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Piraeus, Greece

Piraeus Tower

Alpha Bank (LTA), Municipality of Piraeus (IC)

The renovation of the landmark Piraeus Tower - Greece’s second tallest building - transformed the ‘sleeping giant’ into modern office accommodation, retail and restaurant space within the Piraeus Port area of Athens.

Construction of the famous tower, at the heart of Europe’s biggest passenger port in Athens,  originally commenced in 1972, with the building frame reaching completion in 1974 but the project was never formally completed.

Services

Asset Management Project Monitoring & Due Diligence

Sectors

Office & Commercial Hotel & Leisure Retail
Key Information

88

metres tall

22

storeys

2nd tallest

building in Greece

Platinum

LEED certification

Tall illuminated building from which blue light beams radiate across the night sky

After almost five decades of dormancy, the building was reawakened following completion of its redevelopment in 2024, with an official opening ceremony, attended by Prime Minister Kyriakos Mitsotakis, held on Tuesday June 4, 2024.
The building’s reimagining was initiated by Piraeus Tower S.A., a joint venture of Cante Holdings Ltd (DIMAND and EBRD) and PRODEA Investments, in July 2020, when the developer embarked on a 99-year concession of the tower from the Municipality of Piraeus.


In addition to an extensive internal reconfiguration and refurbishment, the landmark tower features a brand-new exterior façade. Rising to 88 metres, over 22 storeys, the completed ‘green’ office and commercial building is set to achieve ‘Platinum’ certification under the LEED international sustainability standard.


McBains provided lender’s technical advisory services to Alpha Bank and independent certifier services to the Municipality of Piraeus.

Image gallery
Tall modern building illuminated in bright red lights overlooking harbour at sunset
Tall illuminated building from which blue light beams radiate across the night sky
Tall building overlooking harbour at sunrise
High‑rise glass building stands in the foreground overlooking a harbour with ferries near the shore
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