With a building factor of 1.8, the development of the plot, "A-P1.4," in Elliniko, which will be developed by Lamda Development, in cooperation with a group of interests of the family of its main shareholder, Spyros Latsis (Xeris Ventures),.
This is a development to be carried out by the Aura Residential consortium in the Little Athens neighbourhood, with the market value of the property estimated by Danos and Partners at €33.1 million.
According to the design, the project, which follows the Build-to-Rent (BTR) model, will be completed by the end of 2028 and will see the construction of four buildings, with the main use being residential.
IN BRIEF
TOWERS 1,2,3
For lease
Apartments
- One bedroom: 9
- Average surface: 70 sq. m.
- Two bedrooms: 66
- Average surface area: 102 sq. m.
- Three-bedroom apartments: 63
- Average surface area: 131 sq. m.
- Four-bedroom: 18
- Average surface area: 202 sq. m.
For sale
Apartments
- One bedroom: 4
- Average surface area: 70 sq. m.
- Two bedrooms: 12
- Average surface area: 115 sq. m.
- Three bedrooms: 13
- Average surface area: 177 sq. m.
- Four bedrooms: 15
- Average surface area: 232 sq. m.
- Five bedrooms: 1
- Surface area: 353 sq. m.
The buildings will have a height of 11 to 12 meters, and the business plan foresees an average rent of €37 per square meter for those that are rented and an average price of €10,400 per square meter for those that are sold.
