The emblematic FIX property in Thessaloniki

DIMAND -one of the leading real estate development companies in Greece- presented its investment plan for Thessaloniki, and Dimitris Andriopoulos, the managing director of Dimand, showcased it at an event held at the former FIX brewery premises. The company, as part of its development trajectory, is implementing investments with a total gross value of approximately four hundred million euros (€400,000,000), among which the significant urban redevelopment of the FIX complex, located on 26th October Street, stands out.

The reconstruction of the historic brewery is part of the country's industrial heritage and is integrated into the broader urban regeneration plan that DIMAND has designed and is implementing in Northern Greece. This investment has an estimated value of one hundred and eighty million euros (€180,000,000), in which the company ELVIAL also participates as a co-investor.

The development includes the restoration and reuse of the three preserved complexes of the former FIX brewery in Thessaloniki, as well as the construction of two new building volumes, certified according to the internationally recognized LEED sustainable development system at the GOLD level, with two shared underground parking spaces. The total area of the property is estimated at 46,500 sq.m. The company completed the property purchase, and the maturation processes are already underway, so that on the 23-acre area, residences, hotels, dining and cultural spaces, commercial activities, and office spaces will be developed.

In the revival of the monument, crucial for its restoration are the strict preservation of its form, its architecture, and its complex volumetric design. The entirety of the interventions, both on the facades and inside the buildings, will be carried out with absolute respect to the site's historical significance, as the major part and technological equipment of the complex have been designated as a preserved monument of industrial heritage (Government Gazette 479/B/24.6.1994).

The "FIX" property, which began construction in the 1880s and was gradually completed by the end of the 1980s, is set to be revived. The preparatory works have already begun, and the project's completion is expected in phases up to Q2 of 2027.

DIMAND is investing in Thessaloniki, simultaneously developing the first large-scale bioclimatic business park in Northern Greece, in partnership with PRODEA Investments. The HUB26, which is located opposite the FIX property, will be an innovative business activity space for national and multinational companies. The project involves the construction of a new office complex, four buildings, with a total above-ground area of 20,200 sq.m. and basements of 10,800 sq.m., on an area of 7,700 sq.m. Additionally, the CITRUS building, which contributes 4,600 sq.m. to the development, is added to the same development on a total area of 9 acres

The implementation of HUB26 and CITRUS will be completed in phases from the fall of 2023 onwards. These are developments expected to be certified with LEED Gold and significantly contribute to the upgrading of the western entrance of Thessaloniki and, by extension, further strengthening its position and significance internationally. The projects are part of a broader regeneration program for the Western Gate, which, among other things, includes new public spaces, such as pedestrian and bicycle paths, connecting various points to the city center. In this context, there's also the company's initiative to donate a study for a bicycle path and redevelopment of 26th October, in collaboration with the Municipality and the Region.

DIMAND continues to invest in Northern Greece with the creation of the largest logistics center on the former property of BALKAN EXPORT, in Agios Athanasios. In a privileged location, as it's 23 km away from the city center and 16 km from the city's port, it will develop suburban logistics infrastructures, large-scale, and high added value. An investment expected to create 200 new jobs during the construction period and 150 permanent positions during the operation of the facilities.

Following is the "Project Skyline," the most significant property portfolio transfer agreement that has taken place in Greece in recent years. In this, the company, along with Premia Properties, participates in Alpha Bank's investment plan concerning 573 properties of various uses throughout the country, with about 50 of them located in Thessaloniki.