2024 in Perspective: Driving Excellence with DKG Development
In 2024, we completed and successfully delivered seven projects across our core segments - residential, serviced apartments, and commercial spaces. This completion milestone represents 8,865 square meters of premium built area, strengthening our diversified market presence in the Hellenic real estate sector.
Our portfolio expansion accelerated through seven strategic asset acquisitions, encompassing brownfield sites and land plots totaling 31,916 square meters GBA. With 51% of our acquisitions focused on repurposing existing structures, we've demonstrated our commitment to sustainable urban regeneration while capturing prime development opportunities in the Greek market.
Key Takeaways:
7 Successful Projects Delivered
31,916 square meters of Gross Building Area (GBA) new acquisition
50% sales increase YoY
First ESG Report Publicated
ISO:9001:2015 certification
Our Achievements in Reshaping Greek Real Estate
Our 2024 initiatives have reshaped Piraeus real estate landscape through strategic development of 8,865 square meters across seven key projects. We evaluated dozens of projects, including existing buildings and vacant plots, and acquired 7 properties with a total planned development area of 32,916 sqm, 51% of which will come from repositioning existing buildings.
We invested in green technologies and designed energy-efficient buildings, reinforcing our commitment to a more sustainable future in Greece. In 2024, we released our first ESG Report, laying the groundwork for systematic monitoring and an ambitious sustainability roadmap through the innovative ESGenius!
The Piraeus Gate development, spanning 85,000 square meters, represents our vision for the future. This LEED-certified neighborhood will create a new urban core, combining residential, commercial, and office spaces with sustainable design principles.
Building Strategic Partnerships in the Greek Market
Achieved 50% turnover growth while establishing strategic partnerships with global brands including WYNDHAM Hotels & Resorts and IWG, positioning Athens as an international investment destination.
Our international partnerships significantly enhanced property values through strategic agreements:
Partnered with Wyndham Hotels & Resorts to develop Wyndham Residences Piraeus Marina Zeas, Piraeus's first branded serviced apartment complex, opening December 2025
Secured long-term leases with SmartRental Group and Libere Hospitality Group for Piraeus Gate Project, managing 375 serviced apartments
Introduced Polish retail giant LPP's Sinsay store at Laurel property in Dafni
Partnered with IWG for office space development at Imeras property on Vouliagmenis Avenue, scheduled for 2025 delivery
DKG Reorganisation and Expansion
The company doubled its staff in 2024 and strengthened its management team with experienced professionals. Subsidiaries, including Lavish Property Management and the newly established DK Techniki, expanded operations with new offices and staff, focusing on both DKG projects and the broader market.
Hellenic Awards and Achievements 2024
Our achievements were recognised through:
ISO:9001:2015 certification
2024 Real Estate Events Participation
We maintained strong industry presence through participation in key events:
MIPIM 2024
IHIF 2024
MPIRES
RED
ESG Forum
PRODEXPO
R&R
DKG Building Through Community
Our commitment to social responsibility manifested through:
Active support of the Hellenic-Kazakh Business Council
Engagement with local community initiatives
Implementation of sustainable development practices
2025 Developing Sustainable Futures
As we move into 2025, our innovation strategy centers on optimizing mixed-use developments and strengthening international partnerships within the Hellenic market. Our approach emphasizes community-centric planning and sustainable construction practices, ensuring our developments continue to meet evolving market demands while contributing to urban sustainability in Greece.
Conclusion
2024 marked a transformative year in our journey, delivering seven strategic projects across 8,865 square meters and acquiring properties spanning 31,916 square meters GBA. Our flagship Piraeus Gate development, set to become a LEED-certified neighborhood, exemplifies our commitment to sustainable urban development.
As we enter 2025, our pipeline includes the anticipated Wyndham Residences Piraeus Marina Zeas and IWG Imeras property, reinforcing our commitment to Athens' sustainable urban transformation.
Discover how your next investment can be part of Athens' sustainable transformation – contact our team today to explore premium development opportunities.
FAQ
What developments were completed in Athens 2024?
In 2024, we delivered seven strategic projects totaling 8,865 square meters across residential, serviced apartments, and commercial spaces.
What is the Piraeus Gate project?
Piraeus Gate is our flagship development spanning 85,000 square meters GBA. It's a mixed-use project combining residential, serviced apartments, office, and retail spaces. The development is pursuing LEED Neighborhood certification and will feature 375 serviced apartments managed by SmartRental Group and Libere Hospitality Group.
Sources:
Fortune Greece. (2024). 40 under 40 2024: Όλοι οι νέοι επιχειρηματίες που ξεχώρισαν φέτος: Σταύρος Κυρίκος και Γεώργιος Ρακιτζής. Retrieved December 31, 2024, from https://www.fortunegreece.com/business-list/40-under-40-2024-oloi-oi-neoi-epixeirimaties-pou-xexorisan-fetos/stavros-kirikos-georgios-rakitzis/
Naftemporiki. (n.d.). Diamonds of the Greek economy: Η Ν βράβευσε τα 84 διαμάντια που έλαμψαν στο επιχειρείν. Retrieved December 31, 2024, from https://www.naftemporiki.gr/business/1860966/diamonds-of-the-greek-economy-i-n-vraveyse-ta-84-diamantia-poy-elampsan-sto-epicheirein/
Capital.gr. (n.d.). Ποιο είναι το νέο πρότζεκτ της αμερικανικής ξενοδοχειακής αλυσίδας Wyndham στον Πειραιά. Retrieved December 31, 2024, from https://www.capital.gr/epixeiriseis/3881733/3881733-poio-einai-to-neo-protzekt-tis-amerikanikis-xenodoxeiakis-alusidas-wyndham-ston-peiraia/