kathimerini.gr

Briq Properties Sells Assets, Focuses on Energy-Efficient Portfolio

Briq Properties sold two Athens properties for €4.23 million, generating a €2.54 million profit; this is part of a strategy to optimize its portfolio after acquiring ICI, focusing on energy-efficient standalone buildings and generating funds for new investments while maintaining stable projected income.

Read original article in Greek

Greek

Greece

EconomyOtherInvestment StrategyFinancial PerformanceGreek Real EstateBriq PropertiesPortfolio Optimization

Briq PropertiesIntercontinental International Αεεαπ (Ici)Eurobank EquitiesΕκτ (European Central Bank)

Anna Apostolidu

What is the immediate impact of Briq Properties' recent property sale and its strategic portfolio adjustments?: Briq Properties, a publicly listed real estate company, recently sold two properties in Athens for €4.23 million, resulting in a €2.54 million profit. This sale is part of a broader portfolio rationalization strategy to maximize returns after the acquisition of ICI.
How does Briq's strategy of selling non-strategic assets relate to its long-term investment goals and financial stability?: The sale of non-strategic assets, primarily office spaces in multi-owner buildings, allows Briq to focus on standalone, energy-efficient properties (offices, logistics, hotels). This strategy simplifies energy upgrades and aligns with their investment priorities.
What are the long-term implications of Briq's strategic focus on energy-efficient properties and its projected financial performance?: Briq's portfolio optimization, driven by recent interest rate cuts, will fund new investments beyond debt servicing. Projected revenue from rent is stable (€21.8 million in 2025, rising to €22.5 million in 2027) while EBITDA is projected to be €18 million in 2025 and €18.5 million in 2027. This indicates financial stability and consistent growth.

Cognitive Concepts

1/5

Framing Bias

The article presents a largely neutral framing of Briq Properties' actions. While it highlights the company's financial success and strategic decisions, it also mentions potential challenges and provides context through quotes from the CEO. The framing does not appear to unduly favor one perspective.

Sustainable Development Goals

Decent Work and Economic Growth Positive

Direct Relevance

The article highlights Briq Properties

Mar 21, 10:12

French and Belgian Cities Combat Food Waste with Free Chickens

French and Belgian cities have been successfully distributing free chickens to residents since 2012, significantly reducing food waste and providing a source of fresh eggs; over 5,282 chickens have been distributed in Colmar alone, resulting in an estimated 273.35 tons of waste reduction, and the program continues to expand.

Mar 21, 01:13

Market Timing Risks and Contrarian Investing Strategies

An article discusses the risks and potential rewards of market timing and contrarian investing, highlighting the significant losses that can occur by missing even a few of the market's best-performing days and advising investors to use objective analysis and avoid emotional decision-making.

Mar 21, 13:14

Salzgitter Doubles Cost Cuts Amidst €348 Million Loss

German steelmaker Salzgitter is doubling its annual cost-cutting target to €500 million by 2028 to offset a €348 million loss in 2023, while continuing its green steel production and exploring opportunities in defense and infrastructure.

Mar 21, 10:12

Chile's Education Crisis: Underfunding and Inefficient Management Hamper Pandemic Recovery

Chile's education system struggles with pandemic fallout, marked by record-high school conflicts (13,988 cases in 2024), 860,145 students losing over a month of classes, and underfunded, poorly executed recovery programs, despite a substantial increase in higher education funding.