Astrea International Properties and VITAEL:
A Landmark Agreement Transforming the Real Estate Landscape in Athens
The signing of the agreement for the complete renovation of the iconic Urban City 44 marks the beginning of a new era in real estate development in Athens. On January 23, 2025, at the new offices of Astrea International Properties in Kolonaki, two leading companies in the sector, represented by Amit Aburman, CEO of Astrea, and Vasilis Vlasseros, CEO of VITAEL, joined forces in a project that has already garnered the attention and excitement of investors.
Through their collaboration, the building at 44 Piraeus Street will be transformed into an impressive apartment complex with a budget amounting to tens of millions of euros. Urban City 44 is not just another property – it is a project set to redefine the concept of modern urban luxury.
Urban City 44: A Benchmark in Living
The complete renovation of Urban City 44 aims to deliver a living experience that blends high aesthetics, innovation, and functionality. The project will feature 210 apartments designed to meet every need, offering ultimate comfort and state-of-the-art technology.
Smart building systems, a panoramic pool, business lounges, a gym, and an exceptional sky lounge are just some of the features that make Urban City 44 unique. Every detail has been crafted to exude luxury and elegance, with architectural design by the award-winning firm Liakos & Associates.
A Strategic Investment with Exceptional Management
In addition, the property management of Urban City 44 will be undertaken by Blueground, an internationally recognized leader in the market. The company provides comprehensive services, including maintenance, furnishing, and optimal utilization of properties, ensuring long-term partnerships and steady returns for property owners.
The collaboration with Blueground is of critical importance, as the apartments in Urban City 44 are positioned as investment properties, where professional and exceptional management plays a decisive role. Through its all-inclusive service model, Blueground ensures high occupancy rates and a premium living experience for tenants, while property owners benefit from consistent income and increased property value. In this way, Urban City 44 becomes a prime choice for investors seeking reliability and profitability.
The Strength of Partnership
The dynamic collaboration between Astrea International Properties and VITAEL guarantees the quality and success of this project. On the one hand, Astrea is renowned for its transparency, commitment, and high-quality standards in its projects. On the other, VITAEL brings its expertise in large-scale renovations and its reliability to the table.
The project, overseen by the project management company Focal Project Managers, is set to stand out as a landmark for Athens and its real estate market.
VITAEL’s extensive experience in constructing large-scale projects, such as Moxy Athens City, Spaces Office Athens (Solonos Street), which have received LEED certification, and MINION, enables the company to deliver impeccably designed large-scale buildings with a green orientation. These projects address the full range of their clients’ needs, which include multinational corporations, Greek companies, institutions, and organizations.
A Story That Has Just Begun
Among those present at the signing were Head Architect Simos Liakos, along with representatives from Focal Project Managers, including Christos Metos, COO, and Eleni Dimou, Project Manager. They all shared a common vision: Urban City 44 is more than just a project – it is a statement. A statement of confidence in the city’s evolution and a future where luxury and innovation coexist through a new model of operation and management.
Amit Aburman, CEO of Astrea International Properties, stated:
“Urban City 44 is not just another project for Astrea. It is the result of our commitment to innovation, quality, and the creation of exceptional properties. We believe this project will become a benchmark for the future of urban development in Athens, and we are excited to see it come to life in partnership with leading players like VITAEL.”
The signing of this agreement not only marks the beginning of a high-demand project. It heralds a new era for Astrea International Properties, VITAEL, and the real estate market in Athens. One thing is certain: Urban City 44 has all the potential to become the new center of attention.
To learn more about the project, click here: https://urbancity44.gr/
