of Eleni Botas
It sensed in the market that Marianna Latsi’s investment group Latsco and George Eliot’s investment fund Orasis have committed (through a private placement) to acquire 15 million and 10 million euros worth of DIMAND shares, respectively, under the public offering of which expires on Friday.
According to information, what made these large investors acquire a significant percentage of its share capital is on the one hand the large portfolio of projects of the company (it has 23 projects in different stages of development with a horizon of gradual completion until 2025) as well as the fact that it has her “drawer” and other important projects.
This fact was confirmed by the CEO of DIMAND Dimitris Andriopoulos, who speaking yesterday at a small event at the ATHEX, said that after the company enters the Stock Exchange will announce 7 to 8 new projects, which will further strengthen its pipeline.
After all, he himself responding to members of the press last Monday He said that “the company, in addition to the 23 known real estate development projects, which are equivalent to investments of about 1 billion euros, for the majority of which there is a specific divestment horizon, is already setting up a new generation of projects.” “We are not interested in presenting turnover but profits,” said Mr. Andriopoulos.
And the reasons do not end here, as according to information what has “pulled” the investment funds is the fact that DIMAND is a company that operates purely in the field of developers and this offers institutional investors another opportunity to invest in real estate .
It is also a company with a clear strategy that supports a Pipeline, of significant size with secured projects, while its intention is to implement agreements that last over time and this is something that the institutional community has appreciated.
In addition, historically the company has developed the ability to find new opportunities and invest in projects that improve the lives of users and upgrade the areas around them, while cooperating with major institutional investors in the implementation of major projects, such as the European Bank for Reconstruction and Development. and Development (EBRD) as well as large multinational companies.
Finally, it is a company that has achieved historically significant growth rates and is a pioneer in green growth, while it should not be overlooked that it has signed a series of emblematic projects (which it has carried out or is implementing), including the Tower of Piraeus. , the former tobacco factory of Papastratos company in Agios Dionysios Piraeus, the former department store “MINION”, the first green hotel in Greece under the brand Moxy of Marriott International, the building of AGEMAR company, interests of the Angelikoussis family and the new stadium of AEK.
According to information from fund managers and representatives of family offices as well as institutional investors and stockbrokers, many investors have expressed interest in increasing the share capital of DIMAND while in recent days the company’s management has made dozens of updates to investors.
Stock exchanges reported in Capital.gr that yesterday (29/6) DIMAND AMK had already been covered once.
Source: Capital
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