Trastor sells Athens offices for 670K profit (video)
Majority owned by Varde Partners, Trastor announced a new deal. This time it was the sale of office space that came with 17 underground car parking spaces in central Athens. Trastor is planning a 72 million euro share capital hike and a 41 million euro convertible bond to fund further deals.
Greece's real estate investment companies have been aggressively picking up commercial properties in a bid to take advantage of an upswing in the market after the country's ten year economic downturn. Last week, Trastor said that it purchased a stand alone office building on 80 Michalakopoulou street, Athens, for 25 million euros.
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