BriQ Properties Portfolio X-ray: Strategic Expansion and Sustainability

The General Assembly of BriQ Properties approved an optional dividend reinvestment program (script dividend), which aims to increase the company’s share capital by up to €30 million in nominal value — equivalent to approximately €40 million based on the current share price. This program, valid until 2028, benefits shareholders and aims to enhance the company’s liquidity while targeting higher future returns. Shareholders will have the option to reinvest their dividends to acquire additional shares at a slight discount from the current market price. This choice is expected to be economically advantageous for the company compared to a direct capital increase, as it has lower implementation costs and no transaction fees for shareholders. Following its merger with ICI, BriQ now boasts a portfolio worth €284.8 million, increased by 91% compared to €148.9 million pre-merger. According to CEO Anna Apostolidou, 86% of this growth came from new investments, while only 14% was due to property revaluations. Established in 2016 with a portfolio of just €24.3 million, BriQ’s real estate portfolio now spans offices (31%), retail spaces (26%), logistics facilities (29%), hotels (12%), and special-use properties (2%). The largest tenant is Alpha Bank, contributing 25.7% of total rental income, followed by Quest Group companies at 16.5%, and Sarmed at 11.7%. In Q1 2025, BriQ focused on integrating 15 new assets from ICI, negotiating lease terms with tenants. Notably, JP Morgan fully leased a partially vacant property on Kifissias Avenue, while two office spaces in Athens Tower were sold immediately after acquisition. As part of its sustainability strategy, BriQ plans to develop a LEED Gold-certified eco-friendly office building on Poseidon Street, expected to be completed by early 2026. Additionally, the company is preparing a tourism investment on Paros, involving suites or rooms for commercial use starting summer 2027. Chairman Theodoros Fessas highlighted that anticipated interest rate reductions below 2% within 2025 could significantly boost real estate company profits, strengthening negotiation power with banks.