Briq Properties

What Briq Properties does

BriQ Properties Α.Ε.Ε.Α.Π. is a Greek Real Estate Investment Company (REIC) founded in 2016 and listed on the Main Market of Euronext Athens since July 31, 2017 (ticker: ΜΠΡΙΚ). The company acquires, owns, and actively manages approximately 52 high-specification commercial properties across Greece with a combined gross asset value of €288 million as of March 2026, organized into five property categories: logistics and distribution centers, offices, hotels, retail spaces, and other specialized sectors. BriQ's portfolio spans Attica, Northern Greece (Thessaloniki), and the Greek islands (Skiathos, Paros, Tinos, Corfu), anchored by enterprise tenants including Alpha Bank, Leroy Merlin, Sklavenitis, Vodafone-Panafon, TMF Group Hellas, and Radisson.

The company generates revenue primarily through long-term commercial rental income from its diversified property portfolio, maintaining a 99.4% occupancy rate. Its go-to-market motion combines direct B2B leasing to enterprise tenants, a scrip dividend reinvestment program for shareholder engagement, and active investor relations on the Athens Stock Exchange. BriQ operates through wholly-owned subsidiaries BriQ Warehouses SA (logistics real estate) and BriQ Hospitality SA (hotel real estate), and completed a strategic merger with ICI (Intercontinental International REIC) in December 2024, materially expanding its combined portfolio.

BriQ maintains a conservative capital structure with Net LTV below 50%, an AA credit rating from ICAP CRIF RATINGS (maintained June 2026), and operates with a small management team (7 senior members). Ownership is concentrated, with Theodoros Fessas holding 30.9% as the largest shareholder and a free float of 39.9% distributed across mutual funds, private investors, social security funds, and insurance companies. The company pursues a sustainability agenda including LEED-certified office developments (AENORA Offices in Kallithea) and published ESG reports.

Name

Briq Properties

Legal name

BriQ Properties Α.Ε.Ε.Α.Π.

Website

https://briqproperties.gr

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

BriQ Properties is a Greek Real Estate Investment Company (REIC) listed on Euronext Athens that owns and actively manages approximately 52 high-specification commercial properties valued at €288 million across logistics, offices, hotels, and retail, primarily serving enterprise tenants and institutional investors in Greece.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Real Estate and Rental and Leasing (53)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Commercial real estate leasing
• Real estate investment trust
• Logistics properties
• Greek commercial property
• Office retail hotels

Headquarters

HQ city

Kallithéa

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Rental Income: Primary revenue stream from renting commercial properties including logistics centers, office buildings, hotels, and retail spaces to tenants under long-term lease agreements. The company maintains a 99.4% occupancy rate across its portfolio, generating stable and recurring rental income.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

BriQ Properties is a Greek Real Estate Investment Company (REIC) that acquires, owns, and actively manages a portfolio of high-specification commercial properties in Greece, including logistics and distribution centers, offices, hotels, and retail spaces. The company leases these properties to enterprise tenants under long-term agreements, generating recurring rental income, and makes its portfolio accessible to investors through a listing on Euronext Athens along with a scrip dividend reinvestment program.

Product overview

BriQ Properties is a Greek Real Estate Investment Company (REIC/AEEAP) that operates as a diversified commercial real estate investment platform. The company's portfolio consists of five main property categories: Logistics and Distribution Centers, Office Buildings, Hotels, Retail Properties, and Other Specialized Sectors. The company manages 51-52 high-end commercial properties valued at approximately €288 million as of March 2026, with 99.4% occupancy rate. In addition to its core property investments, the company offers a Scrip Dividend Program for shareholder dividend reinvestment and completed a significant merger with ICI in late 2024, expanding its portfolio through acquisition of 27.02% of ICI's share capital.

Differentiator

Problem solved

Functional benefit

Products and services

• Logistics and Distribution Center Properties Distribution and storage center properties including warehouses in locations such as Aspropyrgos, Mandra, Rentis, Acharnes, and Metamorfosi, leased to enterprise tenants including Leroy Merlin and SGB.
• Office Properties Commercial office buildings and spaces in the Athens metropolitan area, including LEED-certified offices such as AENORA Offices in Kallithea, leased to corporate tenants.
• Hotel Properties Hotel investments including The Modernist Athens, Radisson Resort Plaza Skiathos, and Mr & Mrs White Hotel properties in Paros, Tinos, and Corfu.
• Retail Properties Retail spaces including bank branches, supermarkets, and commercial stores across Greece, with major tenants including Alpha Bank, Sklavenitis, Vodafone, and Next Gen Retail Services.
• Other Sector Properties Specialized commercial properties including a historic four-story building in Thessaloniki leased to Alpha Bank and subleased to a private college.
• Scrip Dividend Program Dividend reinvestment program allowing shareholders to reinvest dividends into new BriQ Properties shares, with interim dividend of €0.12 per share for fiscal year 2025 and May 2026 capital increase of €2,154,497.10 issuing 1,025,951 new shares.

Quantifiable outcome

• 99.4% portfolio occupancy rate
• +4 more outcomes

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• ICI (Investment Company)coreOthers · 23 December 2024BriQ Properties completed a merger with ICI (Investment Company). The merger process included: acquisition of 27.02% of ICI's share capital, publication of Draft Merger Agreement on October 14, 2024, signing of merger contract on December 9, 2024, exemption document pursuant to Delegated Regulation (EU) 2021/528 published December 17, 2024, and commencement of trading for new shares on December 23, 2024. The merger represents a significant strategic transaction expanding the combined entity's real estate portfolio.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Cofinimmo: Belgian REIT with diversified European healthcare and office assets. Comparable listed REIT governance, conservative LTV profile, and AA-tier credit positioning relevant to BriQ's institutional investor narrative.
• Klépierre: European retail-led REIT with continental shopping-center portfolio. Provides comparable framework for evaluating BriQ's retail asset strategy, tenant credit quality, and footfall-driven asset risk.
• Gecina: Major European office-focused REIT listed in Paris. Comparable office asset management discipline and capital-markets governance, useful benchmark for BriQ's office strategy and European REIT valuation framework.
• Lamda Development: Largest Greek real estate developer anchored by the Ellinikon mega-project. Overlapping commercial real estate exposure in Greece but primarily a developer/operator rather than a yield-driven REIT, providing a broader incumbent benchmark.

Direct peers

• Pangaea REIC: Greek REIT investing in Greek commercial real estate including offices, retail, and industrial. Directly comparable business model, capital structure, and Athens-based operating footprint.
• Trastor REIC: Greek REIT focused on commercial property investments including offices, retail, and logistics across Greece. Direct peer with comparable portfolio mix and target tenant profile.
• Prodea Real Estate Investments: Largest Greek REIT listed on the Athens Stock Exchange, holding diversified commercial real estate across offices, retail, logistics, and hospitality. Closest like-for-like peer to BriQ given shared REIC structure, Greek-only mandate, and institutional investor base.
• Noval Property REIT: Greek REIT (formerly Ektasis Properties) with diversified commercial property portfolio. Comparable scale and GAV profile to BriQ and competes for the same institutional investor pool on Euronext Athens.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/briq-properties-r-e-i-c

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Briq Properties