The Hellinikon project will place Athens among the top tourist destinations worldwide, creating a significant number of new residential buildings and architectural monuments in the same breath. In addition, the project is expected to attract approximately 1 million new tourists. This will contribute to a reduction in the country’s seasonality and will significantly extend the average length of tourist stay. In turn, lengthening the average tourist stay will boost receipts. The total investment is estimated at € 8 billion and it will contribute to Greece’s GDP by 2.4% by completion date and over € 14 billion in taxes.
Investments include the following:
residential and hotel complexes
commercial real estate
venues for families, museums, cultural centers
health centers, sports facilities, and recreation areas
centre for education, research, and entrepreneurship
Agios Kosmas Marina (308 berths)
Metropolitan Park with a total area of 2000 sq.m. will be the project’s main attraction. This oasis of greenery will change the landscape of the city and become the center of attention. Spectacular aquarium and free access to the beach 1km in length are only some of the attractions that visitors will enjoy.
Project implementation by 2024:
casino
Residential Tower (height 200 m, with a total area of 45,000 sq. m)
about 800 residences
luxury hotel
marina for small boat yachts
37% of the project infrastructure
2 shopping centers: Vouliagmenis Shopping Center (72,000 sq.m), and the second, the smaller one, will be located in Agios Kosmas Marina
Also, the following projects are scheduled to be completed by 2025-2026:
By 2025-2026 the construction of the Metropolitan Park, a magnificent 1 km long sandy beach, and the Aquarium will have been completed. Also, by this time the implementation of infrastructure projects, such as Agios Kosmas Marina and the coastal promenade, with many shops and entertainment venues, will have been finished.
The largest part of the project is expected to be completed in 12 years. The exact project completion date depends on the development of the residential area, in particular, on the construction of 8000 houses.
This highly- anticipated project will change the lives of the Greeks forever. It will elevate Athens to global city status, making it the top tourist, recreational, and cultural destination. The Hellinikon project will also usher in a new era for the Greek economy, with the investment totaling €8 billion and the creation of approximately 70.000 new job positions.
It should be noted, that such megaprojects create opportunities not only for large market players, but also for private investors. It is a unique chance to acquire a real estate property in Greece and invest in various projects in Athens, or even obtain citizenship through investments. In turn, the DKG Development Company will help you to understand exactly what your needs are and to fulfill them completely.