In a new era the group enters Greecenow turning his attention on tourism and urban hospitality, with iconic assets such as Alimos Marinaas well as new ventures such as the renovated Hotel The Fiction in Marousi.
Marina Alimou, the largest of the Balkans, remains under the control of Reds, a subsidiary of Greece, and is expected to be one of the key pillars of the group’s new tourist strategy. Final studies on its reconstruction have already been submitted, with the relevant building permits expected in 2025, marking the launch of a project worth about 100m euros.
The investment includes the exploitation of the land zone of 210,000 sq.m. For tourist, commercial, cultural and athletic uses – an intervention that aspires to redefine the coastal front of Attica.
At the same time, in September, the radical renovation of former Civitel Olympic in Maroussi, renamed The Fiction and re -launched as a high standard unit, with a focus on business tourism, is completed. The investment of 3m euros is taking advantage of the strategic location of the property in the heart of the northern business hub, filling a detected gap in the area’s hospitality market.
These moves follow the sale of 100% of AKTOR APORTS to the AKTOR Group, a transaction approved yesterday by the shareholders of Greece and is expected to be completed by mid -August. Evolution marks a strategic shift for main shareholder Henry Holterman, who now focuses on the dynamically rising real estate sector.
According to Greece’s CEO Efthimios Bouloutas at yesterday’s General Assembly, in 2024 it was a year of strategic restructuring, with net profits of more than € 57 million and capital refunds of € 470 million. In 2025 it is projected to continue at the same pace, with an emphasis on the exploitation of the new portfolio of the Group.
At the same time, Athens Property BV is also in the center of a 10 -property portfolio in downtown Athens, which operates as Serviced Apartments. The amount of the investment is € 80 million, and the company is expanding its business in the sector of short -term leasing and residence services.
With the shift to tourist and urban real estate, Hellkore seeks to make the most of market trends and highlight its new identity: an investment group -focused investment group, with a clear targeting of modern traveler and international interest.