Dimand CEO Dimitris Andriopoulos, speaking at the 4th OT Forum, referred to the significant redevelopments of buildings in the centre of Athens, noting that "we have always looked at the areas where we have undertaken some activity in order to create new poles.".

MINION

Referring to MINION, Andriopoulos noted that as a building, the project is ready, while at this stage the users are doing their own work. He said that PPC, ZARA, and Inditex have settled in their own offices and will finish by February or early March. So by early March at the latest, three-quarters of the building will be fully operational. 

NEXT PROJECTS

Dimand's CEO noted that apart from the Minion and the Moxy Hotel in Omonia, the company has taken on five other buildings, with the aim of the overall upgrading of the downtown area, along an axis from Patission to Syntagma. He mentioned that they are currently processing the permit to commence work on the Korai and Stadiou Stoa, and they anticipate starting the reconstruction of a 3,150-square-meter standalone office building at the intersection of Lycurgou and Apellou streets in 2025. Other projects include the reconstruction of the existing commercial building that houses Notos.com, the State Council buildings, and the reconstruction of the former Ethniki Insurance building at the junction of Korai and Stadiou streets, which will house the headquarters of Piraeus Bank. 

THE PROGRESS OF THE MARKET 

Referring to the course of the market, the CEO of Dimand stressed that "Greece is the exception of the West in real estate development," as our country did not follow the steps of the rest of Europe due to the more than ten years of economic crisis, and as a result, "we are still shunned by Western investors.". 
However, he stressed that the Greek real estate market "is not a bubble," as growth is not based on borrowing while demand is still higher than the rate of building construction. In addition, he said that there continues to be a large wave of property purchases by foreign buyers as domestic prices remain lower than the rest of the West.