Orilina Properties

What Orilina Properties does

Orilina Properties is a Greek Real Estate Investment Company (ΑΕΕΑΠ) licensed by the Hellenic Capital Market Commission (license 5/831/6.11.2018) and listed on the Athens Stock Exchange under the ticker ORILINA, having completed its IPO in 2018. As of December 31, 2025, the company reported €205 million in total assets and a portfolio valued at €182 million across 15 properties covering 193,251 square meters of land area, with stated 100% occupancy. The portfolio is geographically concentrated in Attica and Thessaloniki and spans Class A offices, retail, mixed-use assets, and a luxury residential development pipeline.

Revenue is generated primarily through rental income from a tenant roster of creditworthy Greek and multinational corporates (Piraeus Bank, Kotsovolos, HEDNO/DEDDI, Fourlis, Korres, Jumbo, Uni-Pharm, Attica Odos, Coca-Cola HBC, Essity, Metaxa, Green Cola, IFSAS, Thalis, Playmobil) and through capital appreciation from property development and sales. As a regulated ΑΕΕΑΠ, Orilina is required to distribute at least 50% of distributable profits annually. Ownership is concentrated, with founders Tryfwn and Despoina Natsi holding 57.86% alongside institutional holders Banque Pictet (10.85%) and St. James's Place (5.43%); 153,908,095 shares are outstanding.

Strategic positioning has shifted toward high-end residential and mixed-use development, most visibly through a partnership with architect Kengo Kuma for the Marina Residences and Elliniko Private Club projects within the Elliniko seafront redevelopment zone, supported by recent land acquisitions (2023), secured building permits (2025), a CEO transition to Aggeliki Tziou (2024), a free share distribution (2023), and an active share buyback program (2024). Near-term performance drivers are rental yields, lease renewals on existing income-producing assets, and execution of the Elliniko luxury development pipeline.

Name

Orilina Properties

Legal name

Orilina Properties A.E.E.A.P. (Ανώνυμη Εταιρεία Επενδύσεων σε Ακίνητη Περιουσία)

Website

https://orilina.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Orilina Properties is a Greek REIT (ΑΕΕΑΠ) listed on the Athens Stock Exchange, holding €182M of office, retail, mixed-use, and luxury residential property across Attica and Thessaloniki. Revenue comes from corporate leasing and luxury development via a Kengo Kuma partnership at Elliniko.

Ownership category

akta.pro rank

Product category

Real Estate Investment Services (REIT/REIC)

NAICS

Lessors of Real Estate (5311), Nonresidential Property Managers (531312)

SIC

Real Estate Investment Trusts (6798), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

akta.pro secondary industry

Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

Keywords

• Real estate investment
• Commercial property leasing
• Residential property development
• REIT asset management
• Greek property portfolio

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Rental Income from Commercial Properties: The company generates rental income from its portfolio of commercial properties including office buildings, retail stores, and supermarkets. Tenants include major Greek and multinational corporations under long-term leases.
2. Property Development and Sales: The company develops residential properties for sale (such as Marina Residences by Kengo Kuma at Elliniko), generating capital gains rather than recurring rental income from residential assets. This development arm represents a dynamic growth component of the portfolio.
3. Capital Appreciation: REIT regulations require minimum 50% annual dividend distribution of net profits. The company aims for medium-to-long-term value creation through active asset management and strategic property improvements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Orilina Properties is a publicly listed Greek Real Estate Investment Company that acquires, owns, and manages a diversified portfolio of 15 income-generating commercial properties (Class A offices, retail, supermarket) in Attica and Thessaloniki, while also developing luxury residential projects for sale (Marina Residences by Kengo Kuma at Elliniko). The company earns recurring rental income from long-term commercial leases and capital appreciation from property development, operating under a regulated REIC structure supervised by the Hellenic Capital Market Commission.

Product overview

Orilina Properties Α.Ε.Ε.Α.Π. operates as a dynamically developing Real Estate Investment Company (REIC) licensed by the Hellenic Capital Market Commission, similar to a REIT. The company manages a diversified portfolio combining existing income-generating properties with development projects. The core portfolio includes Class A office complexes (Ερμού 25 and Αμαλιάδος 4 in New Kifisia), retail properties (Κηφισίας 7 supermarket, Τσιμισκή 43 in Thessaloniki), and mixed-use buildings (Μητροπόλεως 9, Βασ. Σοφίας 59). The development segment includes Marina Residences by Kengo Kuma—a luxury residential project of 20 maisonettes with private pools—and the Ελληνικό Private Club designed by Kengo Kuma. Residential properties are intended for direct sale while commercial properties are held for rental income generation. As of 31.12.2025, the portfolio is valued at €182 million with 193,251 sq.m. of land area.

Differentiator

Problem solved

Functional benefit

Products and services

• Marina Residences by Kengo Kuma Luxury residential development comprising 20 maisonettes designed by architect Kengo Kuma, located on the coastal front of the Hellenic area near Marina of Agios Kosmas. All residences feature private pools and large gardens, adjacent to a Private Club and Riviera Galleria.
• Elliniko Private Club Private members' club development designed by Kengo Kuma, located on the marina waterfront of Agios Kosmas in the Hellenic development area. The club offers dining facilities, recreational spaces including pools, tennis courts, padel courts, and a gymnasium.
• Ermou 25, Nea Kifisia Office Complex Large Class A office complex with two connected buildings featuring energy-saving characteristics and Green Building certification under the European Intelligent Energy Europe regulation. Located on National Road with easy access from Kalyftaki junction.
• Amaliados 4, Nea Kifisia Mixed-Use Complex Large Class A office and retail complex arranged in two buildings around a central plaza, located on National Road with access from Variabobbi junction. Properties include major retailers and commercial tenants.
• Kifisias 7, Athens Supermarket Supermarket in a landmark building extending to ground floor and mezzanine/half-floor with 334 underground parking spaces. Located at the intersection of two major roads in central Athens near the Athens Tower.
• Tsimiski 43, Thessaloniki Retail Premium retail store located at the most commercial point of Thessaloniki near Aristotelous Square, within the Platia shopping center with frontage on Tsimiski Street.
• Mitropoleos 9, Athens Office and Retail Standalone office and retail building in a prime location on the eastern side of Mitropoleos, approximately 100m from Syntagma Square and 200m from Syntagma Metro station. Features basement, ground, mezzanine, and 3 floors with expansion potential.
• Vas. Sofias 59, Athens Penthouse Penthouse apartment on the top floor of a multi-story office-residential building opposite the Hilton Hotel, less than 100m from Evangelismos metro station. Features large balcony with views and exclusive rooftop access, requiring extensive renovation.

Quantifiable outcome

• 100% occupancy rate across portfolio
• +1 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Kengo KumacoreStrategic or Co-development Partner · 1 June 2023Renowned Japanese architect Kengo Kuma designed the Marina Residences project (20 maisonettes) at Elliniko coastal front and the Private Club development. This collaboration positions the luxury residential offerings with internationally recognized architectural excellence.
• Kengo Kuma & AssociatescoreStrategic or Co-development PartnerArchitectural partnership for luxury developments at Elliniko including Marina Residences and the Private Club, featuring Japanese design principles integrated with Greek coastal living.
• Hellenic Capital Market CommissioncoreOthersRegulatory authority supervising Orilina Properties as an authorized REIT (AEAX) under license 5/831/6.11.2018. The regulatory oversight ensures transparency and investor protection.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• Prodea Investments: One of the largest Greek REICs listed on the Athens Stock Exchange, holding a diversified portfolio of office, retail, and logistics properties in Greece and broader Europe. Directly comparable as a regulated AEAX REIT with similar regulatory framework and Greek real estate focus.
• Panextra REIC: Smaller Greek REIC investing in commercial real estate in Greece under the AEAX framework. Compares as another publicly listed Greek REIT sharing the same regulatory structure and Greek real estate focus.
• Noval Property: Greek REIC with mixed commercial and hospitality exposure, listed on the Athens Stock Exchange under the same AEAX regime. Comparable as another regulated Greek REIT pursuing income-producing real estate and selective development.
• Intercontinental International (ICI REIC): Greek REIC with diversified real estate exposure across office, retail, and hospitality under AEAX regulation. Comparable as a regulated Greek REIT offering investors similar dividend-yield exposure to Greek property.
• Trastor REIC: Greek REIC focused on commercial real estate (offices, retail, logistics) with similar AEAX regulatory structure. Compares directly as a publicly listed Greek REIT investing in yield-generating Greek commercial property.
• BriQ Properties REIC: Greek REIC primarily focused on commercial real estate properties leased to creditworthy tenants in Greece. Closely comparable as a small-to-mid cap publicly listed Greek REIT operating under the AEAX framework.

Regional players

• Lamda Development: Greek listed developer and owner of the Elliniko metropolitan project where Orilina's Marina Residences are located. Comparable as a Greek real estate player with overlapping exposure to the Elliniko Riviera submarket, though Lamda is a developer rather than REIT.

Broad incumbents

• Cofinimmo: Belgian publicly listed REIT (SIR/BEVIM) operating across office, healthcare, and mixed-use real estate in Europe. Comparable as a regulated REIT structure with income-producing property strategy and mandatory dividend distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/orilina-properties

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Orilina Properties