PIRAEUS GOLD II
Overview
Second achievement in Piraeus, this project consisted of the development, rehabilitation and renovation of two adjoining residential buildings in the center of Piraeus, in a residential area popular with foreign students.
Spread over 3 floors, each residence consist of 5 studios (between 30 and 40 m2) with all comfort and high standing assigned to long-term rental.
The project was divided into 3 stages: Restructuring and restoration of the foundations, internal and external renovation of the building and the layout of the concept.
The foundations of the existing building have been reinforced, a concrete mantle 20 cm thick was established to reinforce the building, as required by the building regulations. The building frames is thermally insulated with energy glazing.
Each apartment is developed according to energy-efficient A + standards and with robust and quality materials.
Project Features
Geographical area
Piraeus in Attica
Piraeus is Athens’s main port and the departure point for travelers to the Aegean Islands. Piraeus is one of the largest ports in the world for passenger traffic (estimated at twelve million travelers). It is also the territory of a large number of students, especially because of its proximity to the city of Athens but above all to the large European University of Piraeus, which hosts no less than 58,000 students from all over the world.
3 new metro stations will be opened in early 2022, including Maniatica, 20 meters from the project.
+ Rental market : The real estate value of the sector continues to increase, due to a significant demand for long-term rental from the student world.
+ Financial advantage : The tenants themselves provide for the payment of the property tax.
Operation
Included in the purchase: Purchase – rehabilitation – equipment – costs and fees – constitution of the strategic sheet and implementation – complete renovation – rental management under option.
Development stage: [8/8]
Objective:
- Purchase of buildings and design of the project.
- Realization and construction.
Optional
- Rental management over a maximum period of 3 years.
- Resale management of apartments.
