Investment project in Athens, Greece, 916 sq.m

Investment in student accommodation

This impressive, modern 8-story student apartment building is located in the heart of Piraeus. These apartments are perfect for students not only because they are conveniently set near the tram and bus stops but also because they are situated within walking distance of one of the country’s most important universities, the University of Piraeus, as well as the famous private college, Metropolitan College.

Piraeus is a port city in the region of Attica, Greece. It is an integral part of the Greek capital, located within the Athens urban area, 12 kilometers southwest from its city centre. For centuries it has served as a chief harbor of Attica, so it’s no surprise that today it is not only Greece’s main port but also the largest passenger port in Europe and the second-largest in the world, serving about 20 million passengers annually.

Nowadays, the city of Piraeus constitutes the industrial and commercial heart of the capital, where one of the leading universities in Greece is located.

In particular, the University of Piraeus is a Greek public university that has been training specialists in the field of economics and technology since 1938. The University of Piraeus is regularly included in the country’s top twenty universities. Every year, about 10,000 students graduate from this educational institution. Department of Economics, Department of Business Administration, Department of Maritime Studies, Department of Statistics and Insurance, Department of International and European Studies are just some of the specialties that future students can choose. In addition, all students have access to the library, with a plethora of books that cover a broad range of topics.

In addition, the private Metropolitan College is also located in the area. Since 1982 this educational institution, in collaboration with seven leading international universities, has been offering its students more than 66 state-recognized undergraduate and postgraduate programs. There is no doubt that the competitive advantages of the college are its modern facilities, access to the latest technologies, and the impressive library.

The project is just 15 minutes' walk from the University of Piraeus main campus and just a few meters from the college.

Project type: student apartments for rent + retail store on the ground floor

Our proposal is as follows:

1. Step one: property purchase with additional building coverage ratio (construction coefficient) sq.m: 916

Purchase cost: 580,000 euros

2. Step two: transformation of the building into student apartments: 632,000 euros

Long-term rental of 22 apartments + 1 retail store/cafeteria: 9% per year

Total implementation period: 8-12 months

Responsibilities of DKG Development Company:

– legal due diligence of property

– development of the legal framework& tax structure of the investment with the help of a local tax technician

– purchase-sale process

– construction management

– contacts development with local real estate agencies in order to arrange the long-term rent

– Golden Visa issuance