REDS S.A., member of ELLAKTOR Group, is one of the leading real estate management and development companies in Greece. REDS S.A. operates in the fields of Real Estate Development and Management, aiming to add value to various types of properties. This is achieved either through their urban planning maturation (greenfield), their repositioning in the market (brownfield/repurposing), or through the exploitation of their use, the improvement of the tenant mix, and the terms of leases.
In the past, REDS has successfully applied its expertise across different property types, such as retail parks, office buildings, shopping centers, residential complexes, and more recently, tourism-related properties including marinas, hotels, and short-term rental accommodations.
The company’s investment focus lies in identifying properties whose optimal utilization can be achieved through its specialization in Development and Management, leveraging the permitted use to generate added value. Currently, REDS is focusing on hospitality sector properties, which offer more attractive opportunities for value creation.
One of REDS’ most significant development projects is the Alimos Marina, which has been operating since 2020 under a Concession Agreement granting the rights for its use, operation, management, and exploitation. The concession of Alimos Marina includes, among other things, the right to develop the land zone of a total area of 210,000 sq.m. for broad tourism, cultural, and leisure uses. This allows the implementation of an integrated tourism investment along the rapidly developing coastal front of the Greek capital, generating substantial added value both locally and nationally.
The provision of services to third parties is another activity of REDS. Specifically, the specialized staff of the company undertakes the entire range of real estate management and development services, from the stage of maturation (technical, legal, urban planning) to the functioning of the property. Briefly, the services of REDS are the following:
-Determination of real estate strategy (feasibility studies & business plans)
-Organization and update of real estate files
-Property management
-Management of real estate leases in operation
-Legal property management in operation
-Financial management of real estate and real estate ownership companies (of special purpose)
-Real estate promotion
-Management of the process of technical and legal maturation of properties
-Management and monitoring of concept & master plan design process
-Management and monitoring of the planning process of real estate development projects and accompanying infrastructure projects
-Management and monitoring of the licensing process
-Management and monitoring of the construction process of real estate development projects
The utilization of synergies with the other business areas of ELLAKTOR Group is a decisive factor in the implementation of the above strategy and the achievement of its growth goal.
The company’s portfolio consists of award-winning projects with international distinctions that seal in the best possible way the identity, philosophy and quality of its work.
REDS has constructed the Smart Park Shopping Mall, while the Alimos Marina, Gournes in Heraklion, Crete, projects and the Cambas Project in Kantza, Pallini, being under development.