Easternmed Real Estate Capital Plc, incorporated in Cyprus and listed on the Cyprus Stock Exchange, has reported on the group's progress in relation to the implementation of the business plan for 2025, which made significant investments during the year, including the acquisition of five new properties.
The company is the sole shareholder of other Cypriot holding companies, owners of commercial real estate mainly in the office sector in the United Kingdom and Switzerland, for long-term rental yields and capital appreciation.
Regarding financial performance and turnover, a significant increase in total rental income is expected in 2025, which is projected to reach £36,000,000, compared to £28,000,000 in 2024.
The increase is mainly due to the acquisition of five new properties (two in London and three in Switzerland) during the year, the collection of compensation for work on offices and shops from the expiration of contracts (dilapidations), amounting to approximately £1,800,000, as well as the securing of new leases that replaced contracts that ended in 2024, with revenues that began to be collected at the end of 2025 or will begin at the beginning of 2026.
Management costs and renovations
Expenses for 2025 are estimated to amount to £21,500,000, compared to £16,000,000 in 2024. The increase is due to the renovations carried out at the Thames Court buildings (Alphaprecious Ltd and Medspectrum Limited) and Rue de Lausanne 80-82 (IHC Immobilien Limited).
Furthermore, it is noted that the increase is affected by the inflation observed in the United Kingdom and Switzerland in 2025.
Investments within the year
During 2025, the group proceeded to acquire, through shareholder contributions, the companies Interframe Holdings Ltd, Forumframe Ltd, Intertime Holdings Ltd, Primescore Holdings Ltd, Societe Anonyme du Quai du Leman, Interprestige Ltd, Forumcenter Limited and Intercenter Limited.
In addition, upgrade investments of £7,414,380 were made in the Thames Court building, which is owned by Alphaprecious Ltd and Medspectrum Limited, and £300,000 in the Faryners building, which is owned by Classpremium Ltd.
Liquidity and strategy
As reported, the group has sufficient liquidity, with term deposits in British pounds of approximately £3,000,000. There is no external borrowing, as the group's strategy is to finance investments exclusively through equity and shareholder contributions, thus ensuring its independence.
In addition, the group has invested £1,250,305 in various properties abroad, through a licensed Pictet Fund (Bank Pictet & CIE). This contribution concerns a commitment by the Company for a total investment of $20,000,000 over a five-year period. The management has decided not to distribute a dividend from the profits, in order to maintain liquidity for future investments in properties when appropriate opportunities arise.
Moreover, the management expresses satisfaction with the course of activities and will continue to closely monitor developments, acting in accordance with the group's development strategy.
Purchase of €86.5 million property in Germany by a subsidiary
Meanwhile, Easternmed Real Estate Capital Plc recently announced that its subsidiary Interprestige Ltd has acquired the property located at Am Kaiserkai 1, in Hamburg, Germany.
Specifically, the purchase price for the property, including the down payment that had been made, amounted to €86,500,000, fully compliant with the terms of the agreement.
Payment was made entirely in cash via bank transfer.
It is emphasized that the property has been purchased by the subsidiary company Interprestige Ltd at the market value of the property, following the submission of a relevant offer. The transaction does not result in any capital gain, profit or loss for the company.
The seller of the property was the company German Opportunities III GmbH & Co. Geschlossene Investmentkommanditgesellschaft KG.
The contribution of the money for the transaction price was made to Easternmed Real Estate Capital Plc by its shareholders Athanasios (Thanasis) Martinos, Marina Martinou and Marina Mathilde Martinou and then Easternmed Real Estate Capital Plc paid the price to the sellers on behalf of Interprestige Ltd, which now owns the property.
It is also added that the amount contributed by shareholders to Easternmed Real Estate Capital Plc does not bear any interest and is expected to be capitalized in early 2026.
Among other things, it is emphasized that the transaction is being made on a purely commercial basis, while this purchase will yield rents on a monthly basis, as well as the other real estate investments made by the Easternmed Real Estate Capital Plc Group, and is expected to increase the group's profitability.
- More about Easternmed
Easternmed Real Estate Capital Plc was incorporated in Cyprus on February 14, 2019 as a Public Liability Company (PLC) and is listed on the Cyprus Stock Exchange, in the "emerging markets" market.
The company's main activity is investments in the real estate sector.
The company is the sole shareholder of other Cypriot holding companies (holding companies), owners of commercial real estate mainly in the office sector in the United Kingdom and Switzerland, for long-term rental yields and capital appreciation.
The group's revenue consists mainly of rents and other income collected from rental properties.
(Source: InBusinessNews)
