The Port of Piraeus is an important ferry port in Europe, as well as an important cruise port, car ship transfer port and ship repair center in the Mediterranean Sea. The Port of Piraeus just reported on 15 March the highest level of profitability in its history during 2021, with profits after taxes surpassing $40 million (€36.8 million), a significant increase of 39.4% compared to 2020. Piraeus Port Authority believed the dynamic sustainable growth path will expand Piraeus port into the biggest harbor in Europe and one of the most important ports in the world in environmental, digital, societal and governance terms.
Since 2009, COSCO SHIPPING has started to operate No. 2 and No. 3 container terminals in Piraeus. In 2020, a Greek court gave the go-ahead for China’s COSCO to increase its stake in the Piraeus Port Authority (OLP) from 51 percent to 67 percent. It is believed the further investment would not just bring the thriving prospect of the port but also spur the economic activities and benefit the local community.
No less than the thriving prospect of the port, Athens-Piraeus Street and its surrounding area have at least 7 medium and large real estate investments led by either listed real estate developers or private equity firms. The projects are either in completion stage or are in preparation to commence construction, gradually transforming Athens-Piraeus Street from a purely industrial street to a modern one with offices, commercial space and urban resort development.
Our newly developed Project One and Ipsos@Piraeus are located in Kaminia, an old satellite residential and commercial area to Piraeus.
Kaminia is located in a key location in the urban renewal area of Piraeus, surrounded by many medium and large-scale complex real estate investment projects. Planning or completion: