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A High-Yield Investment Opportunity
Serviced apartments are flexible accommodation units designed in line with the latest design trends and equipped with modern appliances, creating a home-like environment for short-, medium- or long-term stays.
Serviced apartments are an ideal accommodation option for students, young professionals, tourists and executives. Their flexibility for guests and the range of ways investors can use these properties are among the key factors that make them attractive.
The serviced-apartment sector in Athens, Greece, is emerging, gaining popularity and expanding throughout the city. It is filling an important gap in the accommodation market.
Although residential options in Athens remained largely unchanged for decades, accommodation needs have shifted significantly across a broad audience, from students and companies to tourists. Athens is therefore welcoming this long-awaited new asset class.
Entering this growing residential market at an early stage offers investors opportunities with the potential to increase substantially.
Companies hiring hundreds of employees from around the world to work in their Athens offices, sports clubs bringing families while scouting young international athletes, and private educational institutions all have accommodation needs that serviced apartments can meet.
Our company is one of the leaders in investment-property development concepts in Greece and has introduced a high-yield real-estate product accessible to investors of all types.
An asset is acquired in a strategic location:
Negotiations are held only with reliable, AAA-rated tenants, and an agreement is structured to generate returns for at least two resale cycles.
Tenants are assessed against the following criteria:
Our company has conducted a broad evaluation of operators, including Greek and international serviced-apartment management companies.
The process included:
Following this process, the Board announced a strategic partnership with one of Greece’s leading serviced-apartment management companies.
The management company currently operates more than 200 serviced apartments across Greece and Cyprus and will manage the 57 serviced studio apartments in our project.
Dafni