With 120 years of business history, i.e. from the moment it was founded by Theodore Ten Brinke, the Dutch multinational real estate development company, which today has a turnover of approximately 1.3 billion euros through its international activity, has in recent years also opened its door Greece in addition to the other markets – such as Germany for example – where it operates.
In Greece, in addition to housing, a sector in which it invests a lot, it has made important collaborations with the Fourlis group, in cases of the construction of commercial parks, such as the one on Piraeus Street, but also in other commercial developments of the Fourlis group in Crete or Patras. Another recent job of the company was the two-story store of Masoutis and Max Stores on Vouliagmenis Avenue in Glyfada.
On an international plot, it has managed to develop into a key player in the international real estate development market. From concept to implementation, as a designer, builder and building manager.
Entering the Greek market since 2008
In Greece, Ten Brinke is represented administratively by Fotis Yoftsios, managing director and vice president of the company. In Greece, the company has been active in real estate development since 2008. It entered our country at a time when it encountered the economic crisis. However, having international experience in crises and international events, he managed to create opportunities from the crisis.
The properties it examines belong to all categories such as offices, commercial buildings, residential and logistics. However, it undertakes the entire investment, starting with the purchase of the land, the study and ending with the construction and commercial exploitation of the properties in which it invests for interested investors.
At the moment, Ten Brinke still seems to see significant opportunities in Greece
as its investments for the next three years are estimated to exceed 300 million euros. In fact, it seems that Greece is a strong investment alternative for the company, which is faced with the stagnation of real estate in Western European countries such as Germany, where there is a rather sharp decline in the market given the increase in interest rates brought by inflation . This has resulted in property values falling given the drop in demand. In our country at the moment the facts are completely different as Greece came out of a deep economic crisis.
Intense activity in the southern suburbs and cooperation with supermarket chains
It shows intense activity in the southern suburbs where it has developed dozens of apartment buildings in the last period of time, taking advantage of the dynamics presented by the wider area. In the southern suburbs, he is making mixed investments, satisfying on the one hand the strong demand that exists for new homes and also in the retail sector with the 6,000 square meter building that houses Masoutis and Max Stores, where a residential building is being created on the same plot.
In addition to Masoutis, the company cooperates with all major supermarket chains, such as AB Vassilopoulos and also Sklavenitis, on behalf of which it is preparing the new ready meals preparation plant for the Sklavenitis group, in a property of 25,000 sq.m. in Magoula, which is expected to be delivered in 2024. We will remind you that it has also collaborated with the ANEDIK Kritikos chain, creating a store on its behalf in Agrinio.
As part of its strategy, it builds “green” buildings, following the ESG standard for buildings with a positive energy footprint, as all major investment houses as well as institutional investors in Greece are looking for the specific buildings that offer goodwill. This fact is a one-way street for all real estate development and construction companies today and for years to come.
The portfolio of the Dutch group in the domestic market includes foreign investors from Israel, the Middle East, family offices from Europe and also Greek investors. The group finances its new developments from its own funds, as it has strong liquidity, by reinvesting its funds.
