Speaking at the 8th Infrastructure and Transport Conference, Mr. Gjoftios, CEO of Ten Brinke in Greece, noted that approximately half of the company’s upcoming projects involve residential developments, which continue to attract the greatest interest. The remaining projects include logistics facilities, office buildings, hotels, and data centers—an industry that, according to Mr. Gjoftios, is experiencing rapid growth in Greece.
One of the most prominent projects currently underway is the construction of a new data center in Spata. The project is in the foundation and substructure preparation phase, prior to the development of the building's structural frame. The construction is being carried out by TenTec, the construction arm of the group.
This data center, developed by Data In Scale—a joint venture between Public Power Corporation (PPC), EDGNEX Data Centers (part of DAMAC, UAE), and other partners—is being built on a 32,000-square-meter site and is expected to be completed by the end of 2026.
Mr. Gjoftios emphasized that data centers represent a sector with strong investment interest and growing demand from a diverse range of international clients seeking to establish a presence in Greece. "There is currently high demand from companies looking to install data centers in our country," he said.
However, he also pointed out that the biggest challenge remains energy availability. The speed at which these projects can progress depends largely on the pace of infrastructure development, as data centers require far more extensive infrastructure and significantly higher budgets than other types of developments. “A single data center project typically has a budget of €200–300 million,” he added.
Despite these challenges, he highlighted Greece’s strategic geographical advantage: “Greece is ideally positioned to serve other countries in the region, which explains the strong interest in establishing data centers here. The key issue now is whether the state will respond accordingly.”
Regarding the current regulatory uncertainty stemming from legal challenges to the New Building Code (NOK), the company is awaiting the outcome of ongoing legal proceedings in both Greece and the European Court of Justice.
According to Mr. Gjoftios, until the legal matters are resolved, many of the company’s projects are unable to move forward. For example, a residential development in Kifisia has been stalled due to objections—even concerning the construction of underground levels. “These cases will take time,” he noted, adding that as long as such legal uncertainties persist, companies remain exposed to financial risks and losses.
