Hellenic Properties, a real estate investment and development firm with a focus on Greece, has marked a significant milestone by completing €135 million in property investments over the past two years. This achievement has brought the firm’s total investment track record to €200 million, spanning 14 projects. In partnership with Vamare Investments Group, a Greek family office, Hellenic Properties is ambitiously aiming for a portfolio that exceeds €500 million in Gross Development Value (GDV) by 2030.
The firm’s portfolio is diverse, including hospitality, office, and residential properties situated in prime locations across Greece. Currently, Hellenic Properties has an investment pipeline valued at over €130 million, with a substantial portion allocated to hospitality projects. To bolster these investment efforts, the company has secured €66 million in debt financing from major Greek financial institutions.
To date, Hellenic Properties has completed five project exits, achieving an impressive average equity multiple of 2.15x. Looking ahead, the firm anticipates completing three more exits by the end of 2026. This strategy is part of their broader goal to recycle capital and expand their portfolio further. By 2026, the company expects its leasing operations to generate about €4.1 million in net income, with an average project-level leveraged internal rate of return (IRR) projected at 22.9%.
Expanding its hospitality portfolio remains a key focus for Hellenic Properties, as evidenced by their agreement to acquire a third hospitality asset in mainland Greece. This acquisition supports their plan to establish a more substantial hospitality investment platform. As part of their 2027–2030 strategy, the firm aims to reduce the average investment cycle to under 3.5 years, expand its investor base to include more family offices and institutional investors, and leverage technology-driven portfolio management to enhance operational efficiency.
Hellenic Properties emphasizes disciplined risk management, sector diversification, strategic new acquisitions, and efficient capital recycling as core elements of their strategy to reach the €500 million GDV target. These measures are intended to ensure sustained growth and robust performance in the evolving real estate market. For further information, Hellenic Properties can be contacted via phone at +30 21 0331 1000 or email at [email protected].
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