Hellenic Properties, a real estate investment and development company focused on Greece, has significantly expanded its investment footprint by completing €135 million in property investments over the last two years. This achievement brings the firm’s total investment record to €200 million, spread across 14 different projects. In collaboration with Vamare Investments Group, a Greek family office, Hellenic Properties aims to grow its portfolio to exceed €500 million in Gross Development Value (GDV) by the year 2030.
The company’s current real estate holdings span hospitality, office, and residential properties located in prime areas throughout Greece. Currently, its investment pipeline is valued at more than €130 million, with hospitality projects comprising a substantial portion of these investments. To support its growing investment activities, Hellenic Properties has secured €66 million in debt financing from leading Greek banks. So far, the firm has successfully exited five projects, yielding an average equity multiple of 2.15 times, and plans to execute three more exits by the end of 2026 to maintain capital recycling and portfolio expansion efforts.
Looking ahead to 2026, Hellenic Properties anticipates its leasing portfolio will generate approximately €4.1 million in net income. Furthermore, the company forecasts an average project-level leveraged internal rate of return (IRR) of 22.9%. As part of its strategy to expand its hospitality sector investments, Hellenic Properties is set to acquire its third hospitality asset in mainland Greece, reinforcing its efforts to build a more robust hospitality investment platform.
In its strategic vision for 2027 to 2030, Hellenic Properties plans to decrease its average investment cycle to less than 3.5 years. This strategy includes expanding its base of family-office and institutional investors, as well as leveraging technology-driven portfolio management to enhance operational efficiency. The company aims to focus on disciplined risk management, sector diversification, new acquisitions, and more efficient capital recycling in its pursuit of the €500 million GDV target.
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