Arbitrage is happy to announce that the building terms of a redevelopment project in the center of Athens were determined and published a few weeks ago in the Government Gazette.
We are now working towards the building permit for a 1,100sqm mixed use property. The redevelopment project includes the restoration of the existing listed building, strengthening of the preserved shell with a new structural frame and the addition of 2 supplementary floors. The redeveloped building will have retail uses on the ground floor and serviced apartments on the upper floors.
Arbitrage is acting as a planning advisor to one of the investors.
The listed building under restoration was donated to the Municipality of Aghia Paraskevi by Georgios A. Giavasis.
