Keranis Residences
Piraeus' largest mixed-use project: a 408-unit residential investment. Eligible for the Golden Visa's commercial-to-residential conversion route from €250,000; offers a contractual 3% annual rent (before taxes), fixed for the first 10 years of a 20-year lease.
About This Project
A 408-unit mixed-use project at the heart of Piraeus, built on 29,900 m² over 6 floors, created by converting the historic Keranis tobacco factory into a modern residential hub — Piraeus' largest mixed-use development. Comprises four furnished apartment types (studio, twin, 1+1, and 2+1, 42–95 m²); every unit comes with an individual title deed. Combines a 400-seat rooftop restaurant with Acropolis views, cafés, retail spaces, co-working areas, a gym, a hair/beauty salon, landscaped courtyards, and office space. Within walking distance of tram and metro stations, the University of Piraeus, and the port; about 20 minutes by car to central Athens, and roughly 45 km from Athens International Airport. Expected delivery: 31 December 2027, subject to a 12-month grace period under the Lease Agreement.
Commercial-to-residential conversion (the €250,000 route)
Highlights & Privileges
- Piraeus' largest mixed-use project — the conversion of the historic Keranis tobacco factory
- Golden Visa eligible — the commercial-to-residential conversion route, from €250,000
- Individual title deed for every unit
- Contractual 3% annual rent (before taxes) — fixed for the first 10 years of a 20-year lease, paid annually from delivery
- Optional buyback, chosen when signing the Legal Package — exercisable from the end of Year 10 at the purchase price stated in the deed
- Rooftop restaurant with Acropolis views and extensive social spaces
- Walking distance to tram, metro, and university — about 20 minutes to central Athens by car
- Expected delivery: 31 December 2027, subject to a 12-month grace period under the Lease Agreement
Under the 20-year Lease Agreement, the investor receives a contractual annual rent of 3% of the purchase price (€7,500 a year on a €250,000 investment), before taxes. The 3% is fixed for the first 10 years of the lease and inflation-adjusted thereafter. Rent is paid annually, starting from the delivery of the unit. Separately, an annual appreciation of 4–7% is projected based on market data — this second figure is an estimate, not a contractual figure.
Frequently Asked Questions
Explore the complete project
Unit types, mock-up apartment, amenities, yield simulator, exit options and Golden Visa — on one page.
Keranis Residences Exclusive ShowcaseOther Projects You May Be Interested In
Helios
A fully furnished, 36-unit, one-bedroom residential project in the Exarchia district of Athens, within walking distance of universities and cultural landmarks. Golden Visa eligible, starting from €250,000.
Selini
A 19-unit boutique residential project in the Gazi district of Athens, 150 meters from Technopolis. Offers fully furnished one-bedroom apartments; Golden Visa eligible, starting from €250,000.
Astraia
A 10-unit boutique residential project in the Neos Kosmos district of Athens, within walking distance of three metro stations. Offers fully furnished apartments; Golden Visa eligible, starting from €250,000.