The new digital strategy of AADE | The former Athens Heart shopping center is being converted into the headquarters of AADE
AADE digital services headquarters is getting a new roof, in a modern building that has all the quality features and best practices that ensure the best possible working environment and, of course, innovative technological infrastructure.
Work on the former Athens Heart shopping center is underway and the video shows its progress. The completion of the project is expected to be operational in June 2024, with a new face, as a state-of-the-art "green" office complex, certified for its bioclimatic characteristics according to LEED Gold, which will house the Independent Public Revenue Authority (AADE).
The total area will amount to approximately 26,500 sq.m. through the conversion of the existing Athens Heart shopping center into an office building, in combination with the construction of a new office building on an adjacent privately-owned plot and the works for the renovation of the property are already underway, with the minimum investment amounting to 50 million. euro.
Premia Properties AEEAP, which is now the owner of the property, will also have income from the management of the additional approximately 500 parking spaces in the building's three underground parking lots.
"Athens Heart" was launched in December 2008 (that is, the period when the economic crisis was beginning to be felt) without ever being able to reach a satisfactory level of traffic and revenue. It was built and operated by Pasal, which then faced a liquidity problem and due to the moderate performance of the shopping center which was one of its biggest assets.
Along the way, more problems arose for Pasal with the downturn in the real estate market, a bankruptcy code filing was filed in 2018, and the decision was issued in the summer of 2019. The mall had been excluded from Pasal resolution agreement.
As is well known, the company changed its name to Premia Properties and new shareholders entered its share capital, mainly the company Sterner Stenhus Greece, with Ilias Georgiadis (a native of Sweden) as the main shareholder. Premia was then transformed into an AEEAP (Real Estate Investment Corporation).
Ilias Georgiadis, President of PREMIA PROPERTIES said: "The conversion of Athens Heart into a modern office space was a necessary step to correct the low performance of the property as an investment center. The reconstruction of the building with bio climatic design and highly aesthetic architecture is a step towards upgrading Piraeus Street near the wider area of the center of Athens.
The conversion and expansion of the building is part of PREMIA strategy to create a portfolio of social infrastructure properties, a strategy that we have followed successfully in Sweden and are also implementing in Greece."
Kostas Markazos, CEO of PREMIA PROPERTIES said: "We are particularly happy about the agreement with AADE. This is our first investment in the green office industry and we are very pleased to be working with such a prestigious tenant. It is a pioneering collaboration of the Private-Public sector with the creation of a bioclimatic building with low energy efficiency which will be a landmark for the region.
The relocation of seven General Directorates of the Ministry of Finance and the central Services of AADE will help to reduce Public expenses, improve the working conditions of 1,500 employees and also serve the Citizens.
At the same time, real estate in the center of Athens is released, while a building complex of special architectural aesthetics with an energy-efficient environmental footprint is being created, which will be the first building of the Greek State with LEED Gold level certification. This particular investment enhances the sizes and optimizes the diversification of PREMIA portfolio by adding a quality property of high yields and specifications."
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29 янв 2024
