Ble Kedros REIC has acquired in 2018 the multi-storey car park property -that had been constructed with a view to the building- for a total amount of € 1.38 million through a tender.
Shortly after the companyhas unveiled plans to house in the property a luxury 5 star hotel with a total capacity of 117rooms and 171 beds.
According to the provisions of the Presidential Decree, the change of use from a car park to a hotel is allowed in this property. The two facades on Dimitrakopoulou and Falirou streets will be preserved in the building, in which the architectural and morphological elements will be restored.
It is also allowed the complete rearrangement of the interior of the building, with a new load-bearing structure and internal levels arrangements-rearrangements, with a reduction of the number of its floors, for the service of the new use, for functional reasons and for the viability of the property.
The change in the investment materials of the new facades of the property with the modern material "corten".
Finally, the deviation is allowed, in terms of the point exceeding of the ideal solid, on the floor of the building, for morphological, aesthetic and functional reasons and for the promotion of the preserved aspects.
