Orilina expands into the serviced apartments market

According to the REIC, the property, which holds LEED Silver certification, comprises 30 fully furnished serviced apartments, as well as a ground-floor commercial unit.

The investment is accompanied by a long-term lease agreement with Limehome Greece, securing contracted rental income while also providing Orilina Properties with exposure to a segment that is attracting increasing interest across the hospitality and real estate markets.

A New Asset Class for the Portfolio

The acquisition of the property at 30 Geraniou Street marks Orilina Properties’ entry into the serviced apartments sector, broadening the range of real estate asset classes in which the company operates. This model combines residential and hospitality characteristics, offering furnished units with services and greater flexibility in terms of length of stay.

For the REIC, the investment adds an asset to its portfolio with a stable rental base, a central location and characteristics aligned with the market’s growth potential.

Orilina Properties notes that the new investment forms part of its strategy to diversify its portfolio, with a focus on high-quality income-generating properties. Its entry into the serviced apartments sector also represents a further step in expanding the company’s presence across specialised real estate segments, with the aim of creating a more diversified property portfolio.