Prodea Investments, Greece’s largest real estate investment company (REIC), has launched an investment programme approaching 400 million euros across logistics, hospitality and residential developments, while continuing the restructuring of its property portfolio.The company’s revised strategy focuses on hospitality assets, logistics properties and specialised sectors, including data centres and build-to-rent residential developments. Speaking at the company’s annual general meeting, the management said disposals of assets that do not fit its long-term strategy will continue. Among the transactions currently underway is a binding agreement for the sale of a major office complex in Bulgaria valued at approximately 90 million euros.According to management, Prodea completed two transactions with a combined value of 1.2 billion in 2025, while total asset disposals reached 1.4 billion. The sales primarily involved non-core assets, bank branches and investments in less strategic sectors.In the logistics segment, Prodea plans to invest 98 million euros in new developments. In hospitality and residential projects across Greece, Cyprus and Italy, the company is implementing an investment programme worth 292.9 million euros. Chief Executive Officer Aristotelis Karytinos said the group may also consider expanding into other Mediterranean markets.The company’s existing logistics portfolio comprises modern facilities covering approximately 131,000 square metres in Aspropyrgos, Elefsina and Markopoulo, all fully leased to tenants with strong credit profiles.At the same time, three new developments are being advanced: the Aspropyrgos Logistics Park, with a gross leasable area of approximately 100,000 square metres; the Markopoulos Logistics Park, spanning around 32,000 square metres near Athens International Airport; and the redevelopment of an 8,000-square-metre property in Assos, Corinthia, which has already been fully pre-let.Shareholders also approved the spin-off of the logistics business. The warehouse portfolio will be transferred to Prodea’s wholly owned subsidiary, Thriasefs. According to market sources, discussions are underway for the entry of two strategic investors into the subsidiary, most likely through a capital increase. Prodea is expected to retain a 51% stake.In hospitality, MHV, the group’s subsidiary focused on hotels and tourism developments, owns a portfolio of nine hotels and resorts, as well as three high-end residential projects. The platform currently manages 12 projects comprising 1,269 rooms and 29 food, beverage and leisure outlets.The investment programme for the hospitality portfolio amounts to 213.3 million euros. For these assets, management is targeting annual revenue of 260 million euros and EBITDA of approximately 79 million euros.The residential segment includes three projects with a combined area of around 18,000 square metres. Investments total 79.6 million, with an expected development timeline of 36 months and targeted sales prices exceeding 16,000 per square metre.At portfolio level, Prodea manages assets worth approximately 2 billion euros. Gross asset value (GAV) stands at 1.8 billion euros, while net asset value (NAV) amounts to 1.4 billion. The portfolio comprises 120 properties with a total leasable area of around 600,000 square metres.Geographically, Greece and Cyprus remain Prodea’s core markets, accounting for 103 properties with a combined value of 1.58 billion euros. Of these, 83 assets are located in Greece and 20 in Cyprus. In Italy, the company owns 13 properties valued at 258 million, while its portfolio in Bulgaria and Romania consists of four properties with a combined value of 107 million.