Strategic plan on four pillars

DIMAND has focused its five-year growth strategy on four core pillars, aiming to sustain and further accelerate the growth momentum recorded in 2025.

Within this framework, the company is active in urban regeneration, tourism developments, Skyline-type projects, and affordable housing. Following the acquisition of the Kampa Estate in Mesogeia, DIMAND currently has projects either under development or in the planning phase with a total estimated Gross Development Value (GDV) of 1.578 billion euros upon completion (compared to 1.169 billion at the end of 2025 and 813 million in 2024). This figure reflects its proportional stake in projects undertaken in partnership with other investors.

Key projects

Among the largest projects are the Kampa Estate, with an estimated GDV of approximately 410 million, and the Gournes Heraklion Crete development, with a GDV of 351 million. Regarding the Piraeus Tower project (GDV 139.9 million), which falls under the urban regeneration pillar, negotiations are currently underway for the lease of the remaining 14% of leasable space. According to management, interest has been expressed by two Dubai-based companies.

At the same time, IQ Athens (GDV 189.2 million) is expected to be completed in 2027 at a pre-leasing rate of 30%. The project concerns the redevelopment of the former Athenian Paper Mill facilities in Votanikos into a mixed-use complex, aiming to create a modern business hub in the city center.

The FIX project in Thessaloniki (GDV 205.8 million) is expected to be completed in 2027, with a targeted sale in 2028.

The modern logistics center in Thessaloniki, located on the former Balkan property (Aghialos project), with a GDV of 160 million, is scheduled for completion in 2028, with exit projected by 2029.

Project 3V, a mixed-use development with a strong office component in partnership with the Ioannou family (shareholders of the AVAX Group), is currently in the maturation phase and is expected to be completed in 2028, with exit also targeted by 2029 and a GDV of 126.7 million.

The Gournes project is expected to reach completion in 2029 and exit in 2030, with a GDV of 351.1 million.

Tourism pillar

Under its tourism development pillar, and based on projects currently underway, the company aims to develop hotel assets comprising two resorts and three city hotels (including Gournes and four additional projects, two of which are currently under negotiation). The flagship development is located at the former U.S. base in Gournes, Crete (360,000 sq.m. land area with 60,000 sq.m. buildable space), where 400 to 500 rooms are planned. The project is expected to benefit from further strengthening of tourism flows to Crete, supported by the operation of the new Kasteli Airport, as well as the participation of India-backed GMR Airports, which is expected to enhance tourist inflows from India and position the airport as a transit hub.

According to CEO Dimitris Andriopoulos, as stated during a briefing with analysts, with 13 secured projects and an additional 2–3 expected to be finalized in the near term, DIMAND has already secured approximately 70% of its financial performance for the next five years.

The company’s business model remains unchanged: development, leasing, and sale (exit). Within the current year, management expects to complete the sale of Piraeus Tower, office properties on Patission Street, and an office complex in Marousi, which is being developed through a land-for-equity arrangement involving property owned by the Technical Chamber of Greece (TEE).