Noval Property is successfully completing the reconstruction of another significant project in its portfolio, further strengthening its urban development footprint. ‘’Ardittos House’’, a new residential and office building located at 40-42 Ardittos Street in Mets, with a total area of 4,300 sqm and a total leasable area of 2,600 sqm. The building comprises three residential floors, a ground floor and a mezzanine with modern office spaces, as well as two basement levels with parking facilities. Its exceptional location just minutes away from the Panathenaic Stadium and the historic center of Athens, combined with its modern architecture, make it ideal for those seeking a harmonious balance between business activity and quality living in Athens.
“Ardittos House”, in the heart of Mets, uniquely integrates modern design and high aesthetics with Athenian heritage. The complete reconstruction of the building, originally dating back to 1981, preserves the classic character of the traditional Athenian apartment building while incorporating contemporary architectural elements, such as spacious balconies and larger openings that maximize the breathtaking views of the Acropolis and Lycabettus Hill. The building features luxury apartments and modern office spaces, offering high-quality amenities such as an impressive rooftop pool and a fully equipped gym. The sculptural composition “The Secret of the Sacred River”, by Venia Dimitrakopoulou, adorns the building’s entrance.
In alignment with the company’s strategy and philosophy of prioritizing sustainable development, the marble surfaces from the building’s original façade were carefully restored and repurposed in the interiors of the new structure. The project is expected to achieve LEED BD+C New Construction & Major Renovation v4.1 environmental certification, reaffirming the company’s commitment to developing high-quality, energy-efficient buildings.
Mr. Mihalis Panagis, CEO of Noval Property, stated: “We are very pleased with the completion of the reconstruction of the property in Mets. With a strong emphasis on high quality, contemporary architecture, and energy efficiency, Ardittos House enhances both the depth and the robustness of the company’s portfolio, offering a renewed space that meets the modern needs of the market while creating significant prospects in areas of high demand. At Noval Property, we remain focused on investing in property development, with the aim of creating value through a resilient and high-quality portfolio that delivers long-term benefits for our shareholders, our people, and society as a whole.”
About Noval Property
Noval Property is a Real Estate Investment Company (REIC), listed on the Athens Stock Exchange. The investment portfolio of Noval Property, which comprises 61 properties (1 through a participation in a real estate company) located mostly in Greece and selectively in Bulgaria, includes office buildings, shopping centres, retail parks, logistics, residential, hospitality and industrial assets of total leasable area of approx. 343.000 sq.m.. The fair value of Noval Property’s investment portfolio reached EUR 648 million as of 31st December 2024. Noval Property is a subsidiary of Viohalco.
For more information, you may visit our web site www.noval-property.com.