Valpre Capital's Inaugural Athens Acquisition: Transforming Office Space into Luxury Aparthotel
Deal News | Jan 14, 2025 | Valpre Capital

Valpre Capital, a London-based investment firm, has announced the acquisition of an office building on Piraeus Street in the Omonia Square district of Athens. This acquisition marks Valpre Capital's initial foray into the Athens property market, with plans to convert the building into an aparthotel. This initiative is part of a broader strategy to create a portfolio of high-quality aparthotels in central Athens. The project involves a comprehensive refurbishment to modernize the space and integrate sustainable practices, with operations expected to begin in the first quarter of 2027. Ahmad M. Hariri, managing partner of Valpre Capital, highlighted the strategic importance of the location as well as the firm’s commitment to delivering sustainable and flexible accommodation. Anastasios Nasim, Valpre Capital's local partner, emphasized the development's alignment with community and environmental considerations. The aparthotel will cater to a diverse clientele, and further acquisitions are planned, including in the Monastiraki district.
Sectors
- Real Estate Development
- Hospitality
Geography
- Greece – The article is focused on a real estate acquisition and development project in Athens, Greece.
- United Kingdom – Valpre Capital, the investment firm mentioned in the article, is based in London, UK.
Industry
- Real Estate Development – The article discusses Valpre Capital's plan to convert an office building into an aparthotel, indicating activities centered around real estate development.
- Hospitality – The transformation of the office building into an aparthotel aligns with the hospitality sector as it aims to serve tourists and travelers.
Financials
- – The article does not specify the financial details of the acquisition.
Participants
Name | Role | Type | Description |
---|---|---|---|
Valpre Capital | Buyer | Company | A London-based investment firm involved in the acquisition of an office building in Athens for conversion into an aparthotel. |
Anastasios Nasim | Local Partner | Person | Local partner working with Valpre Capital on the Athens aparthotel project. |
Ahmad M. Hariri | Managing Partner | Person | Managing partner of Valpre Capital who commented on the strategic significance of the acquisition. |
International Aparthotel Brand | Operator | Company | An unnamed leading international aparthotel brand that will operate the converted building. |