Hellenic Properties, a Greece-focused real estate investment and development firm, has completed €135 million in property investments over the past 24 months, bringing its total track record to €200 million across 14 projects. The milestone follows the formalisation of a strategic partnership with Vamare Investments Group, a Greek family office. The company is targeting a portfolio exceeding €500 million in Gross Development Value by 2030.
The firm's current portfolio spans hospitality, office and residential assets across Greece. Its active investment pipeline exceeds €130 million, consisting primarily of hospitality investments, supported by €66 million in debt financing from Greece's major lenders. The company has completed five project exits to date, delivering an average equity multiple of 2.15x, and expects three additional exits from mature projects by the end of 2026.
For the full year 2026, Hellenic Properties projects leasing agreements to generate €4.1 million in net portfolio income, with asset values corresponding to an equity multiple of 1.83x and an average project-level leveraged internal rate of return of 22.9%. The company has also signed an agreement to acquire its third hospitality asset in mainland Greece, which it describes as the foundation for a dedicated hospitality investment platform.
Under its 2027–2030 strategic plan, the firm aims to shorten the average investment cycle to below 3.5 years, broaden its base of family office and institutional investors, and scale operations through technology-driven portfolio management. "Our strategy is built around increasing liquidity through exit optionality, securing new acquisitions and recycling capital more efficiently and effectively to scale the company's activities while maintaining sector diversification and disciplined risk management," said Errikos Arones, CEO of Hellenic Properties.
