Hellenic Properties, a real estate investment and development firm focusing on Greece, has achieved a milestone with €135 million in property investments over the past two years. This brings its total investment portfolio to €200 million, spread across 14 projects. The firm’s alliance with Vamare Investments Group, a Greek family office, aims to expand its portfolio to over €500 million in Gross Development Value (GDV) by 2030.
The company’s diverse portfolio spans hospitality, office, and residential properties located in prime Greek locales. Currently, Hellenic Properties has an investment pipeline valued at more than €130 million, with a considerable portion dedicated to hospitality projects. To facilitate these investments, the firm has secured €66 million in debt financing from prominent Greek financial institutions.
Hellenic Properties has successfully completed five project exits to date, achieving an average equity multiple of 2.15x. It plans to finalize three more exits by the close of 2026, as part of its strategy to recycle capital and expand its holdings. In terms of income projections, the company anticipates its leasing portfolio will generate around €4.1 million in net income by 2026. Additionally, it forecasts an average project-level leveraged internal rate of return (IRR) of 22.9%.
As part of its growth strategy, the firm is increasing its hospitality investments, recently securing a deal to acquire its third hospitality asset in mainland Greece. This acquisition supports Hellenic Properties’ ambition to build a more extensive hospitality investment platform. Looking forward to the 2027-2030 period, the company intends to shorten its average investment cycle to under 3.5 years, expand its base of family-office and institutional investors, and leverage technology for enhanced portfolio management efficiency.
The strategic focus for Hellenic Properties includes disciplined risk management, diversification across sectors, new acquisitions, and more efficient capital recycling, all aimed at reaching the €500 million GDV target. The company’s contact information remains readily available for further inquiries: Phone +30 21 0331 1000 and Email [email protected].
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