DIMAND recently acquired three city blocks in Piraeus that housed the former Papastratos tobacco facilities and has created a joint venture with Grivalia Properties for the redevelopment of one of them into an upgraded commercial use building, to be delivered in mid 2017.
The property enjoys excellent accessibility to the Piraeus port and its business centre. It will have a superstructure GLA of c.10.500 sq.m and underground parking and auxiliary areas of c.4.000 sq.m. It will be developed according to the principles of sustainability, ensuring its energy and environmental efficiency. The total capital investment is estimated at around €14m;
The project is expected to create value for its shareholders and the Piraeus community.
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