Investment “heat” in Thessaloniki – Which multi-million dollar deals are being conceived, which multinationals are “branding” the city
The co-capital firm on the investors’ radar – Which projects are running – The western entrance…seduces the participants – The widespread diffusion of the benefits to the local economy is requested
The Vardaris investment, with entrepreneurship and innovation at the center, which has been blowing in Thessaloniki for about two years undoubtedly strengthens the extroversion of the city which opens up the bright field of glory for local business, turning it at the same time into a pole of attraction for more and more companies of global scope. . There is no doubt that Pfizer’s vote of confidence in the city was decisive as it sent the right signals to investment circles.
Of course, the real financial impact of the Thessaloniki investment marathon remains to be seen whether it will spread throughout the region’s economic activity or fade away without causing a tangible attack on the local business. According to estimates from people in the real estate market, deals of more than 40 million euros are currently being “baked” for the market alone, which means that investments of several million will be required for their development and exploitation, which will maximize the benefits for the local economy .
The long-awaited Metro in 2023, the development and substantial upgrading of the port, the attraction and establishment of foreign multinationals in Thessaloniki, the implementation of infrastructure projects that will push the city forward such as the upgrading of the Eastern Regional, new hotel units, the renovation of the exhibition center . TEF, the technological ThessINTEC, the railway Egnatia is changing the level of the introverted Thessaloniki for many years, giving it an air of development, while making it an attractive investment destination.
At the same time, the western entrance of the city and the western coastal front, up to and beyond the Vegetable Gardens, is coming into the limelight with investors steadily turning their eyes there as its development potential is huge. The business heart of Thessaloniki, if the deals that are conceived come to fruition and the lively interest is translated into actions, could beat there in the coming years.
Deutsche Telecom
The entry of the multinational German telecommunications giant, Deutsche Telekom, in Thessaloniki, with the company looking for a place for a permanent installation for the 2,500 sq m, concerns the immediate relocation of part of the European group that had a presence in Saint Petersburg and left there after the sanctions about the Russian invasion of Ukraine. This particular investment highlights Thessaloniki in a technological hub boosting the technological profile of the country, putting Greece on a global technological map.
It is estimated that over 500 people will be employed by 2024 at Deutsche Telecom’s IT hub in the city. DT’s IT HUB is temporarily housed in part of OTE’s five-story property, at the junction of Karolos Dill and Vasileos Heraklion streets, but in the future, probably within 2023, it is planned to move to another property of the Group, possibly to one at the beginning of Lagada, which will be renovated for this purpose. The Telekom IT hub in Thessaloniki, where software developers work, developing various solutions (billing and ERP systems, services), aims to develop into one of the most innovative IT centers in Europe.
DEMAND
At the same time, Dimand’s project for the construction of a business park is also underway. The company’s 6-acre plot of land is located directly across from the old FIX brewery, on 26th Oktovriou, Frixos and Uranou Nikiforos streets in the Municipality of Thessaloniki.
The design foresees the construction of four buildings, while each building consists of a ground floor and five above-ground floors. Next is also its remodeling around the old Fix factory, thanks to the arrival of around 2,600 workers. The consortium aims to certify the building under LEED Gold level, while the common areas will have the interactivity between the users of the acite.
The investment for the project, which will have a total area of 21,200 sq.m. and to be completed by the end of 2023, is estimated at 35 million euros, including the purchase of the plot.
Americans, French, Israelis are rushing
A company of Israeli interests joined the investment dance and proceeded to purchase an apartment building at 188 Vasilissis Olga for 2.2 million euros, which will be reconstructed into a 30-apartment apartment building with a completion plan in 2023. In May 2023, the other project was also completed of the same company on Monastiriou Street.
Thessaloniki… is also scanned by American business firms specializing in customer engagement and business performance. The company is looking for premises of more than 2,000 sq m. Even its city “votes” and the French multinational in the field of telephone services.
Source makthes.gr