Hellenic Properties, a real estate investment and development firm with a focus on Greece, has successfully invested €135 million in properties over the last two years, enhancing its total investment record to €200 million across 14 projects. In collaboration with the Greek family office Vamare Investments Group, the company is ambitiously aiming for a portfolio with a Gross Development Value (GDV) exceeding €500 million by the year 2030.
The firm’s diverse portfolio showcases hospitality, office, and residential properties located in prime Greek areas. Currently, Hellenic Properties has an investment pipeline surpassing €130 million, with a significant portion dedicated to hospitality projects. To bolster its investment endeavors, the company has secured €66 million in debt financing from leading Greek financial institutions. So far, Hellenic Properties has successfully exited five projects, yielding an average equity multiple of 2.15x, and plans to complete three more exits by 2026 as part of its strategy to recycle capital and further expand its assets.
For the year 2026, the company anticipates its leasing portfolio will generate around €4.1 million in net income. Additionally, Hellenic Properties is projecting an average project-level leveraged internal rate of return (IRR) of 22.9%. As part of its efforts to grow its hospitality investments, the firm has entered into an agreement to purchase its third hospitality asset in mainland Greece, aligning with its vision to build a more substantial hospitality investment platform.
Looking ahead to the 2027–2030 period, Hellenic Properties intends to shorten its average investment cycle to under 3.5 years. The firm also plans to expand its base of family-office and institutional investors and enhance operational efficiency through technology-driven portfolio management. Its strategic direction will emphasize disciplined risk management, sector diversification, new acquisitions, and more efficient capital recycling in pursuit of its €500 million GDV goal.
Hellenic Properties can be contacted through their phone number +30 21 0331 1000 or via email at [email protected].
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