Artificial Intelligence
Builders Company
Developers/Noval Property
NP
Noval PropertyAthens, Greece · founded 14-10-2019 · 2 active markets
SUBSIDIARY

Noval Property develops and invests in income-producing and mixed-use real estate across Greece and selectively Bulgaria, including offices, retail, logistics, residential, hospitality and industrial assets. Its projects serve businesses, tenants, investors and residents through sustainable urban redevelopment and asset management.

Years in business
7
founded 14-10-2019
LinkedIn headcount
40
employees, as shown on LinkedIn · 2026-05-08 · size band 11–50
Portfolio value
EUR 693.6 million
31 December 2025
Projects last researched October 10, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
NOVAL PROPERTY REAL ESTATE INVESTMENT COMPANY1
Headquarters
Mesogeion 2-4 Ave1, Athens1, Greece
Founded
14-10-20191
Entity type
SUBSIDIARY1
Business model
offplan for sale1, commercial1, mixed use1, masterplan1, other1
Markets
2 markets listed
What they build
Office (5 of 8) · Mixed use (1 of 8) · Residential, for sale (1 of 8)
Full dossier in About →

Delivery record

7 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+0.5 mo
the middle of 7 scored projects
Average delay
+1.8 mo
the same projects, pulled by the worst
Average time to deliver
—
1 delivered project with a dated start — needs 3
Worst slip
+7.5 mo
Kifisias 199 Office Building redevelopment · +2.0 to +13.0
6
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
0
red rows below

Against other developers

7 date-assessed here · 15 developers, 43 date-assessed projects in Greece
Median delay
Noval Property·15 developers in Greece
+0.5 mo vs +2.5 mo
this developer 2.0 mo better
The typical project on each side.
Average delay
Noval Property·15 developers in Greece
+1.8 mo vs +4.6 mo
this developer 2.8 mo better
Both pulled by their worst few.
On time
Noval Property·15 developers in Greece
86% vs 67%
this developer 19 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Projects and timelines in Track Record →

Resident experience

3 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.1/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
8.1/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 16 developers, 45 rated buildings in Greece
Overall rating
Noval Property · 16 other developers in Greece
8.1 vs 8.5
this developer 0.4 worse
The weighted verdict on each side. From 3 of 3 rated buildings here and 45 in the market.
Structure & systems
Noval Property · 16 other developers in Greece
— vs —
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 12 in the market.
Management & living
Noval Property · 16 other developers in Greece
8.1 vs 8.1
this developer is level
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 42 in the market.
The market here is Greece: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • LICENCE PROBLEM 22 July 2026 (regulator decision; disclosed in the September 2026 semi-annual report) The Hellenic Capital Market Commission revoked Noval Property’s supplementary operating licence as an Alternative Investment Fund Manager on the company’s request; the semi-annual report does not describe this as a revocation of Noval’s REIC licence.
  • DELIVERY DELAY 4 March 2026 (reported; revised planned start 2028 and planned completion 2031) Noval’s planned €200 million redevelopment of the former Viohalco factory on Piraeus Street was postponed to a planned construction start in 2028, with completion described as scheduled for 2031; the report attributed the timing to the pending planning approval and subsequent building-permit period, so these are future commitments rather than completed dates.
  • DELIVERY DELAY 13 May 2026 (reported delay); 30 June 2026 (reporting-date status in the September 2026 filing) The Grid office complex, owned through the Noval Property–Brook Lane Capital joint venture, experienced schedule slippage: EY’s planned move was shifted from November 2026 to January 2027, with façade and electricity-connection issues cited; the July 2026 company report still said construction was underway and aimed for completion in the second half of 2026, so actual completion by 10 October 2026 is not established by the retrieved evidence.
  • 4 more in Risk & Sources
Record status
active
Company sources
99 source entries across 94 fields
Projects tracked
8 · 8 completed in assessment
All flags and sources →

Track Record

Delivery record

7 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+0.5 mo
the middle of 7 scored projects
Average delay
+1.8 mo
the same projects, pulled by the worst
Average time to deliver
—
1 delivered project with a dated start — needs 3
Worst slip
+7.5 mo
Kifisias 199 Office Building redevelopment · +2.0 to +13.0
6
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
0
red rows below

Against other developers

7 date-assessed here · 15 developers, 43 date-assessed projects in Greece
Median delay
Noval Property·15 developers in Greece
+0.5 mo vs +2.5 mo
this developer 2.0 mo better
The typical project on each side.
Average delay
Noval Property·15 developers in Greece
+1.8 mo vs +4.6 mo
this developer 2.8 mo better
Both pulled by their worst few.
On time
Noval Property·15 developers in Greece
86% vs 67%
this developer 19 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
The market here is Greece: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

8 of 8 projects dated · 3 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Marousi, Greece
Athens, Greece
Greece
201620172018201920202021202220232024202520262027todayMAROUSI, GREECE+7.5 moverified+0.5 moverifiedATHENS, GREECE−1.5 moverified+2.5 moverified−1.5 moverifiedcompleted, no target publishedon timeverifiedGREECE+5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 2 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

3 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.1/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
8.1/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 16 developers, 45 rated buildings in Greece
Overall rating
Noval Property · 16 other developers in Greece
8.1 vs 8.5
this developer 0.4 worse
The weighted verdict on each side. From 3 of 3 rated buildings here and 45 in the market.
Structure & systems
Noval Property · 16 other developers in Greece
— vs —
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 12 in the market.
Management & living
Noval Property · 16 other developers in Greece
8.1 vs 8.1
this developer is level
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 42 in the market.
The market here is Greece: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

3 rated · 5 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
River West Open expansionEgaleo, Athens
9.1/ 10
—/ 10
9.1/ 10

The building-specific River West Open listing is the anchor because it directly covers the expansion and has 531 reviews, yielding a 9.2/10 market conversion. The score is adjusted to 9.1/10 for recurring operational frictions, while the broader cluster listing is reported as dissent but is not allowed to outweigh the building-specific evidence.

+ Well-kept gardens and water features+ Modern open-air expansion+ Bioclimatic design principles+ Functional open/closed layout+ Clean common areas
− Limited outdoor shade− Reported roof dripping− Limited seating exposed to weather− Peak-time circulation congestion
Not found in sources: No recurring major structural failure published
+ Clean facilities+ Large free parking+ Family-friendly playground+ Attractive green public realm+ Generally courteous staff
− Peak-time crowding− Queues and slow service− Too few benches− Limited shade− Some dining-choice limitations

Published material describes a 2021 expansion with green areas, running water, a waterfall, playground and amphitheatre; an architectural review identifies bioclimatic design, environmentally friendly materials and 2022 construction details. Review evidence is broadly positive about the outdoor environment and cleanliness, but one reviewer reported “σταγόνες που έσταζαν... (μάλλον οροφή)” and others noted insufficient shade and weather-exposed seating. No recurring flooding, lift failure, major leak or other severe structural failure was found.

Visitors commonly describe the expansion as “μια μικρή όαση με πράσινο,” with running water, a playground, cafés and restaurants; other reviews call the space clean, organized and family-friendly. The operational drawbacks are concentrated at busy periods: reviewers mention “Σάββατο απόγευμα γίνεται ο κακός χαμός,” too few places to sit, and that more staff are needed because service slows at peak times.

The Orbit office campusAthens
9.1/ 10
—/ 10
9.1/ 10

Google Reviews/Maps provides the only building-specific aggregate located: 4.7/5 from 248 reviews, which sets the level and converts to 9.1/10 under the stated curve. The sampled comments are largely positive, but no recurring negative theme was established, so no commentary adjustment is applied; structure remains unscored because no published structure-specific rating was found.

+ Modern bioclimatic facade+ Impressive interiors+ Advanced elevators+ LEED Platinum-certified design+ Well-regarded office building
Not found in sources: No recurring structural complaint established · No recurring plumbing complaint established · No recurring HVAC complaint established · No recurring electrical-infrastructure complaint established · No recurring waterproofing complaint established
+ Strong overall satisfaction+ Modern office environment+ Impressive interiors+ Positive building reputation+ Appreciated elevator technology
− Parking dissatisfaction− Difficult driving access− Locked balconies reported− One customer-care complaint
Not found in sources: No recurring management failure established

The available building reviews contain positive physical observations, including “Stunning interiors and modern bioclimatic facade!!” and praise for “most advanced elevators technology of Mitsubishi.” No review in the material read establishes a recurring failure involving the structure, plumbing, HVAC, electrical infrastructure, leaks or waterproofing; the published review evidence is therefore insufficient for a separate structure score.

Daily-experience feedback is mostly positive: reviewers wrote “Amazing in all aspects,” “The best building in the entire city of Athens,” and “Gorgeous building.” The main operational criticism was: “parking is bad, driving there is bad,” with the same reviewer also saying the balconies were locked; this is an isolated negative rather than a recurring theme in the sampled material.

Wyndham Grand AthensMetaxourghio, Athens276 units
6.1/ 10
—/ 10
6.0/ 10
Agoda 7.6/10, 7.4/10, 7.2/10, 7/10, 6.9/10 · 3,459 reviews · agoda.com
Booking.com 8.7/10, 8.3/10, 8.5/10, 8.5/10, 8/10, 7.6/10, 8.5/10 · 3,186 reviews · booking.com
Tripadvisor 3.6/5, 4.2/5, 4.2/5, 4/5, 4.3/5 · 1,547 reviews · tripadvisor.com
Combined from 17 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.

Agoda has the largest reported review base and its 8.1/10 guest aggregate sets a 6.2/10 convention-based anchor. Booking.com is close at 8.2/10, while Tripadvisor is 4.0/5; repeated maintenance, housekeeping, service and area complaints justify a modest downward adjustment, but the strong staff, breakfast, views and access praise prevents a larger reduction.

+ Modern room systems advertised+ Soundproof rooms offered+ Central air conditioning offered+ Elevator access+ Rooftop pool infrastructure
− Air-conditioning failure reports− Leaking flask and faulty bathroom fittings− Broken bed and coffee machine reports− Thin-wall noise− Older facilities and worn towels
+ Helpful staff+ Metro convenience+ Rooftop views+ Strong breakfast feedback+ Spa and pool amenities
− Uneven housekeeping− Unresponsive service reports− Unpleasant area concerns− Small or unheated pool complaints− Wi-Fi and room-service complaints

Published guest feedback contains specific maintenance complaints rather than an engineering assessment: one reviewer reported that “the aircon was not working,” another reported a leaking flask and non-functioning shower-gel bottles, and another described a broken bed leg. Other reviews call the facility “old” and mention cockroaches, while the property page also records a strong facilities score of 8.3/10 on Booking.com; no independent structural survey or building-fabric rating was found.

Daily-life feedback is mixed: guests praise “very friendly and helpful” staff, the rooftop Acropolis view, breakfast and immediate metro access. Counterexamples include “the breakfast was chaotic,” “slow housekeeping,” an unsafe-feeling surrounding area, and a reviewer who said the room was noisy and the front desk was not welcoming.

Only buildings that have reached handover are rated. 5 of 8 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
NOVAL PROPERTY REAL ESTATE INVESTMENT COMPANY
Headquarters
Mesogeion 2-4 Ave, Athens, Greece
Ambelokipi · 11527
Founded
14-10-2019
GR
Entity type
SUBSIDIARY
Revenue
EUR 37.788 million
year ended 31 December 2025
Business model
offplan for sale, commercial, mixed use, masterplan, other

Partners

2 partners
Brook Lane Capital
joint venture

Brook Lane Capital jointly develops The Grid office campus with Noval Property.

Hill International
contractor

Hill International provides construction-management and project-management services for The Grid, including design management, cost consulting, procurement and construction supervision.

Sources: name

COMPANYdate not shown in source

The Grid Office Campus - Noval Property

Noval Property
The project concerns the transformation of a brownfield urban area into a state-of-the-art office campus, being jointly developed by Noval Property and Brook Lane Capital.
value seen: Brook Lane Capital
https://noval-property.com/project/the-grid-office-campus/?lang=en

Sources: partner type

COMPANYdate not shown in source

The Grid Office Campus - Noval Property

Noval Property
The project concerns the transformation of a brownfield urban area into a state-of-the-art office campus, being jointly developed by Noval Property and Brook Lane Capital.
value seen: jointly developed
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/project/the-grid-office-campus/?lang=en

Sources: summary

COMPANYdate not shown in source

The Grid Office Campus - Noval Property

Noval Property
The project concerns the transformation of a brownfield urban area into a state-of-the-art office campus, being jointly developed by Noval Property and Brook Lane Capital.
value seen: jointly developed by Noval Property and Brook Lane Capital
https://noval-property.com/project/the-grid-office-campus/?lang=en

Sources: name

CONTRACTORdate not shown in source

The Grid

Hill International · carried by hillintl.com
Hill was selected by Noval Property, the second-largest Real Estate Investment Company (REIC) in Greece, and Brook Lane Capital, a private equity firm, to deliver construction and project management services for The Grid
value seen: Hill International
held out of the figures · the quote does not carry this value
https://www.hillintl.com/project/the-grid/

Sources: partner type

CONTRACTORdate not shown in source

The Grid

Hill International · carried by hillintl.com
Services Construction Management, Project Management
value seen: construction and project management services
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.hillintl.com/project/the-grid/

Sources: summary

CONTRACTORdate not shown in source

The Grid

Hill International · carried by hillintl.com
Hill’s services will include design management and review, cost consulting, construction procurement, and construction supervision, among others.
value seen: design management and review, cost consulting, construction procurement, and construction supervision
https://www.hillintl.com/project/the-grid/

Registrations & licences

COMPANY NUMBER152321260000
General Commercial Registry (GCR) · GR · Active
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

2 countries
Greeceactive 8 projects tracked
Bulgariaactive 0 projects tracked

What they build

6 types
Office5 of 8
Mixed use1 of 8
Residential, for sale1 of 8
Industrial1 of 8
Retail1 of 8
Hotel1 of 8
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
MF
Meletios Fikioris
He is Noval Property’s non-executive board chair. The CV identifies him as a lawyer and records long-running legal-counsel work for the VIOHALCO Group and other major groups, plus a former chairmanship of Corinth Retail Park.
Current title
Chairman of the BoD
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Meletios Fikioris
value seen: Meletios Fikioris
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: role type

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Meletios Fikioris Chairman of the BoD
value seen: Chairman of the BoD
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: summary

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
Lawyer since 6/3/1973 ... 1973- Legal Counsel of the VIOHALCO Group
value seen: Lawyer since 6/3/1973
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Meletios Fikioris Chairman of the BoD
value seen: Chairman of the BoD
https://noval-property.com/our-team/board-of-directors/?lang=en
MP
Michail Panagis
He is Noval Property’s executive vice president and board member. His CV records an Imperial College MSc and senior leadership at ETEM, including CEO and board chair, as well as board roles in the SIDENOR Group and Cosmos Aluminium.
Current title
Vice President; Executive member
Experience
no career length stated
Companies before
ETEM S.A.VIOHALCO Group
Education
Imperial College London, University of LondonMSc, First Class Honors
National Technical University of AthensMEng Chemical Engineering
Other boards
none sourced
Known for
nothing tagged

Sources: education

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
1986 – 1987 Imperial College London, University of London MSC, First Class Honors.
value seen: 1986 – 1987 Imperial College London, University of London MSC, First Class Honors.
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf
COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
1979-1985 National Technical University of Athens Department of Chemical Engineering - MEng Chemical Engineering, Grade 8.2/10
value seen: 1979-1985 National Technical University of Athens
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: full name

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Michail Panagis
value seen: Michail Panagis
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: previous companies

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
02/2020 -Αpril 2023 : ETEM SA CEO- BoD Chairman - Chairman BoD VIOHALCO GROUP.
value seen: 02/2020 -Αpril 2023 : ETEM SA CEO- BoD Chairman - Chairman BoD VIOHALCO GROUP.
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: role type

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Michail Panagis Vice President
value seen: Vice President
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: summary

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
02/2020 -Αpril 2023 : ETEM SA CEO- BoD Chairman - Chairman BoD VIOHALCO GROUP.
value seen: 02/2020 -Αpril 2023 : ETEM SA CEO- BoD Chairman - Chairman BoD VIOHALCO GROUP.
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Michail Panagis Vice President
value seen: Vice President
https://noval-property.com/our-team/board-of-directors/?lang=en
GK
Georgios Koutsopodiotis
He became Chief Executive Officer on October 15, 2025 after serving as Chief Operating Officer since November 2024. The company describes his prior work across investments, real-estate management and project development, including senior roles in the ELLAKTOR Group, AKTOR, Village Roadshow Hellas, Dolphin Capital Properties and REDS.
Current title
Chief Executive Officer; Executive member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged
since October 15 th, 2025

Sources: full name

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Georgios Koutsopodiotis
value seen: Georgios Koutsopodiotis
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: role type

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Georgios Koutsopodiotis Chief Executive Officer
value seen: Chief Executive Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: since

COMPANYdate not shown in source

Athens, October 15 th, 2025

Noval Property
Athens, October 15 th, 2025
value seen: October 15 th, 2025
https://noval-property.com/wp-content/uploads/2025/10/%CE%9D%CE%9FVAL-PROPERTY_ANNOUNCEMENT_Appointment-of-Chief-Executive-Officer-15.10.2025.pdf

Sources: summary

COMPANYdate not shown in source

Athens, October 15 th, 2025

Noval Property
Since November 2024, Mr. Georgios Koutsopodiotis has held the position of Chief Operating Officer at the Company. He possesses extensive experience in investments, real estate management, as well as project development, having served for several years as a senior executive within the ELLAKTOR Group, with responsibilities including Treasury, Concession Projects, and International Projects, as a member of the Board of Directors in companies within the ELLAKTOR Group and as Chief Financial Officer at AKTOR S.A.. In addition, he was a founding executive and Chief Financial Officer of Village Roadshow Hellas S.A. and has served as Chief Executive Officer of Dolphin Capital Properties as well as an executive at REDS S.A..
value seen: Since November 2024, Mr. Georgios Koutsopodiotis has held the position of Chief Operating Officer at the Company.
https://noval-property.com/wp-content/uploads/2025/10/%CE%9D%CE%9FVAL-PROPERTY_ANNOUNCEMENT_Appointment-of-Chief-Executive-Officer-15.10.2025.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Georgios Koutsopodiotis Chief Executive Officer
value seen: Chief Executive Officer
https://noval-property.com/our-team/board-of-directors/?lang=en
MK
Maria Kapetanaki
She is a non-executive Noval Property board member. Her CV records responsibility for VIOHALCO’s treasury, corporate strategy and risk management, preceded by financing and risk-management work at HALCOR and Proton Bank.
Current title
Non-executive member
Experience
no career length stated
Companies before
VIOHALCO S.A.HALCOR S.A.PROTON BANK Group
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Maria Kapetanaki
value seen: Maria Kapetanaki
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: previous companies

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
VIOHALCO S.A. (5/2011 - to date) Treasurer and Head of Corporate Strategy & Risk Management, as of 2021
value seen: VIOHALCO S.A. (5/2011 - to date)
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf
COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
HALCOR S.A. (2/2011 - 5/2011) Management Consultant in Financing & Risk Management subjects
value seen: HALCOR S.A. (2/2011 - 5/2011)
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf
COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
PROTON BANK Group (1/2000 - 1/2011)
value seen: PROTON BANK Group (1/2000 - 1/2011)
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: role type

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Maria Kapetanaki Non-executive member
value seen: Non-executive member
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: summary

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
VIOHALCO S.A. (5/2011 - to date) Treasurer and Head of Corporate Strategy & Risk Management, as of 2021
value seen: Treasurer and Head of Corporate Strategy & Risk Management, as of 2021
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Maria Kapetanaki Non-executive member
value seen: Non-executive member
https://noval-property.com/our-team/board-of-directors/?lang=en
VL
Vasileios Loumiotis
He is Noval Property’s senior independent director. His CV records an auditing career with SOL SA and prior qualifications from Athens University of Economics and Business and Roosevelt University of Chicago.
Current title
Independent non-executive member; Senior Independent Director
Experience
no career length stated
Companies before
SOL SA
Education
Athens University of Economics and Business
Roosevelt University of ChicagoMaster’s degree in Business Administration (MBA)
Other boards
none sourced
Known for
nothing tagged

Sources: education

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
Graduate of the Athens University of Economics and Business Administration (formerly AUEB), in 1973.
value seen: Graduate of the Athens University of Economics and Business Administration
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf
COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
Graduate of the Roosevelt University of Chicago with a Master's degree in Business Administration (MBA) in 1979.
value seen: Graduate of the Roosevelt University of Chicago with a Master's degree in Business Administration (MBA) in 1979.
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: full name

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Vasileios Loumiotis
value seen: Vasileios Loumiotis
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: previous companies

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
Since 1993, with the title of Chartered Auditor Accountant, he has been employed in the auditing company SOL SA, in which he was also a shareholder.
value seen: SOL SA
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: role type

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Vasileios Loumiotis Independent, non-executive member; Senior Independent Director
value seen: Independent non-executive member | Senior Independent Director
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: summary

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
Since 1993, with the title of Chartered Auditor Accountant, he has been employed in the auditing company SOL SA, in which he was also a shareholder.
value seen: Since 1993, with the title of Chartered Auditor Accountant, he has been employed in the auditing company SOL SA, in which he was also a shareholder.
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Vasileios Loumiotis Independent, non-executive member; Senior Independent Director
value seen: Independent non-executive member | Senior Independent Director
https://noval-property.com/our-team/board-of-directors/?lang=en
IS
Ioannis Stroutsis
He is an independent non-executive board member. His CV records general management at Electroniki Athinon and an MBA in Finance and International Business from Babson College.
Current title
Independent, non-executive member
Experience
no career length stated
Companies before
Electroniki Athinon S.A.
Education
Babson CollegeMBA Finance & International Business (with Distinction)
Athens University of Economics and BusinessDegree in Business Administration (Very Good)
Other boards
none sourced
Known for
nothing tagged

Sources: education

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
1987 Babson College MBA Finance & International Business (with Distinction)
value seen: 1987 Babson College MBA Finance & International Business (with Distinction)
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf
COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
1981 Athens University of Economics and Business Degree in Business Administration (Very Good)
value seen: 1981 Athens University of Economics and Business Degree in Business Administration (Very Good)
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: full name

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Ioannis Stroutsis
value seen: Ioannis Stroutsis
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: previous companies

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
2000 – April 13, 2016 ELECTRONIKI ATHINON S.A. General Management
value seen: ELECTRONIKI ATHINON S.A.
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: role type

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Ioannis Stroutsis Independent, non-executive member
value seen: Independent, non-executive member
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://noval-property.com/our-team/board-of-directors/?lang=en

Sources: summary

COMPANYdate not shown in source

PARTICIPATION IN BOARDS OF DIRECTORS AND COMMITTEES • CVs of Board Members

Noval Property
2000 – April 13, 2016 ELECTRONIKI ATHINON S.A. General Management
value seen: 2000 – April 13, 2016 ELECTRONIKI ATHINON S.A. General Management
https://noval-property.com/wp-content/uploads/2024/06/16_NOVAL-PROPERTY_CVs_12062024.pdf

Sources: title

COMPANYdate not shown in source

Board of Directors - Noval Property

Noval Property
#### Ioannis Stroutsis Independent, non-executive member
value seen: Independent, non-executive member
https://noval-property.com/our-team/board-of-directors/?lang=en

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

8 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Kifisias 199 Office Building redevelopmentMarousi, Greece
Marousi, Attica
office——6,700 m²————Jan 2025 – Dec 2025Feb 2026+7.5 mo
(+2.0 to +13.0)
sourcedcompleted
Chimarras 16/16B new office building extensionMarousi, Greece
Marousi, Attica
office——21,000 m²EUR 34.5m
investment announced
———Jan 2025 – Dec 2025Jul 2025+0.5 mo
(−5.0 to +6.0)
sourcedcompleted
Ardittos HouseAthens, Greece
Mets
mixed use, residential for sale, office81Four-storey building with two basements; three residential floors, ground floor and mezzanine/upper office areas4,260 m²EUR 12m
estimated cost
—2025May 13, 2025Jan 2025 – Dec 2025May 2025−1.5 mo
(−7.0 to +4.0)
sourcedcompleted
Mandra Logistics CentreGreece
Mandra-Eidyllia, Attica
industrial——9,830 m²EUR 8m
investment announced
—2023January 2023Jan 2024 – Mar 2024Jul 2024+5.0 mo
(+4.0 to +6.0)
sourcedcompleted
River West Open expansionAthens, Greece
Egaleo
retail——20,117.67 m²EUR 30m
investment announced
———Jul 2021Jul 2021 – Dec 2021+2.5 mo
(0.0 to +5.0)
sourcedcompleted
The Orbit office campusAthens, Greece
office—939,664 m²————Aug 2020Jan 2020 – Dec 2020−1.5 mo
(−7.0 to +4.0)
sourcedcompleted
The Butterfly office buildingAthens, Greece
Chalandri
office——10,144 m²—————Jan 2019 – Apr 2019—not scorablecompleted
Wyndham Grand AthensAthens, Greece
Metaxourghio
hotel2761—23,900 m²——2016December 1Dec 2016Dec 20160.0 mo
(0.0 to 0.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

7 found
SUSTAINABILITY Certified 29 October 2025
LEED Gold certification — Ardittos House · Ardittos House
The developer reports that its mixed-use Ardittos House building received LEED Gold certification under BD+C New Construction & Major Renovation v4.1.
SUSTAINABILITY Certified 31 July 2024
LEED Gold certification — Mandra logistics centre · Mandra logistics centre
The developer reports that its new logistics centre in Mandra, Attica, received internationally recognised LEED Gold environmental certification.
SUSTAINABILITY Certified 2022 (reported in the 2022 sustainability report, released July 2023)
BREEAM In-Use Commercial v6 certification — Mare West · Mare West retail park
Noval Property’s 2022 sustainability report records BREEAM In-Use Commercial v6 certification for Mare West, with Building B at Very Good and Building A at Good; it describes Mare West as Greece’s first certified retail park for sustainable management.
COMPANY AWARD Winner 3 November 2021 (reported date)
Property Investment Company of the Year — Property Awards 2021
Noval Property won the Property Investment Company of the Year award at the 2021 Property Awards.
PROJECT AWARD Winner 3 November 2021 (reported date)
Gold — Commercial Development/Retail New Development, Property Awards 2021 · River West Open
River West Open, developed by Noval Property, won the Gold award in the Commercial Development/Retail New Development category.
PROJECT AWARD Winner 2020 (reported 30 September 2020)
Gold — Best New Development–Office, Commercial Property Awards 2020 · The Orbit
The Orbit office development received the Gold award in the Best New Development–Office category; the contemporaneous report identifies Noval Property as the recipient associated with the project.
SAFETY / QUALITY Winner 2020 (reported 30 September 2020)
Gold — Facilities, Fire & Emergency Excellence Awards 2020 · River West
River West received the Gold award in the Facilities category for the standard of health and safety demonstrated in its facility-management procedures.

Risks

Auditor & credit ratings

audited accounts
AuditorPricewaterhouseCoopers S.A.

Risk flags

7 found
LICENCE PROBLEM 22 July 2026 (regulator decision; disclosed in the September 2026 semi-annual report)
The Hellenic Capital Market Commission revoked Noval Property’s supplementary operating licence as an Alternative Investment Fund Manager on the company’s request; the semi-annual report does not describe this as a revocation of Noval’s REIC licence.
DELIVERY DELAY 4 March 2026 (reported; revised planned start 2028 and planned completion 2031)
Noval’s planned €200 million redevelopment of the former Viohalco factory on Piraeus Street was postponed to a planned construction start in 2028, with completion described as scheduled for 2031; the report attributed the timing to the pending planning approval and subsequent building-permit period, so these are future commitments rather than completed dates.
DELIVERY DELAY 13 May 2026 (reported delay); 30 June 2026 (reporting-date status in the September 2026 filing)
The Grid office complex, owned through the Noval Property–Brook Lane Capital joint venture, experienced schedule slippage: EY’s planned move was shifted from November 2026 to January 2027, with façade and electricity-connection issues cited; the July 2026 company report still said construction was underway and aimed for completion in the second half of 2026, so actual completion by 10 October 2026 is not established by the retrieved evidence.
DELIVERY DELAY 5 March 2026 (reported; temporarily stalled at that time)
The planned expansion of Noval’s Mare West shopping centre in Corinth was reported as temporarily stalled because neighbouring plots needed for the expansion had not been acquired; the report said the plan had not been abandoned and might be implemented later.
DELIVERY DELAY 13 May 2026 (reporting date); revised tenant move-in January 2027
The Grid office complex in Maroussi—developed by the Noval Property–Brook Lane Capital joint venture (The Grid S.A.)—has experienced construction and electricity-connection obstacles; EY’s move was postponed from November 2026 to January 2027, while the project remained under construction.
DELIVERY DELAY 4 March 2026 (reported revised schedule)
The Piraeus Street urban-regeneration project, being developed by Noval Property on the former Viohalco factory site, was reported as postponed to start construction in 2028, with completion moved to 2031 after permitting requirements; it remains a future commitment, not an abandoned project.
DELIVERY DELAY 5 March 2026 (reported current status); earlier expansion plan documented 25 October 2019
The planned expansion of Noval Property’s Mare West shopping centre in Corinth was reported as stalled or temporarily ‘on hold’ because the required intervening plots had not been acquired; the report says the expansion had not been abandoned and might proceed later.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 10, 2026 this month
Profile last researchedOctober 10, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.