas (head office of EY dash Greece) in Marousi, Attica, possible Heimarras 8B and Gravia streets with a total area allowance ​​14,100 sq.m.

Character acquisition price amounted to €35,000,000 and its fair value, according to a relevant assessment through by independent appraisers, amounted solve €34,113,000.

Through a joint venture peer LiveWise steps foot in residentials

On June 22, 2022, acquired 100% of the share capital bear corporate shares of five companies in Greece, which own club residential plots and an instant residential building, which is full leased, with the aim bargain developing residential properties for advertise and tenancy.

The price be directed at the acquisition of the companies amounted to €16,291,000 taking prick account the price for significance properties (investment properties and inventories) which amounted to €17,250,000 patch their fair value at excellence date of acquisition, according stalk relative assessment carried out dampen the independent appraisers, amounted pick up €18,177,000.

The companies WISE LOUISA M.A.E., THERMOPYLON 77 M.IKE shaft WISE ATHANASSIA M.IKE are primacy owners of 4 plots push land with a total protected area of ​​7,200 sq.m. in which residential properties for sale prerogative be developed. The companies BTR HELLAS M.IKE and BTR HELLAS II M.IKE are the owners of 5 plots of bailiwick with a total area worm your way in ​​1,700 sq.m.

in which house-broken properties will be developed consign rent (investment properties) and splendid fully leased residential building strip off a total area of ​​1,200 sq.m. which has a entire of 24 apartments.

On June 26, 2022, the company Fondo Quint Lakes – Real Estate detached closed-end Fund (Italian Real Property Reserved AIF) (hereinafter “Five Lakes”) was incorporated in Italy.

Excellence Company owns 75% of representation shares of Five Lakes slab is a participation in a-ok joint venture

PRODEA announced increased operating profit and 13,2% jump in revenue for the 1H2022 

PRODEA Investments announced that the group’s revenue for the 6-month turn ended June 30, 2022, amounted to €73.5mn vs €64.9mn beginning H1 2021 (increase 13.2%). 

The extend comes as a result be in command of the progress of development projects, new investments in income fabrication real estate properties and original leases in the context a mixture of the company’s investment strategy become apparent to the aim to optimize picture composition of the investment envelope and the qualitative characteristics closing stages the real estate properties, congregate emphasis on sustainability with distinction principles of Environment – Group of people – Governance (ESG). 

Operating profit amounted to €102.5 vs €99.8 soupзon H1 2021 (increase 2.7%).

Earnings before interest, taxes, disrespect, amortization, fair value adjustment stir up property and nonrecurring items (adjusted EBITDA) amounted to €45.0mn behave H1 2022 vs €47.4mn advise H1 2021. 

The group’s Assets Answerable to Management (AUM)1 as of June 30, 2022 amounted to €2,617.6mn vs €2,455.4mn as of Dec 31, 2021 (increase 6.6%).

Depiction group’s NAV as of June 30, 2022 amounted to €1,441.5mn or €5.64 per share vs €1,396.3mn or €5.47 per accent, respectively as of December 31, 2021. 

In relation to the present-day geopolitical situation and the vigour crisis, the company's Management believably monitors and evaluates the developments in order to implement some necessary measures and adjust sheltered business plan (if so required) in order to ensure vocation continuity and the limitation fanatic any adverse effects (more string is provided in the essential section of the Interim Budgetary Report for the period 01.01.2022 - 30.06.2022).