Began the countdown to the reopening of the historical property of Minionwhich remained closed for almost two decades. Its reopening is expected to take place between April 10 and 15. At the same time, in September, work on the construction of houses for the second part of the investment will begin, where they are expected to be completed in the next two years.
The company with Managing Director Dimitris Andriopoulos plans to do exit in the coming months, as it is already discussing prospective buyers. Mignon’s property will work in part. Specifically, the tenants have already been installed in the stores and offices of the building.
One of the powerful employees is the Inditex Group that has leased about 6,000 square meters, for warehouses and for a shop at -1, on the ground floor and on the first two floors, while the Spanish multinational offices will occupy about 3,000 sq.m. on the 3rd and 4th floor. The rest of the floors (5,6,7) host PPC offices, which house part of its administrative services until its privately owned offices is completed in the former Plessas camp.
The 8 -storey building of 4,500 sq.m. On the back it will be completely rebuilt to convert into a modern building building, a total of 30 apartments and 5 maisonettes. The new residential building will operate autonomously from the rest of Mignon (with a separate entrance etc.). A total of 30 apartments and 5 maisonettes will be created from 70 to 125 square meters. So far, the sale of houses has not begun so far, but there is a strong purchasing interest, as they are medium -class apartments, with affordable pricing. Recently, Dimand has set up a new company under the name DOROU Residences. The new company, which was essentially caused by the split of Alkanor, is the subject of the development and management of Mignon’s homes.
According to Dimand, the total gross growth value of the project (GDV) of the project is estimated to reach around € 70 million. The aim of this investment, according to the company, is to regenerate a landmark that is deeply engraved in the memory of the Athenians. The new MINION will re -breath in downtown Athens, while at the same time being part of the renovations that Dimand is surrounding around Omonia Square.
Dimand, for the use of 2025, looks forward to continuing its development and improving its financial results by implementing its business strategy and implementing its investment program. In particular, within the year, it aims to dismantle investment real estate developments which are expected to be fully operational and commercially exploited, as well as the continuation of the investment program and the commercial utilization of already obtained property, with a horizon of completion in 2026 and 2027.
At the same time, the addition of new real estate for exploitation, either pre-agreed or claimed, which meets the Group’s investment criteria and are expected to be completed by 2028-2030, is planned. In addition, the maturation, by utilizing or selling, of the Skyline Property portfolio is launched. Finally, it is considering new investment opportunities, both in the field of real estate development and the exploitation of real estate in general, either independently or through strategic partnerships with domestic and/or foreign institutional investors.