Dimand reports €1.36B development pipeline

According to the Group’s financial data, as of 31 December 2025, the total portfolio under development and management (Assets under Management – AuM) comprised 13 investment projects at various stages of maturity, located in urban areas across Greece. These projects span office, logistics, residential, and hospitality developments, as well as mixed-use schemes.

The fair value of investment properties amounted to €174.6 million, compared to €141.8 million in 2024, while the value of participations in joint ventures reached €96.4 million, up from €87.1 million a year earlier.

The Group’s cash and cash equivalents totaled €50.1 million, compared to €38.3 million in 2024, and including restricted deposits, amounted to €53.4 million.

Net debt increased to €45.6 million from €33.6 million, with the Net Loan to Value (LTV) ratio standing at 24%, a level which, as noted by management, remains relatively low despite the acceleration of investment activity.

On an operational level, profitability recorded a significant increase, with operating profits reaching €39.4 million, compared to €23.1 million in 2024. Profit before tax after minority interests amounted to €40.9 million, up from €40 million in the previous financial year.

Key developments in 2025 included the completion and commencement of operations of a new office building in Athens, the redevelopment of the former MINION property, the disposal of subsidiary Alkanor, the completion of a property in Thessaloniki, as well as new strategic acquisitions in Gournes, Crete, and at the Kambas Estate.

For 2026, Dimand’s main priorities include the divestment of mature assets, the continuation of its investment programme over a four-year horizon, the addition of new projects, and the further development of the Skyline portfolio.

At the same time, the Group is exploring new investment opportunities both in real estate development and in the hospitality sector, as well as alternative structures for raising and managing capital through partnerships with domestic and international institutional investors.