Apartment complex in Piraeus, Attica

THE ASSET

• Branded hospitality building – Upscale / Luxury Brand
• 1^st Row on Marina Zeas, Piraeus – a mega yacht marina
• 8 Floors
• 58 Units
• Fully furnished luxury suites
• GYM
• SPA
• Lounge area
• 24/7 concierge

PROJECT DESIGN

This project is the result of a collaboration with world-famous architect Jean-Pierre Heim, known for its impressive portfolio and global recognition.

The inspiration for the project was the symbol of Greece is the olive tree, which the talented Jean-Pierre Heim embodied in various architectural and design elements of the project. Oliva is associated with peace, prosperity, and beauty. Its symbolic meaning enhances the elegance and charm of the project.

Jean-Pierre Heim is known for his talent in creating iconic and recognizable architectural projects. A design of this project is an essential part of the Piraeus landscape and attracts attention with its superiority and aesthetic appeal. Caroline Heim, daughter of Jean-Pierre Heim also contributed to the development of interior design. Her experience and creativity created a unique and elegant new style of interior design of apartments in the project. That created a harmonious combination between the exterior of a building and its interior space.

Architectural style and interior design of the project merged to create unique atmosphere, filled with light and luxurious view on the sea for its residents. Attention to detail, the use of quality materials and aesthetic perception are the main aspects of the project. The cooperation of the famous Jean-Pierre Heim and his daughter Caroline Heim, the project promises to be a visiting card of Piraeus and a symbol of elegance and charm in this area.

INVESTMENT HIGHLIGHTS

• Smart Revenue Split – 60% of room revenue – projected revenue with P/L analysis to be provided by the hospitality brand to interested parties
• 10 year minimum contract with the management company
• Hassle free – marketing, booking, communication is handled by the management company
• Investor Benefits – Spa and gym access
• No other fees to be paid – monthly maintenance, Ministry of Tourism levies, business operations insurance, marketing fees, expenses are all included
• Can resale unit through pool of investors once unit is paid

KEY FEATURES

• New LED technology lighting
• Heating pump
• Aluminum joinery sith double glass
• Moisture insulation – thermal insulation – thermal façade
• Modern interior design
• Electric roller shutters
• New mechanical, wiring, plumbing and drainage systems installation

BRANDED SERVICED APARTMENTS

With more than 13,400 branded serviced apartment units expected to open in Europe in the coming four years, the sector continues to show a very active pipeline. 35% (around 4,700) of the units are due to open in 2022, followed by 32% in 2023, 23% in 2024 and another 10% in 2025. The sizes of the planned projects vary from 32 to 369 units, with an average of 138 units.

The UK and Germany lead the way, accounting each for 25% of units in the total pipeline. With around 47% of the units in the country’s pipeline, London continues to be the top location for the development of serviced apartments in the UK, followed by the cities of Cambridge (18%) and Manchester (7%).

London is also the city with the largest pipeline overall, accounting for around 12% of the European pipeline. In Germany, Frankfurt and Munich reflect 21% of the country’s development pipeline each, followed by Hamburg (14%) and Stuttgart (9%).

DISTANCES

• Athens historical center – 12 km
• Athens international airport – 49 km
• Faliron Bay – 50 m
• The Hellinikon Project – 2,5 km
• Piraeus Retail Park – 3,8 km