Historic industrial site in Piraeus to become serviced apartment complex
Historic industrial site in Piraeus to become serviced apartment complex

Historic industrial site in Piraeus to become serviced apartment complex

The development will include 158 serviced apartments.
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RE+D magazine
03.10.2025

Construction work has commenced on the transformation of a prominent industrial property into a residential complex in the Papastratos district of Piraeus, located just steps from the port, undertaken by MIBS GROUP.

With a total surface area of 8,500 square meters, the impressive property is set to undergo a complete transformation for residential use. An additional four floors will be added, including a rooftop pool on the 6th floor offering views of the Port of Piraeus.

The development will include 158 serviced apartments—comprising one- and two-bedroom units—spread across seven floors, along with retail spaces and co-working areas on the ground floor.

The complex will feature a 24-hour reception and a full range of amenities, including wellness areas, leisure facilities, and a fitness center.

The construction works—encompassing the full redevelopment of the building for residential use, the addition of four floors above the existing structure, the installation of a rooftop pool on the 6th floor, and the conversion of the ground floor into retail spaces—have been undertaken by EKTER S.A.

The project has a total budget of €16.7 million, with a planned construction timeline of 670 days.