Pelargos

What Pelargos does

Pelargos Technical Construction Company (Πελαργός Τεχνική Κατασκευαστική) is a privately held Greek construction and real estate development firm founded in 1977. It is headquartered at 132 Artemidos St., Paleo Faliro, and operates exclusively in the southern suburbs of Athens — specifically Alimos, Glyfada, Voula and Paleo Faliro. The firm is family-controlled, with co-founders Alexandros Romvos and Voulis Georgiadis (1959–2021) succeeded by next-generation shareholder-operators including Byron Georgiadis (civil engineer), Eirini-Iris Romvou, and Rania Kyriakopoulou (senior architect). No external institutional investors, private equity or venture capital ownership is indicated.

The company's core product is end-to-end residential (and selected commercial) construction delivered through vertically integrated architectural design, engineering and build services. Current projects comprise multi-floor buildings (3–8 floors) targeting Energy Class A or A++ ratings, with amenity packages that include underground parking, storage rooms, exclusive gardens, rooftop terraces with pergolas, and swimming pools in select properties. The pipeline includes buildings scheduled for completion in 2026, 2027 and 2028 across the four southern suburbs. The firm reports 3,500 apartments, houses and commercial buildings completed since founding.

Pelargos generates revenue through one-time unit sales of newly constructed properties directly to end buyers, with no intermediaries, real estate agents or channel partners. Pricing is not publicly disclosed on the bilingual (Greek/English) website; prospective buyers must contact the firm by phone or visit the headquarters. Customer segments consist of individual residential property buyers (primary), commercial property buyers, and real estate investors seeking Athens-southern-suburb assets. The go-to-motion is direct-to-consumer, supported by an in-house bilingual website, downloadable PDF brochures, and physical viewings at headquarters.

Name

Pelargos

Legal name

Pelargos Technical Construction Company (Πελαργός Τεχνική Κατασκευαστική)

Website

https://pelargoscon.gr

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

Pelargos is a family-owned Greek construction firm founded in 1977 that develops and sells newly built residential and commercial properties directly to buyers in the southern suburbs of Athens (Alimos, Glyfada, Voula, Paleo Faliro).

Ownership category

akta.pro rank

Product category

Residential Construction

NAICS

Commercial and Institutional Building Construction (236220), Architectural Services (54131)

SIC

General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Residential property development
• Construction services
• Apartment building construction
• Real estate development
• Commercial property construction

Headquarters

HQ city

Attikí

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. New Property Sales: Pelargos generates revenue by developing and constructing residential and commercial buildings in the southern suburbs of Athens, then selling individual apartments and units to buyers. Revenue is realized upon completion and sale of each property unit. This is a one-time transaction model per unit, with multiple units across various development projects generating ongoing revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Pelargos is a Greek construction company that develops and constructs residential and commercial buildings in the southern suburbs of Athens, then sells individual apartment units and houses to buyers. The company manages the full project lifecycle from architectural design through construction completion, with a strong emphasis on energy-efficient buildings (A and A++ energy ratings), modern design, and premium amenities such as underground parking, storage rooms, rooftop terraces, and swimming pools.

Product overview

Pelargos Technical Construction Company is a Greek real estate development and construction firm established in 1977. The company's product portfolio consists of residential property development and construction services. The offering is structured as a unified construction service that encompasses the complete lifecycle of residential building projects from architectural design through completion and sale. The portfolio includes two main categories: (1) Properties Under Development - new residential buildings in various stages of construction across southern Athens suburbs (Alimos, Glyfada, Voula, Paleo Faliro) with energy-efficient designs (A to A++ ratings), featuring apartments with parking spaces, storage rooms, gardens, and rooftop terraces; and (2) Completed Construction Projects - a portfolio of finished residential buildings delivered from 2020 to 2024. Since 1977, the company has completed construction of 3,500 apartments, houses, and commercial buildings in the southern suburbs of Athens.

Differentiator

Problem solved

Functional benefit

Products and services

• Oinois 81, Glyfada - New Apartment Building

Quantifiable outcome

• 3,500 apartments, houses and commercial buildings completed since 1977
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Intrakat: Greek construction and infrastructure group with a real estate development arm undertaking residential, commercial, and mixed-use projects in Greece. Comparable to Pelargos in residential construction activity and Greek market presence, though at larger scale.
• Noval Property: Greek real estate investment and development company active in residential, commercial, and hospitality assets. Comparable as a Greek property developer with direct exposure to the Athens residential market, though larger and more diversified than Pelargos.
• Babis Vovos International Construction (BVIC): Greek real estate developer and constructor active in the Athens metropolitan area, focused on residential and commercial property development with direct-to-buyer sales. Highly comparable to Pelargos given similar Greek residential construction model and Athens market focus.

Others

• Titan Cement Group: Greek-headquartered building materials producer supplying cement, aggregates, and concrete across Mediterranean markets. Not a direct competitor but a key upstream supplier whose input cost trends directly affect Pelargos's construction economics.

Broad incumbents

• GEK TERNA Group: Major Greek construction, infrastructure, and real estate group with significant residential development activity. Comparable as a Greek multi-family residential builder, though broader scope and much larger scale than Pelargos.
• Persimmon plc: Major UK homebuilder focused on new-build residential development and direct sales to consumers. Comparable to Pelargos as a multi-family residential developer with direct-to-consumer sales model, though at vastly larger scale and different geography.
• Lamda Development: Leading Greek real estate developer behind large-scale mixed-use projects including the Hellinikon development in Athens. Comparable as a Greek property developer though focused on large landmark projects versus Pelargos's boutique suburban apartment buildings.
• Ellaktor: One of Greece's largest construction groups, with operations spanning construction, concessions, real estate development, and renewable energy. Comparable as a Greek residential/commercial builder though materially larger and more diversified than Pelargos.
• Aroundtown SA: European real estate company focused on prime city-center office and residential properties. Comparable thematically as a European multi-family residential operator, though institutional scale and office focus differ from Pelargos's boutique suburban Athens model.
• REDS (Real Estate Development & Services): Greek real estate developer active in commercial and mixed-use assets, with exposure to the Athens market. Comparable as a Greek property developer, though focused on commercial and large mixed-use projects rather than small multi-family residential.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pelargos