Dimand: Strategic plan on four pillars

DIMAND has focused its five-year maturation strategy connected 4 halfway pillars, aiming to sustain and further accelerate the maturation momentum recorded successful 2025.

Within this framework, the institution is progressive successful municipality regeneration, tourism developments, Skyline-type projects, and affordable housing. Following the acquisition of the Kampa Estate successful Mesogeia, DIMAND presently has projects either under improvement oregon successful the readying signifier with a total estimated Gross Development Value (GDV) of 1.578 cardinal euros upon completion (compared to 1.169 cardinal astatine the extremity of 2025 and 813 cardinal successful 2024). This fig reflects its proportional stake successful projects undertaken successful concern with different investors.

Key projects

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

At the aforesaid time, IQ Athens (GDV 189.2 million) is expected to beryllium completed successful 2027 astatine a pre-leasing complaint of 30%. The task concerns the redevelopment of the erstwhile Athenian Paper Mill facilities successful Votanikos into a mixed-use complex, aiming to make a modern concern hub successful the metropolis center.

The FIX task successful Thessaloniki (GDV 205.8 million) is expected to beryllium completed successful 2027, with a targeted merchantability successful 2028.

The modern logistics halfway successful Thessaloniki, located connected the erstwhile Balkan spot (Aghialos project), with a GDV of 160 million, is scheduled for completion successful 2028, with exit projected by 2029.

Project 3V, a mixed-use improvement with a strong bureau constituent successful concern with the Ioannou household (shareholders of the AVAX Group), is presently successful the maturation signifier and is expected to beryllium completed successful 2028, with exit besides targeted by 2029 and a GDV of 126.7 million.

The Gournes task is expected to scope completion successful 2029 and exit successful 2030, with a GDV of 351.1 million.

Tourism pillar

Under its tourism improvement pillar, and based connected projects presently underway, the institution aims to make edifice assets comprising two resorts and three metropolis hotels (including Gournes and 4 further projects, two of which are presently under negotiation). The flagship improvement is located astatine the erstwhile U.S. basal successful Gournes, Crete (360,000 sq.m. onshore country with 60,000 sq.m. buildable space), where 400 to 500 rooms are planned. The task is expected to payment from further strengthening of tourism flows to Crete, supported by the cognition of the caller Kasteli Airport, arsenic well arsenic the information of India-backed GMR Airports, which is expected to heighten tourist inflows from India and presumption the airdrome arsenic a transit hub.

According to CEO Dimitris Andriopoulos, arsenic stated during a briefing with analysts, with 13 secured projects and an further 2–3 expected to beryllium finalized successful the adjacent term, DIMAND has already secured astir 70% of its fiscal show for the adjacent 5 years.

The company’s concern exemplary remains unchanged: development, leasing, and merchantability (exit). Within the existent year, absorption expects to implicit the merchantability of Piraeus Tower, bureau properties connected Patission Street, and an bureau analyzable successful Marousi, which is being developed done a land-for-equity statement involving spot owned by the Technical Chamber of Greece (TEE).