Is the apartment registered in my name?

Yes. The investment structure is individual ownership of a residential unit within a professionally managed mixed-use project — each unit has its own title deed.

Does the 3% yield depend on occupancy?

No. Under the 20-year Lease & Management Agreement the yield is 3% of the purchase price per year (€7,500 on €250,000) regardless of whether the unit is fully occupied or sees seasonal variation. It is fixed for the first 10 years and inflation-adjusted thereafter. The figure is before taxes.

Will I pay maintenance or management fees?

No. Operation, maintenance and tenant management are handled professionally; there are no maintenance or management costs for the investor and the unit is maintained throughout the lease.

How does the buyback option work?

If you select it when signing the Legal Package, from the end of Year 10 (and once a year thereafter) you can sell the unit back at 100% of the purchase price. It starts with written notice and completes by public deed; you keep all rent earned. The lease ends on buyback.

Can I sell before Year 10?

Yes — resale on the secondary market is possible at any time. The buyer takes over the remaining lease; the project holds a right of first refusal.

Can I stay in the apartment myself?

Units are operated professionally under the 20-year lease and management agreement, which is what the yield model is based on. Talk to us for the contractual details on personal use.

When will the project be delivered?

The expected opening is Q1 2028. Construction is under way following the official groundbreaking ceremony; the latest site update is from August 2026.

How long does the Golden Visa process take?

On average 6–8 months from onboarding to final residence cards. One completed case in this project took about 6 months, with the first Certificate of Submission issued just days after the public deed.

Is the capital appreciation guaranteed?

No. The 4–7% annual range is a projection based on the Bank of Greece Residential Price Index and is not guaranteed. Only the contractual 3% rental yield is guaranteed.

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Piraeus, Athens · Golden Visa · €250,000

Keranis Residences

A landmark reborn in Piraeus

The historic Keranis factory is being transformed into a 29,900 m² living and investment destination. 408 fully furnished apartments, a rooftop restaurant facing the Acropolis and professional management — European residency combined with a predictable rental income.

Individual title deed per unit20-year lease & management agreementZero maintenance fees — fully hands-free100% buyback option from Year 10

Explore the Investment Request the Project File

Starting Investment

€250,000

Golden Visa conversion category

Fixed Annual Yield

€7,500 a year — occupancy-independent

Residential Units

408

42–95 m² across 6 floors

Expected Opening

Q1 2028

Under construction

Images are illustrative

The Landmark of Piraeus

The largest mixed-use project in Piraeus

A historic industrial landmark transformed into a 29,900 m² residential and lifestyle destination that brings living, retail, work and leisure under one roof.

29,900 m²

total built area

Residential
408 apartments (42 m² to 95 m²) across 6 floors
Commercial & Retail
Cafés, ground-floor restaurant, retail stores
Professional Spaces
Administrative offices and dedicated working spaces
Wellness & Leisure
Gym, leisure area, beauty salon, wellness centre
Top Floor
Rooftop bar & restaurant (400 seats) with panoramic Acropolis views

Project Concept

Connected Living

Direct access to Piraeus port, Athens city centre and the Riviera via highway, metro, train, tram and bus.

Premium Lifestyle

A landmark property that combines premium living with seamless urban access.

Designed for Modern Living

Meeting the demand for modern homes with high-end facilities and services.

Integrated Urban Experience

Blending business, education, culture and sports facilities in a dynamic, fast-growing area.

The History Behind the Building

A historic factory, a new chapter

Keranis Residences preserves the industrial heritage of Piraeus while offering a contemporary lifestyle.

The project converts the former Keranis factory into modern residential units, transforming a long-unused structure into a thriving urban living space.

This 20th-century factory was once a key part of the city's industrial expansion. Spanning 28,700 m², it played a vital role in the local economy, evolving over decades before closing in the early 2000s.

Left vacant for years, a new vision emerged — reimagining the site as a dynamic urban development that blends history and modern living. Now, as Keranis Residences, it marks a fresh chapter for Piraeus, honouring its past while embracing the future.

20th century
Industrial landmark
A 28,700 m² factory at the heart of Piraeus' industrial growth.
Early 2000s
Closure
The factory closes and the building stands vacant for years.
Today
Transformation
Construction under way following the official groundbreaking ceremony.
Q1 2028
Opening
Expected opening of Keranis Residences.

The Product

Precision-engineered residential units

Optimised layouts from 42 m², designed for modern urban professionals. Four unit types, all delivered fully furnished.

Type A · Open Space Apartment

Sophisticated open-plan living

A smart and functional open-plan residence designed to maximise comfort, natural light and space efficiency, featuring an integrated sleeping, living and kitchenette area.

What's included

Double bed
WC with shower
Wardrobe
Kitchenette
Dining bench
Living area
Wide window

Floor plan

Unit types range from 42 m² to 95 m². Contact us for the current size and price list.

All units are delivered fully furnished and maintained in pristine condition for the duration of the lease.

Apartment Design Preview

A real preview of the finished apartment

Not renders — actual photographs of the mock-up apartment.

Real photo

This mock-up apartment offers a realistic preview of the proposed layout, materials and interior atmosphere of Keranis Residences, providing a tangible sense of how the final space will look and feel.

Designed with comfort, functionality and contemporary urban living in mind, the interiors combine clean lines, neutral materials and efficient layouts to create welcoming spaces suited to different lifestyles.

From the living areas and kitchen to the bedroom and bathroom, the concept reflects the project's focus on quality, practicality and a consistent design language throughout the residences.

Lifestyle & Amenities

A city within the building

From social spaces to daily essentials, fitness to workspaces — residents and tenants find everything under one roof, a value that directly supports rental demand.

A rooftop facing the Acropolis

A 400-seat rooftop bar & restaurant with panoramic views of Athens and the Acropolis — the city's new meeting point for socialising and leisure.

Location

Piraeus: the strategic gateway to Athens

Coastal living, urban connectivity and a city in transformation.

Piraeus combines the character of one of Greece's most historic port cities with the energy of a modern urban destination. Its waterfront lifestyle, marinas, cultural attractions and continued investment in residential, commercial and transport infrastructure are reshaping the city.

Strategically located in the heart of Piraeus, Keranis Residences is approximately 20 minutes from Athens city centre and 15 minutes from the Acropolis, with convenient access to the metro and Piraeus Port.

Piraeus is entering a new era of urban transformation. New residential developments, retail destinations and business hubs are reshaping the city, strengthening the local economy and reinforcing its long-term investment potential.

Within walking distance

Tram station100 m
Supermarket220 m
Piraeus Port300 m
Metro station450 m
Teleperformance hubs900 m
University of Piraeus~1 km
Peace & Friendship Stadium Park1 km
Karaiskakis Stadium1.3 km
Metropolitan Hospital1.5 km
Public hospital1.65 km
Athens Marina2.7 km

Athens International Airport45 km

By car

4min

Olympiacos Stadium

5min

Piraeus city centre

7min

Municipal Theatre

15min

Acropolis

15min

Marina Zeas

Life around Keranis

Gastronomy & Wine

From ouzo and meze by the sea to fresh fish in Mikrolimano, creative cuisine in Kastella and industrial-style clubs by Akti Kondili — traditional Greek charm blended with modern vibes.

The Greek Seas

Right on the Aegean doorstep, Piraeus connects to over 50 islands. Reach Aegina and Hydra in under an hour, or take direct routes to Mykonos, Santorini and Crete.

Festivities & Music

Festivals like the Piraeus Taste Festival celebrate the city's rich culinary heritage with vibrant events all year round.

Open in maps ↗

Rental Demand

Four strong rental demand drivers in Piraeus

A diversified tenant base supporting an estimated 90% annual occupancy rate.

90%

estimated annual occupancy

300 m to the port

Maritime Executives

Just 300 m from the Port of Piraeus, Keranis Residences is positioned to attract shipping professionals seeking premium, serviced living for both short and extended stays.

~1 km to campus

University Students

Close to the University of Piraeus, the project responds to the growing demand for quality student accommodation in a central urban location.

900 m to Teleperformance

Tech Professionals

Only 900 m from Teleperformance, the project benefits from demand generated by highly skilled international professionals relocating to or working in Piraeus.

Turnkey

Digital Nomads

With turnkey units, co-working areas and fast access to Athens, the project appeals to mobile professionals seeking flexibility and convenience.

Investment Model

A strategic residency opportunity

EU residency through the largest mixed-use project in Piraeus — in five pillars.

The Entry

€250,000

Starting investment in the qualified Golden Visa conversion category

The Yield

3% / year

€7,500 a year via a 20-year Lease & Management Agreement

The Management

100% hands-free

Professional operation and zero maintenance fees

The Exit

From Year 10

Buyback option at 100% of the purchase price

The Timeline

Q1 2028

Expected opening

Keranis investment vs. traditional property investment

Feature	Traditional Property	Keranis Residences
Entry barrier	€800,000 in prime zones (Athens/Piraeus)	€250,000 (qualified conversion category)
Management	No secure long-term rental; time-intensive and "on call" for tenant issues	Hassle-free — professional management handles everything
Maintenance	High, variable costs (roof, HVAC, plumbing)	No maintenance fees for the investor
Annual yield	Uncertain; subject to vacancies and market shifts	3% of the purchase price — fixed for the first 10 years, inflation-adjusted thereafter
Appreciation	Conditional on the area and upkeep of the apartment	Projected 4–7% per year (not guaranteed)
Exit timeline	Average 77 days from listing to close	Optional buyback from Year 10; resale possible at any time, with the buyer taking over the 20-year lease
Bureaucracy	Complex taxes, notary and legal fees	Full legal support provided
Long-term condition	Varies; may require costly renovations	Pristine — fully serviced for the entire lease period

Yield Simulator

Your investment's potential roadmap

See the fixed rental income and different appreciation scenarios with your own numbers. Rental income is contractual; appreciation is a scenario only.

Investment amount€250,000

Annual appreciation scenario

Holding period

Fixed 3% rent × years (post-Year-10 inflation indexation not included — conservative).

€250,000

€157,000

€75,000

€482,000

Initial investment

+ Illustrative capital gain

+ Cumulative rental income

= Estimated total value

Estimated total value · 10 years · 5%€482,224

Appreciation scenarios (compounded)

Period	4%	5%	6%	7%
10 years	+48.0%	+62.9%	+79.1%	+96.7%
15 years	+80.1%	+107.9%	+139.7%	+175.9%
20 years	+119.1%	+165.3%	+220.7%	+287.0%
25 years	+166.6%	+238.6%	+329.2%	+442.7%
30 years	+224.3%	+332.2%	+474.3%	+661.2%

According to the Bank of Greece Residential Price Index, Piraeus has averaged 5% annual growth since 1997. The table compounds the selected rate annually.

This simulation is for information only. Rental income is subject to the signed agreement; appreciation figures are scenarios based on historical data and are not a guarantee of future performance. Taxes are not included.

Exit Options

Your exit, your choice

An optional buyback structure designed to support investor flexibility and capital protection — selected by the investor when signing the Legal Package.

When

From the end of Year 10, and once a year thereafter for the life of the lease.

Price

100% of the purchase price stated in the acquisition deed.

How

Written notice ahead of the chosen exercise date; completion by public deed within the following months.

In practical terms: investors who select the option can, from Year 10, hand the unit back and recover the purchase price — while keeping all rent earned.

1
Year 0
Invest €250,000
2
Years 1–10
Collect €75,000 predictable income
3
Year 10
Three possible journeys

Capital Return

Exercise the buyback at Year 10
100% capital return (€250,000)
Keep all earned rent

Appreciation

Continue holding
Benefit from market growth
Request the buyback later

Private Sale

Sell on the secondary market
Capture any market premium
Private exit

The project holds a right of first refusal; the buyer takes over the remaining lease term.

Golden Visa

A strategic route to European residency

Keranis Residences sits in the commercial-to-residential conversion category of Greece's Golden Visa programme — an investment from €250,000 instead of the standard €800,000 threshold for Athens/Piraeus.

Golden Visa

Starting from €250,000

A real example: about 6 months

The actual timeline of one completed investor case in this project. The average from onboarding to final residence cards is 6–8 months.

112 June
Onboarding initiated
2June
Reservation agreement signed (scanned copy)
323 June
Down-payment proof received — Legal Package sent the same day
425 June
Authentication session (power of attorney signed remotely)
514 July
Originals received at the office
617 July
Remaining payments completed
725 July
Public deed executed (copy + translation received the same day)
84 August
Certificate of Submission — main applicant
98 August
Certificate of Submission — family
10September
Blue paper (temporary residence certificate) issued
11October
Biometrics appointment (Athens)
12December
Final residence cards issued

Read the full Golden Visa guide

Construction Progress

Keranis Residences is taking shape

Bringing a new residential and lifestyle destination to the heart of Piraeus.

Official groundbreaking ceremony
The official start of construction — a major milestone in the transformation.
Façade & structural works
The building is under scaffolding; conversion works are in progress.
Interiors & furnishing
Rolling out the design language set by the mock-up apartment across all units.
Opening — Q1 2028
Handover of the units and start of the lease & management period.

Why Greece, Why Now?

A maturing real estate market

A flourishing economy and a maturing real estate sector offer foreign investors a blend of stability and growth potential.

GDP growth

2.1%

2025

Inflation

2.5%

2025 — a sign of economic stabilisation

Unemployment

8.9%

Yearly average

Since 2018

~75–85%

Cumulative national residential price growth

Annual growth in new residential prices

+10.2%

2024

+7.7%

2025

+5.7%

Q1 2026

The Q1 2026 figure is year-over-year growth in apartment prices nationwide.

Why now?

Market recovery
Favourable appeal for foreign investment
Attractive political & economic reforms
Competitive yields
Capital appreciation potential
High Golden Visa demand from non-EU investors

Urban centres

Athens, Piraeus and Thessaloniki lead in high-demand pricing.

Tourism properties

Strong performance in island destinations.

Commercial real estate

Office and retail spaces in prime locations.

Source: Bank of Greece

FAQ

Frequently asked questions about Keranis Residences

Yes. The project is structured in the commercial-to-residential conversion category of Greece's Golden Visa programme, where the investment threshold is €250,000 rather than the standard €800,000 for Athens/Piraeus.

Next Step

Request the Keranis Residences file

Fill in the form for current availability, the price list, floor plans and a summary of the agreement. Our team will get back to you and help you plan the Golden Visa process end to end.

Current price list and available units
Lease & management agreement and buyback summary
Golden Visa application timeline and document list
Free, no-obligation consultation

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Important notice: This page is a summary for information purposes only; the signed Legal Package prevails. Images are illustrative, may be modified and may not correspond to reality. Appreciation figures are projections, not guarantees; yield figures are before taxes. Marelia Invest shares your inquiry with the relevant project representative.