Noval Property

We are excited to share the progress of one of our latest developments: the transformation of an old commercial property into an innovative ultra-low carbon office building! The project is designed to incorporate cutting-edge technologies while being adaptable to the evolving trends of modern workspaces. The building will offer flexible structures for diverse occupants, enabling them to operate in an advanced and dynamic environment that fosters both productivity and well-being. What truly sets this project apart is its strong focus on sustainable development. By integrating energy efficient systems and renewable energy sources and adopting the latest in bioclimatic design, we are creating a workspace that not only supports its users but also minimizes its environmental impact. Stay tuned for more updates! Development Timeline: 2023 to 2025 Location: Marousi, Athens, Greece Anticipated Certification: LEED Gold | Fitwel GBA: c. 6,700 sqm | GLA: c. 4,200 sqm Features: 4 levels | 2 basements Design: Divercity Architects Construction: BALLIAN TECHNIKI SA, Lithos Consulting Engineers, HM ENGINEERING S.A., Gottfried Schubert, Athanassios / Thanos Danilof, LANDCO LTD, ZEB SA Zero Energy Building CPM: Arbitrage Real Estate #NovalProperty #repurposegrowth #realestateportfolio #Sustainability #GreenBuilding #Innovation #WorkplaceWellbeing #FutureOfWork

In context of the 25th Prodexpo Conference, Noval Property's Chief Risk and Compliance Officer, Giorgos Karapanagiotis joined a panel discussion with esteemed professionals on the topic "Green building and resilient cities." He highlighted that in the matter of incorporating sustainable building practices, Greece is still in an early stage compared to the rest of Europe and needs to narrow the gap. He emphasized the potential of integrating new technologies to improve building efficiency and reduce environmental impact. He, also, referred to the challenges facing the industry, including high costs, outdated infrastructure, and a lack of skilled professionals. Read more in the Press Release: https://lnkd.in/dYQuRBNf #NovalProperty #repurposegrowth #Prodexpo #Prodexpo25Years #realestate #realesteconference #sustainability #propertydevelopment

It’s a wrap! The 25th Prodexpo Conference has come to an end and we are proud for the dynamic presence of Noval Property at this year's flagship real estate event. During the exclusive Executive Leaders' Breakfast, which marked the beginning of the conference, Panayiotis (Panos) Kapetanakos, CEO of Noval Property, stressed the critical need to upgrade public infrastructure and services and highlighted the shortage of workforce in construction. He pointed out that future trends revolve around investments in sustainable development, which add value, along with the adoption of modern technologies. During the opening discussion panel on Day 1, the Chair of the Επιτροπή Κεφαλαιαγοράς _ Hellenic Capital Market Commission and CEO’s of Greek REICs, elaborated on the topic: " REIC stocks: unveiling the hidden profits in Real Estate". Mr. Kapetanakos, shared his perspectives on the evolving landscape of the real estate sector and he provided valuable insights into the benefits and challenges of being a publicly listed REIC. He also referred to Noval Property's recent IPO and its impact on the company's growth and visibility. "As a publicly listed company, we have even greater transparency and a higher level of credibility with the investment community, as well as the ability to raise more capital," he said, noting that the main challenges include the size and the free float of REICs. Read more in the Press Release: https://lnkd.in/dYQuRBNf PRODEA Investments BriQ Properties REIC Trade Estates Trastor REIC Tsomokos Communications #NovalProperty #repurposegrowth #Prodexpo #Prodexpo25Years #realestate #realesteconference #sustainability #propertydevelopment

👇 Read more about Noval Property’s retail destinations, the “River West” retail hub in Athens and the “Mare West” retail park in Corinth, both featured in LiFO (DYO DEKA SA) as multidimensional destinations offering integrated experiences that go beyond shopping by creating community hubs for leisure, entertainment and social interaction: https://lnkd.in/diVTkBDf #NovalProperty #repurposegrowth #realestatedevelopment #RetailInnovation #ShoppingCenters #RetailParks #CustomerExperience

Noval Property is proud to participate once again as a Grand Sponsor of Prodexpo, the annual flagship event of the Real Estate Industry that will be held on October 21-22 at Megaron - The Athens Concert Hall. Noval Property will be represented by: ▪️ Panayiotis (Panos) Kapetanakos, CEO, will participate in an insightful panel conversation on the topic “REIC stocks: unveiling the hidden profits in Real Estate” 📅 October 21, 2024 | 12:30 ▪️ Giorgos Karapanagiotis, Chief Risk and Compliance Officer, will participate in a panel discussion on the engaging topic “Green building and resilient cities?” 📅 October 22, 2024 | 13:15 #NovalProperty #repurposegrowth #Prodexpo #Prodexpo25Years #realestate #realesteconference #sustainability #propertydevelopment 

Panayiotis (Panos) Kapetanakos, CEO of Noval Property participated in the 5th Fund & Asset Management Conference organized by the HELLENIC FUND AND ASSET MANAGEMENT ASSOCIATION - ΕΝΩΣΗ ΘΕΣΜΙΚΩΝ ΕΠΕΝΔΥΤΩΝ. During a panel with esteemed industry experts, he discussed Greece's evolving real estate landscape. He offered valuable insights into the current state of the Greek real estate market, its strong potential, and the interest from foreign investors. He also emphasized the benefits of maintaining a diversified real estate portfolio. PRODEA Investments DIMAND S.A. MIBS Group Hines #NovalProperty #repurposegrowth #famc24 #realestateportfolio #assetmanagement #conference #investors

Noval Property is pleased to participate in the 5th Fund & Asset Management Conference organized by the HELLENIC FUND AND ASSET MANAGEMENT ASSOCIATION - ΕΝΩΣΗ ΘΕΣΜΙΚΩΝ ΕΠΕΝΔΥΤΩΝ on October 3rd. Panayiotis (Panos) Kapetanakos, CEO of Noval Property will share his views alongside other esteemed speakers from the real estate market in an insightful panel discussion on the theme of “Property Investing in Greece”. 📅 October 3rd 2024  📍Megaron - The Athens Concert Hall ➤ Follow the link to register and watch the discussion live: https://lnkd.in/dc2zrWaY #NovalProperty #repurposegrowth #famc24  #realestateportfolio  #assetmanagement #conference #investors

We are excited to share an update on the progress of “The Grid”, the innovative office campus that Noval Property is developing in partnership with Brook Lane Capital. The project is progressing well and it is currently in the erection stage of the concrete structural frame. It is inspiring to witness the core structure of this state-of-the-art workspace coming to life! The Grid office campus under development 👇 Development Timeline: 2023 to 2026 Lead Architect: @Foster + Partners Location: Marousi, Athens, Greece Anticipated Certification: LEED Platinum GBA: c. 61,500 sqm | GLA: c. 28,400 sqm Features: 5 Levels | 2 Mezzanines | 3 Basements | Central Courtyard | 580 Parking spaces Watch our latest video to see how things are shaping up. Design Team: Foster + Partners, YAP Architects, Construction: TERNA S.A., OMETE EDAFOSTATIKI, OMETE S.A. - Consulting Engineers, INSTA Consultants Engineers, DENCO, GREENWAYS, Athanassios / Thanos Danilof, ACOU, ENVECO S.A., DCarbon | Sustainability Consulting Project Manager: Hill International, Inc. #NovalProperty #repurposegrowth #realestate #realestatedevelopment #sustainabledevelopment #construction #officecampus

Noval Property released its H1’24 financial results, reporting strong operating results with a notable increase in rental revenue, driven by active asset management, new tenant leases and increased tenants’ sales turnover from retail assets. Panayiotis (Panos) Kapetanakos, Chief Executive Officer of Noval Property, stated: “During the first half of 2024, we successfully completed our Company’s main priority, which was Noval Property’s listing on the Athens Stock Exchange. The listing on the Athens Stock Exchange through the share capital increase, led to raising substantial funds for the execution of the Company’s investment strategy, which focuses on further enhancing its portfolio with modern, high quality and environmentally sustainable properties. The significant increase in rents, adjusted earnings before taxes, portfolio value, and the Company’s net asset value during the first six months of 2024, confirms our ability to implement our investment program and actively manage our real estate portfolio for the benefit of our stakeholders. During this period, in addition to other activities, the new logistics centre in Mandra was delivered to the tenant, the Company has already preleased c. 30% of the residential part of its mixed-use property under redevelopment at 40-42 Ardittou Street in Athens, while The Grid S.A., a joint venture between Noval Property and Brook Lane Capital, signed a lease agreement with EY in Greece to lease the office space of two out of the four buildings of the “The Grid” office campus in Marousi, Athens.” Read more: https://lnkd.in/dSrG2qHc ➤ You can also join Noval Property’s live call tomorrow at 15:00 Greek time, where Panayiotis (Panos) Kapetanakos, CEO of Noval Property and Demetris Panayi, CFO of Noval Property, will provide a detailed briefing on the H1 2024 financial results, followed by Q&A session, by clicking on the link: https://lnkd.in/dvWiXwJV #NovalProperty #repurposegrowth #realestateportfolio #financialresults #sustainability

Noval Property will publish its H1 2024 Financial Results on Tuesday 17th September 2024. We are pleased to invite you to join our upcoming conference call on Wednesday 18th September 2024, where Panayiotis (Panos) Kapetanakos, CEO of Noval Property and Demetris Panayi, CFO of Noval Property, will present the Company’s latest financial performance, followed by a Q&A session. 📅 Wednesday 18th 2024 🕒 15:00 (GR) | 14:00 (CEST) | 13:00 (UK) | 08:00 (NY) ➤ Join the live audio conference by clicking the link below: https://lnkd.in/dvWiXwJV