Dimand scoops up the last large plot on Kifisias Avenue

Dimand CEO Dimitris Andriopoulos had unsuccessfully tried three times to convince the Antoniou family to sell him the last large plot of land on Kifisias Avenue, but his fourth attempt bore fruit.

In 2007, the first time the persistent real estate developer tried to acquire the 1.1 hectare plot on Kifissias Avenue 65, in Marousi (former Berkshire hosiery), there was an agreement for a lease with German discount supermarket chain Aldi, but a contract was never signed, and the deal fell through.

At the time, the owners, who were dubious about selling, were not enticed by the price offered, asking 30% more.

Fourteen years, a national bankruptcy, and several memoranda, later, the Antoniou family was convinced and the company Insignio M.A.E. (100% of which Dimand indirectly owns, through Arcela and Severdor Ltd) signed a preliminary agreement for the purchase of the plot of 10,631.68 sq.m. on Dionysos and Vlacherna streets and Kifisias Avenue in Marousi for a price of 20 million euros.

The omens were auspicious and they came true, when the CEO of PwC Greece, Marios Psaltis, asked Dimand’s management for a new sustainable office building very close to its current headquarters. This may have been a daunting task, but not for Mr. Andriopoulos and the Dimand team.

On May 19, 2022, the Insignio company signed the purchase contract for the plot and one day later, on April 20, a binding pre-lease agreement for 10 plus 10 years was signed with PwC Greece.

Also read: Dimand: Will deliver certified “green” buildings faster

In a press conference to announce the deals Mr. Andriopoulos also announced the dynamic increase in human resources, which currently numbers approximately 1,700 employees.

Investment of over 55 million euros

According to a Dimand’s newsletter, which debuted on the main market of the Stock Exchange yesterday, the project budget amounts to 62.5 million euros and is due to be completed at the end of 2023.

The goal is to become one of the best PwC buildings worldwide, according to Mr. Andriopoulos, who spoke of a project worth 50-55 million euros (superstructure), the budget of which will be finalized once the studies are completed.

A buyer will be sought while the project is under way. Mr. Andriopoulos specified that it was not his company’s interest to keep the building. The revamped venue will be certified with the international LEED and WELL standards as it will meet all sustainability conditions.

Focus on sustainability

The project will bear the signature of AS.PA.A. Design architectural office. The complex will consist of two counter-posed buildings with four levels, with a total area of ​​22,550 sq.m. and will have underground parking and other auxiliary spaces.

An open-air green space will divide the buildings, which will have the potential to host 1,000 to 1,200 work stations. The common green will function as a core of social and recreational activities as well as a leisure/break area for employees.

In addition, specially configured, collaborative hosting spaces are provided for clients, partners, as well as for educational institutions and research programs, etc., actively supporting PwC Greece’s strategy of providing high-quality holistic solutions.