Premia Properties: €40 Million Capital Boost Fuels Strategic Growth in Tourism and Student Housing

Premia Properties successfully completed a €40 million share capital increase, drawing strong interest from major investors and hundreds of small shareholders. The move strengthens the company’s presence in Greece’s real estate market and sets the foundation for ambitious investments both domestically and abroad.

Capital Increase Oversubscribed, Free Float Expanded
The capital raise involved the issuance of 30.77 million new shares at €1.30 each, coordinated by Optima bank. Of the total:

€34.5 million came from a private placement to strategic and new investors

€5.5 million from the oversubscribed public offering (4.1 times demand)

Overall demand reached €60.3 million, 1.5 times the target

Premia’s free float rose from 17% to 22%, with 1,657 retail investors participating — a key milestone that signals growing trust in the company’s investment strategy.

New High-Profile Shareholders
The shareholding base now includes several well-known investors:

ANIKA SA (Sklavenitis family) – 1.8%

GFI Ltd (Giannis Antetokounmpo) – 2%

George Daskalakis (Kaizen Gaming founder) – 3%

These three anchor investors contributed €11.3 million and now collectively hold 7.5% of the company. Both Antetokounmpo and Daskalakis are also involved in other Premia-related investments, such as Village Park Renti and Hellenic Wineries.

Strategic Expansion with Focus on Tourism
Premia is targeting a €1 billion portfolio, emphasizing assets with social and developmental value, including:

Hotels

Student housing

Educational facilities

Wineries

In the tourism sector, where Premia has entered aggressively, its partnership with the Scandinavian group NLTG stands out. In 2024, it acquired two 4-star hotels in Rhodes and Crete (800 rooms), which were leased back to NLTG for 15+10 years.

More recently, Premia acquired a 270-room hotel in Gran Canaria for €64 million. The asset has a 20-year lease and generates an annual net rent of €4.65 million under a triple net agreement. According to chairman Elias Georgiadis, this marks a significant step abroad but does not alter the company’s domestic focus.

NLTG has also joined Premia’s shareholder base with a 9.66% stake, offering access to a network of 250 hotels and 20,000 employees.

Rapid Expansion in Student Housing
Alongside tourism, Premia is accelerating in the student accommodation sector, addressing a major gap in the market. It already has a presence through a partnership with Hamlet (220 beds) and is now expanding via an agreement with Unity.

Premia is completing new student housing projects in:

Volos (50 apartments and a second unit with 80 beds)

Larisa (58 rooms)

Xanthi (43 and an additional 35 rooms)

Rhodes (35 rooms)

Patras (two buildings with 140 beds)

Athens (a larger building in Kaisariani with 100–120 beds)

All projects are scheduled to operate between September 2025 and 2026. The company plans to exceed 800 student housing keys by 2026.

Strategic Outlook and Portfolio Goals
With current assets at €530 million, Premia aims to reach €650 million by the end of 2025, and eventually hit €1 billion. Its strategy is centered on sustainability, social impact, and stable returns, gradually building a diversified and resilient real estate portfolio.