Why Piraeus? Billions€ Upgrading Investment Plan Is Expected
The Promising Piraeus
The Greater Piraeus Area emerged as one of the top three real estate hotspots in 2022, with both property sales and rental prices experiencing significant growth. Particularly strong price increases were seen in central Piraeus and its suburbs, where the Center-Port area recorded a remarkable +10% rise in property values compared to 2021. This upward trend is driven by major infrastructure improvements—most notably, the launch of new metro stations in October 2022—alongside ongoing investment in urban regeneration, including the transformation of abandoned warehouses and factories. With several large-scale revitalization projects underway, Piraeus is fast becoming one of Athens’ most vibrant and promising areas for investors and residents alike.
Important landmarks
- World's largest vessel management company: V. Ships Greece Headquarters
- Piraeus Papastratos Office Area
- Famous University of Piraeus
- Karaiskaki Stadium: Largest football stadium and homebase for famous Football Club Olympiacos
- Well-known Olympic Games Venue, Peace and Friendship Stadium, and nearby sports area and Marina
- Brand New Piraeus Retail Park One of the Best Private Hospitals, Metropolitan Hospital
- Mikrolimano and Pasalimani Popular Marina and F&B Area
- Famous Stavros Niarchos Foundation Culture Center
More High-Profile Real Estate Investments
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.
- The new office area investment project led by the real estate company Dimand is transforming the old tobacco factory buildings of Papastratos into a modern office and residential area with retro features.
- The Tower of Piraeus is the second highest modern commercial office and residential building in Greece.
- The going-on new Piraeus Courthouse: it is an impressive approximately 41,000 sqm project, housing both judicial and administrative services, and will accommodate around 310 judicial staff and 565 administrative employees, with projections for up to 1,200 total professionals working on-site
- EOMMEX, an old warehouse of 3,300 square meters in the past 80 years, will also be converted into an office, residential and medical service center. The original Viohalco factory will be converted into an area with office, residence, hotel, cultural leisure and technology research and development. Total investment It is expected to exceed 150 million.