Hellenic Properties targets €500 million portfolio by 2030 after €135 million investment cycle

Hellenic Properties said it completed €135 million in property investments over the past 24 months and now aims to build a portfolio above €500 million in gross development value by 2030. The Greece-focused firm is leaning on hospitality assets, debt financing and a new strategic partnership with Vamare Investments Group to scale faster.

Why it matters: - Hellenic Properties is signaling a bigger push into Greece’s real estate market at a time when investment activity has accelerated. - The firm’s plan to exceed €500 million in gross development value by 2030 points to a larger platform across hospitality, offices, logistics and residential assets. - The company’s ability to secure €66 million in debt financing from major Greek lenders suggests continuing institutional support for the sector.

What happened: - Hellenic Properties said it completed €135 million in property investments over the past 24 months. - The company said that activity brought its total track record to €200 million across 14 projects. - Hellenic Properties formalized a strategic partnership with Greek family office Vamare Investments Group. - The firm said its current portfolio includes hospitality, office and residential assets in prime locations across Greece. - The company said its active investment pipeline exceeds €130 million, with hospitality investments making up most of that pipeline.

The details: - Hellenic Properties said it has completed five project exits to date. - Those exits produced an average equity multiple of 2.15x. - The firm expects to complete three additional exits from mature projects by the end of 2026. - Hellenic Properties is also reviewing strategic partnership proposals tied to its income-producing and development portfolio. - For FY2026, the company expects leasing agreements to generate €4.1 million in net portfolio income. - Hellenic Properties said projected asset values imply an equity multiple of 1.83x and an average project-level leveraged internal rate of return of 22.9%. - The company signed an agreement to acquire its third hospitality asset in mainland Greece. - Hellenic Properties said that acquisition will help build a hospitality investment platform.

Between the lines: - The strategy appears to focus on recycling capital faster, using exits and new acquisitions to expand without waiting for long holding periods to run out. - Shorter investment cycles can improve liquidity, but they also raise the pressure to keep finding attractive replacement deals. - The partnership with Vamare Investments Group appears designed to add capital support and credibility as the platform scales.

What's next: - Under its 2027-2030 plan, Hellenic Properties aims to cut its average investment cycle to below 3.5 years. - The company wants to expand its base of family office and institutional investors. - Hellenic Properties also plans to scale operations through technology-driven portfolio management. - The firm is targeting three more exits by the end of 2026. - Hellenic Properties expects to keep growing its hospitality footprint while widening into other property types.

The bottom line: - Hellenic Properties is shifting from a €200 million track record to a much larger growth phase, with capital recycling, hospitality expansion and institutional backing at the center of the plan.