Plot, 23000 sqm, Agios Ioannis Rentis

A plot with a total area of 23,000 sq.m. and 130 meters of frontage. The building coefficient of 0.8 allows for the construction of up to 18,400 sq.m., making it suitable for commercial or mixed-use development. It is strategically located on Kifissos Avenue with excellent visibility, offering easy access to major roads, downtown Athens, and Piraeus port. The Rentis area is a growing commercial hub with increasing property values and provides ideal logistics access with multiple transportation options. The land is currently leased, generating €700,000 in annual income, while existing structures occupy part of the buildable area. In the near term, rental income can be maintained, planning and permitting can begin, and development partners or tenants can be sourced for build-to-suit projects. Full development could reach 18,400 sq.m. of commercial space suitable for retail, logistics, or a corporate headquarters campus. Current performance offers a 3% yield with stable cash flow during the planning phase, while full development provides potential long-term returns of 8–12% and capital appreciation from the upgrading of the area.