Urban City 44 in Athens a $1.475 million serviced apartment complex
MetaWealth, a tokenised real estate investment platform, announced the listing of Greece’s first tokenised real estate investment. The listing of 12 apartments in the Urban City 44 development empowers individuals to fractionally invest in international-grade real estate in the heart of Athens.
Urban City 44, located in central Athens with views of the Acropolis and developed by Astrea International Properties, is a high-end development of 210 serviced apartments for discerning travellers. MetaWealth’s $1.475 million investment opportunity consists of 12 units available to investors through 14,753 tokens listed at $100 per token. The offer period will close on the 26th of November, with the investment exit scheduled for 2026.
The company utilises blockchain technology to enable fractional investment in real estate assets, democratising access to property investing by transforming each property into digital tokens representing ownership. The listing of the properties on the company’s platform is the first tokenised real estate investment opportunity in Greece’s history, introducing a pioneering technology to one of the EU’s fastest growing real estate markets.
Darren Carvalho, Co-Founder and Co-CEO, said “We’re thrilled to list the first tokenised real estate investment opportunity in Greece, democratising access to the Greek property market and further establishing MetaWealth as a leader in the global real estate investment industry.”
“The Urban City 44 development is a fantastic option for individuals looking to secure their financial future and gain access to an investment class previously reserved for large corporations or high-net-worth individuals. Over the next few months, the company will continue its extraordinary growth with listings in new countries and sectors.”
This listing of these property assets may be the first investment opportunity in Greece, but are the fourth country supported to date. This strategic move enables the platforms users to invest in one of the EU’s fastest growing property markets, following a MiFID II and FCA-compliant investor screening, onboarding and monitoring process, with best-in-class systems and expertise.
MetaWealth’s real estate investment platform launched in 2023, tokenising international-grade investments in property developments in a mission to boost access to traditionally high-barrier investments. It first offered property investment opportunities in Romania, the EU’s fastest growing economy, and following high demand from investors, expanded its platform with investment opportunities in Spain last December.
Earlier this month, it listed its first property in the UK with The Square, a tokenised Web3 co-working space in the heart of London.
Since its inception, it has pioneered the use of blockchain to make traditionally high-barrier real estate investments accessible to a broader audience. The company has been profitable since its first year and continues to expand its presence across Europe, with investors from 23 countries using the platform.
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.'
