Keranis Residences
Piraeus' largest mixed-use project: a 408-unit residential investment. Eligible for the Golden Visa's commercial-to-residential conversion route from €250,000; offers a guaranteed 3% annual rental yield for 10 years.
About This Project
A 408-unit mixed-use project at the heart of Piraeus, built on 29,900 m² over 6 floors, created by converting the historic Keranis tobacco factory into a modern residential hub — Piraeus' largest mixed-use development. Comprises four furnished apartment types (studio, twin, 1+1, and 2+1 — including appliances, air conditioning, and a TV, 42–95 m²); every unit comes with an individual title deed. Combines a 400-seat rooftop restaurant with Acropolis views, cafés, retail spaces, co-working areas, a gym, children's play areas, sports facilities, a hair/beauty salon, landscaped courtyards, and office space. Within walking distance of tram and metro stations, the University of Piraeus, and the port; 20–30 minutes by metro to central Athens, and roughly 45 km from Athens International Airport.
Commercial-to-residential conversion (the €250,000 route)
Highlights & Privileges
- Piraeus' largest mixed-use project — the conversion of the historic Keranis tobacco factory
- Golden Visa eligible — the commercial-to-residential conversion route, from €250,000
- Individual title deed for every unit
- 10-year guaranteed 3% annual rental yield
- Optional guaranteed buyback option
- Rooftop restaurant with Acropolis views and extensive social spaces
- Walking distance to tram, metro, and university — 20–30 min to central Athens by metro
- Expected delivery: late 2027
Under the lease and management agreement, a 3% annual return (a minimum of €7,500 per year on a €250,000 investment) is contractually guaranteed for 10 years, regardless of occupancy. In addition, an annual appreciation of 4–7% is projected based on market data — this second figure is an estimate and is not covered by the guarantee.
Frequently Asked Questions
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