About the property

This Commercial property on Voukourestiou Street, in the neighborhood of Kolonaki, a privileged area in the heart of the city of Athens, less than 500 meters from Syntagma Square. Kolonaki is a neighborhood with numerous multi–storey buildings which are distinguished by their various architectural styles and decorations, dating back mostly to the first half of the 20th century. Most of them were constructed with the highest standard of quality and luxury, for people of high social status and wealth. Furthermore, Voukourestiou is a street very well-known for its luxury retail stores, located mostly in its pedestrian parts, one block away from the property.
The five–storey building was constructed around 1936 and it is still in excellent condition. Its architectural style refers to the Modernism of the 1920s and 1930s. The characteristic feature of the building’s façades is the use of partially built balconies creating bay window spaces widely known as “erker”. The property consists of two underground floors (basement and semi-basement floors), ground floor, and 4 above ground floors. The total gross floor area is approximately 1.210 sq.m.

Nestled in the heart of the Athens historic city center, on the prime Aiolou pedestrian avenue, this building is just a few hundred meters from the main shopping street of Ermou, and a short walk from key historic sites, the Greek Parliament and Syntagma Square.

In the surrounding area, dozens of trendy cafes, local tavernas, and shops combine old and new worlds, delighting the millions of tourists drawn to the city every year to visit one of the greatest symbols of Greek history – the Acropolis.

The 1,500 sqm building is characterized by classic lines, with broad windows that flood the interior with natural light. This development will convert the building into a modern urban hotel, with around 30 stylish, vibrant guest rooms, and a rooftop with a breath-taking, panoramic view of the Parthenon.

The Neighborhood

Kolonaki is the most prime area of Athens city center, exhibiting the highest rent and occupancy levels in both residential & commercial units, with intense footfall. Embassies housed in emblematic buildings, along with some of the most historically & architecturally important buildings of Greece. Kolonaki is the most upscale area, hosting luxury branded boutiques, premium retail shops and outstanding F&B scene.