The start of an international string of aparthotels
Marking the launch of its Strategic Aparthotel Portfolio Valpre Capital, the London-based investment management firm, announce the acquisition of its first property in Athens, a centrally located office building on Piraeus Street in the Omonia Square district.
This acquisition marks the initial step in its strategic plan to develop a portfolio of high-quality aparthotels in high-demand areas of central Athens. The plan aims to transform underutilized office buildings into contemporary accommodation solutions in partnership with Valpre Capital local partner, Anastasios Nasim.
The acquired 2,900 sqm property, situated in the heart of Athens’ vibrant Omonia district, will undergo a comprehensive refurbishment to meet the needs of modern travellers and residents. Once completed, the property will be operated by a leading international aparthotel brand, ensuring exceptional management and a superior guest experience.
Ahmad M. Hariri, Managing Partner, commented: “This acquisition marks a significant milestone in Valpre Capital’s expansion into the Athens real estate market. Piraeus Street is a strategic location at the intersection of business and culture, making it an ideal starting point for our aparthotel portfolio. Our vision is to deliver high-quality, sustainable assets that address the growing demand for flexible accommodation solutions in central Athens.”
Anastasios Nasim, adds, “It is a privilege to partner on this strategic venture in Athens. Our shared commitment to creating developments that cater for the evolving needs of short-term accommodation while integrating seamlessly with the local community and environment is at the core of this venture.”
The refurbishment will incorporate sustainable practices and innovative design, reflecting its commitment to responsible investment and development. The aparthotel portfolio will target a diverse audience, including tourists, corporate travellers, digital nomads, and longer-stay residents, capitalizing on Athens’ growing appeal as an international business and leisure destination.
Anticipated completion of the refurbishment and operational stabilization of the Piraeus Street property by Q1 2027. Additional portfolio expansion is expected, with the acquisition of another office building in the Monastiraki district planned in the coming months.
This initiative aligns with the company’s strategic focus on unlocking value in urban real estate markets through innovation and operational excellence. By repurposing centrally located office buildings, the firm contributes to Athens’ urban revitalization while delivering superior risk-adjusted investment returns.
ValpreCapital is an investment firm focused on sourcing, structuring and seeding select Real Estate and Private Equity investments. Since its founding in 2018, it has delivered tailored investment solutions with enhanced risk adjusted returns, leveraging over 20 years of individual experience in investments and corporate finance.Text
Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 100K followers & readers, he is the 'Proptech Realestate Influencer.'
- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
- Andrew Stantonhttps://proptech-x.com/author/andrew-stanton/
