Real Estate Portfolio Diversification
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Akropolis Group has closed the Galio Group acquisition transaction
Globenewswire· 2025-09-25 15:55
Core Insights - Akropolis Group has successfully completed the acquisition of Galio Group, becoming the sole owner of the company, which is expected to enhance revenue growth and development opportunities [1] Group 1: Acquisition Impact - The acquisition has increased the value of Akropolis Group's real estate portfolio by approximately 30%, rising from EUR 1.1 billion to EUR 1.4 billion [3] - The number of income-producing properties managed by Akropolis Group has expanded significantly from 5 to 60 following the acquisition [3] - The concentration of shopping centers within the portfolio has decreased from 96% to 73%, indicating a diversification across different asset classes [3] Group 2: Company Background - Galio Group has been involved in the development of commercial and residential real estate projects in the Baltic region for nearly 20 years, managing assets valued at over EUR 300 million [2] - Akropolis Group currently manages five shopping and entertainment centers, including three in Lithuania and two in Latvia [4] - Post-acquisition, Galio Group will continue to develop real estate projects in the Baltic States, including ongoing residential projects like reVINGIS and Mosso in Vilnius [4]
Akropolis Group is growing and diversifying its real estate portfolio: It plans to acquire Galio Group company
Globenewswire· 2025-09-22 15:55
Core Insights - Akropolis Group has signed a credit agreement with Swedbank for EUR 110 million to acquire 100% of shares in Galio Group, with the credit accounting for slightly less than half of the transaction price [1] - The share purchase agreement has been signed, and the transaction is expected to close soon, with both companies having the same ultimate beneficial owners [2] - The acquisition will significantly increase and diversify Akropolis Group's real estate portfolio, enhancing its project management and development capabilities [3] Financial Impact - After the transaction, Akropolis Group's real estate portfolio value will increase by approximately 30%, from EUR 1.1 billion to EUR 1.4 billion, and the number of income-producing properties will rise from 5 to 60 [5] - The concentration of shopping centers in the portfolio will decrease from 96% to 73% of the portfolio value, indicating a diversification strategy [5] Company Background - Akropolis Group currently manages five shopping and entertainment centers in Lithuania and Latvia [4] - Galio Group has been involved in the development and management of commercial and residential real estate projects in the Baltic region for nearly 20 years, with managed assets exceeding EUR 300 million [4] - In 2024, Galio Group reported consolidated income of EUR 31 million and EBITDA of EUR 17 million, while Akropolis Group reported consolidated income of EUR 125 million and EBITDA of EUR 88 million [7] Future Plans - No changes are planned in the governance structure or management of Galio Group post-transaction, and the company will continue to develop real estate projects, including ongoing residential projects in Vilnius [6]