Brief: BriQ Properties Completes Acquisition Of An Office Building In Glyfada For EUR 4.0 Million

BriQ Properties REIC

17/06/2024 13:43

June 17 (Reuters) - BriQ Properties REIC  BRIQr.AT :
    * COMPLETES ACQUISITION OF AN INDEPENDENT OFFICE BUILDING IN
GLYFADA FOR EUR 4.0 MILLION
    * THE PROPERTY IS FULLY LEASED AND THE PURCHASE WAS FINANCED
THROUGH BORROWING
    * FOLLOWING THE ACQUISITION BRIQ PROPERTIES HAS A PORTFOLIO
OF 42
PROPERTIES WITH A TOTAL VALUE OF EUR 216 MILLION UP 45% SINCE
DEC 31 2023
    * SEES ANNUAL RENTAL INCOME FOR 2024 AROUND EUR 15 MILLION
UP 65%
COMPARED TO 2023
    * SEES A SIGNIFICANT IMPROVEMENT IN NET PROFIT FOLLOWING THE
REDUCTIONS IN INTEREST RATES IN THE CURRENT FY


Further company coverage:  BRIQr.AT 

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