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Politics

Reconstructed Smart Bioclimatic Tower of Piraeus Already 70% Leased

PIRAEUS – A more than €130-million ($141.39 million) overhaul of the Tower of Piraeus, overlooking Greece’s main port and the gateway to the so-called Athens Riviera, has successfully leased 70% of its business space.

The inauguration event was attended by Prime Minister Kyriakos Mitsotakis and Piraeus Mayor Yiannis Moralis. The project was financed by a venture of Dimand with the European Bank for Reconstruction and Development (EBRD) and Prodea Investment AEEAP, under a 99-year concession deal with the municipality.

The architectural landmark oversees the bustling port operated by Chinese management firm COSCO, which transformed it from near dormancy to one of the busiest ports in the European Union.

INAUGURATION OF THE TOWER OF PIRAEUS IN THE PRESENCE OF PRIME MINISTER KYRIAKOS MITSOTAKIS (TATIANA BOLARI/EUROKINISSI)

According to the business newspaper Naftemporiki, the 289-foot high, 22-story building has a built-up area of 34,623 square meters (372,679 square feet). It will host offices, a retail gym, a wellness center, and a restaurant area, among other businesses.

The building is expected to be fully occupied by the end of 2024 and has already attracted firms such as Zara, Zara Home, and JD Sports, which signed up for 1,200 square meters (12,917 square feet) of space.

The ground floor has been leased by a pharmacy from the Go To Health chain, which will occupy 180 square meters (1,937 square feet). The third floor will feature a dining area with the Nice n Easy concept, while the fourth floor will house the Athlesis gym and a wellness area.

For office space, Dialectica, one of the fastest-growing start-ups internationally, has leased 6,210 square meters (66,844 square feet) from the 9th to the 14th floor. The 22nd floor was leased by Byron Vassiliadis’ V Group.

The tower is Greece’s first digital and bioclimatic skyscraper with the highest Platinum certification according to the international sustainable development standard LEED (Leadership in Energy and Environmental Design).

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