New Soaring: Investment of Over €500 Million in Skyscraper Construction in Greece

In the coming years, Greece is set to adorn its urban landscape with three new skyscrapers, with the total investment estimated to exceed €500 million. These construction endeavors not only bring a fresh look to Greece's cities but also emphasize the importance of building upwards and creating landmarks for residents and visitors.

The first building to come to life is the Piraeus Tower, located in the country's main port. This project, with a total cost of €45 million, is spearheaded by Dimand, EBRD, and Prodea Investments, who have taken a 99-year lease on the building. The plan includes a complete modernization and LEED certification of the property, making it Greece's first "green" skyscraper.

Another project involves the former Kerameia Allatini ceramics factory in Thessaloniki, which will be transformed into a multi-functional tower standing at 100 meters in height and spanning 82,000 square meters. The Andreadis Group is overseeing this project, estimated to be in the range of €250-300 million.

Lastly, on the southern coast of Athens, the tallest residential tower in Greece is rising – the Riviera Tower, standing at 200 meters in height and covering over 44,600 square meters. This project is associated with luxurious apartments with an approximate average price of €14,000 per square meter. Construction is in full swing, and the first floors may be ready by the end of 2023.

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