As explained by the listed company’s Head of Strategy and Investor Relations, Apostolos Zafolias, during the briefing of financial analysts, demand for residential properties remains undiminished. Indicative of this strong momentum is the fact that nearly 98% of the available residences had been sold even before the release of the 112 new homes in the Sunset Groves development—a mixed-use complex (primarily residential with retail spaces) designed by A&M Architects in collaboration with Petras Architecture—which were launched only last November (2025). As for Little Athens, the sales rate has reached 84%, including the new residences that were made available in November.
The average selling price at Little Athens stands at €9,400 per square metre, rising to €12,300 per square metre for homes located along the waterfront. In addition, 320–330 residential units are expected to be brought to the market from early 2026 onwards.
Regarding the pronounced shortage of new residential projects in the market, Mr. Zafolias stressed that this is not related to a weakening of demand, but rather to institutional and urban-planning developments. More specifically, changes to the framework of the New Building Regulation (NOK) have led to delays in the commencement of certain projects, resulting in the company having effectively exhausted the housing stock that could be immediately offered to the market.
According to the company, the planning foresees the gradual reintroduction of new residential developments, in line with construction progress and the overall supply-management strategy. The objective is to control the pace of releases in order to maintain price levels and the strong demand that has been established.
The commercial success of the project is also reflected in its financial performance: total cash inflows from sales and leases from 2021 through 30 November 2025 amounted to €1.5 billion, of which €400 million were collected in 2025 alone.
Finally, it is recalled that in November 2025 the company successfully completed the issuance of a common bond loan totaling €500 million, with a seven-year maturity and a fixed annual interest rate of 3.8%. The issuance attracted strong demand from both retail and institutional investors, significantly enhancing the Group’s liquidity and strengthening its long-term financing strategy.
