Military seeks lessee for prominent 8-story property in Athens Center
Military seeks lessee for prominent 8-story property in Athens Center

Military seeks lessee for prominent 8-story property in Athens Center

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RE+D magazine
12.06.2025

The Air Defense Fund (T.A.A.) has announced an electronic auction for the lease of a commercial building located at 51 Sokratous Street, in the center of Athens.

This is an 8-story office building, featuring ground-floor retail spaces, two underground levels, and a rooftop, with a total area of 2,103.73 sq.m. The property is exclusively available for professional or commercial use.

The starting price is €204,000 annually (€17,000 monthly). The rent will be adjusted every 5 years based on the Consumer Price Index, with a minimum increase of 5%.

The tenant is allowed a rent-free period of up to 18 months to complete the necessary works and obtain the required permits. These works will remain the property of the T.A.A.


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The lease term is 35 years, with the possibility of a 15-year extension, provided that all contractual terms are met. An extension request must be submitted at least 4 months prior to the expiration of the initial lease period.

To participate, applicants must submit a participation guarantee of €142,800, corresponding to 2% of the total lease amount for the 35-year term.

The tender will be conducted electronically via the Ministry of National Defence / Public Property Agency platform on Wednesday, June 25, 2025, from 9:00 a.m. to 11:00 a.m.