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.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
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.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
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.
| Project | Overall | Structure & systems | Management & 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. | Not found in sources: No recurring major structural failure published | ||
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. | 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 | 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. | |||
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. |
Brook Lane Capital jointly develops The Grid office campus with Noval Property.
Hill International provides construction-management and project-management services for The Grid, including design management, cost consulting, procurement and construction supervision.
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.
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.
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.
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
Services Construction Management, Project Management
Hill’s services will include design management and review, cost consulting, construction procurement, and construction supervision, among others.
| COMPANY NUMBER | 152321260000 General Commercial Registry (GCR) · GR · Active |
| Greece | active 8 projects tracked |
| Bulgaria | active 0 projects tracked |
| Office | 5 of 8 |
| Mixed use | 1 of 8 |
| Residential, for sale | 1 of 8 |
| Industrial | 1 of 8 |
| Retail | 1 of 8 |
| Hotel | 1 of 8 |
#### Meletios Fikioris
#### Meletios Fikioris Chairman of the BoD
Lawyer since 6/3/1973 ... 1973- Legal Counsel of the VIOHALCO Group
#### Meletios Fikioris Chairman of the BoD
1986 – 1987 Imperial College London, University of London MSC, First Class Honors.
1979-1985 National Technical University of Athens Department of Chemical Engineering - MEng Chemical Engineering, Grade 8.2/10
#### Michail Panagis
02/2020 -Αpril 2023 : ETEM SA CEO- BoD Chairman - Chairman BoD VIOHALCO GROUP.
#### Michail Panagis Vice President
02/2020 -Αpril 2023 : ETEM SA CEO- BoD Chairman - Chairman BoD VIOHALCO GROUP.
#### Michail Panagis Vice President
#### Georgios Koutsopodiotis
#### Georgios Koutsopodiotis Chief Executive Officer
Athens, October 15 th, 2025
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..
#### Georgios Koutsopodiotis Chief Executive Officer
#### Maria Kapetanaki
VIOHALCO S.A. (5/2011 - to date) Treasurer and Head of Corporate Strategy & Risk Management, as of 2021
HALCOR S.A. (2/2011 - 5/2011) Management Consultant in Financing & Risk Management subjects
PROTON BANK Group (1/2000 - 1/2011)
#### Maria Kapetanaki Non-executive member
VIOHALCO S.A. (5/2011 - to date) Treasurer and Head of Corporate Strategy & Risk Management, as of 2021
#### Maria Kapetanaki Non-executive member
Graduate of the Athens University of Economics and Business Administration (formerly AUEB), in 1973.
Graduate of the Roosevelt University of Chicago with a Master's degree in Business Administration (MBA) in 1979.
#### Vasileios Loumiotis
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.
#### Vasileios Loumiotis Independent, non-executive member; Senior Independent Director
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.
#### Vasileios Loumiotis Independent, non-executive member; Senior Independent Director
1987 Babson College MBA Finance & International Business (with Distinction)
1981 Athens University of Economics and Business Degree in Business Administration (Very Good)
#### Ioannis Stroutsis
2000 – April 13, 2016 ELECTRONIKI ATHINON S.A. General Management
#### Ioannis Stroutsis Independent, non-executive member
2000 – April 13, 2016 ELECTRONIKI ATHINON S.A. General Management
#### Ioannis Stroutsis Independent, non-executive member
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kifisias 199 Office Building redevelopment | Marousi, Greece Marousi, Attica | office | — | — | 6,700 m² | — | — | — | — | Jan 2025 – Dec 2025 | Feb 2026 | +7.5 mo (+2.0 to +13.0) | sourced | completed |
| Chimarras 16/16B new office building extension | Marousi, Greece Marousi, Attica | office | — | — | 21,000 m² | EUR 34.5m investment announced | — | — | — | Jan 2025 – Dec 2025 | Jul 2025 | +0.5 mo (−5.0 to +6.0) | sourced | completed |
| Ardittos House | Athens, Greece Mets | mixed use, residential for sale, office | 81 | Four-storey building with two basements; three residential floors, ground floor and mezzanine/upper office areas | 4,260 m² | EUR 12m estimated cost | — | 2025 | May 13, 2025 | Jan 2025 – Dec 2025 | May 2025 | −1.5 mo (−7.0 to +4.0) | sourced | completed |
| Mandra Logistics Centre | Greece Mandra-Eidyllia, Attica | industrial | — | — | 9,830 m² | EUR 8m investment announced | — | 2023 | January 2023 | Jan 2024 – Mar 2024 | Jul 2024 | +5.0 mo (+4.0 to +6.0) | sourced | completed |
| River West Open expansion | Athens, Greece Egaleo | retail | — | — | 20,117.67 m² | EUR 30m investment announced | — | — | — | Jul 2021 | Jul 2021 – Dec 2021 | +2.5 mo (0.0 to +5.0) | sourced | completed |
| The Orbit office campus | Athens, Greece | office | — | 9 | 39,664 m² | — | — | — | — | Aug 2020 | Jan 2020 – Dec 2020 | −1.5 mo (−7.0 to +4.0) | sourced | completed |
| The Butterfly office building | Athens, Greece Chalandri | office | — | — | 10,144 m² | — | — | — | — | — | Jan 2019 – Apr 2019 | — | not scorable | completed |
| Wyndham Grand Athens | Athens, Greece Metaxourghio | hotel | 2761 | — | 23,900 m² | — | — | 2016 | December 1 | Dec 2016 | Dec 2016 | 0.0 mo (0.0 to 0.0) | sourced | completed |
| Auditor | PricewaterhouseCoopers S.A. |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 10, 2026 this month |
| Profile last researched | October 10, 2026 |
| Claim |