Greek real estate developer Dimand has launched sales of 95 luxury residences at the former FIX brewery in Thessaloniki, with asking prices ranging from €420,000 to €4.22 million.
The residential development is part of a major urban regeneration project, reported to be worth €250 million, which will also bring two Hilton-branded hotels, cultural institutions and commercial spaces to the city’s western entrance.
Listed developer Dimand has appointed Greece Sotheby’s International Realty as the exclusive sales agent for FIX Residences, targeting both domestic buyers and international investors.
The project is located on 26th October Street, between Thessaloniki’s port and its historic city centre, on the site of the former FIX brewery. Construction and redevelopment work is underway, with completion of the residences scheduled for the end of 2029.
From €420,000 apartments to €4.22 million penthouses
FIX Residences will comprise 95 apartments across nine floors, covering approximately 19,800 square metres of built space. The development includes one-bedroom apartments measuring 63–93 square metres, with indicative prices starting at €420,000, while two-bedroom properties of 102–154 square metres start at €815,000.
Larger three-bedroom apartments, measuring 130–196 square metres, are priced from approximately €1.23 million. At the top end of the market, penthouses range from 165 to 339 square metres, including two duplex residences spanning the upper floors. Guide prices for the penthouse collection reach €4.22 million.
The residential building will also provide 134 parking spaces, concierge services, private storage and 24-hour security. Its bioclimatic design is targeting LEED Gold certification.
Golden Visa rules could attract international investors
International buyers are among the target customers, particularly those considering Greece’s Golden Visa residency programme. The standard property investment threshold in the Municipality of Thessaloniki is €800,000. However, a €250,000 threshold may apply to qualifying properties converted from industrial or commercial use into residential.
The redevelopment of the former brewery could make selected properties eligible for this exception, although eligibility depends on the specific property and the programme’s legal requirements. The lower threshold does not represent the selling price of the apartments.
The development may also attract buyers considering Greece’s non-dom tax regime, which provides an alternative taxation framework for qualifying individuals transferring their tax residence to the country.
Two Hilton hotels and a new cultural district
The residential complex forms part of a wider mixed-use redevelopment designed around a masterplan by international architecture firm Foster + Partners. Alongside the apartments, the project includes a five-star Hilton hotel with 153 rooms and a smaller, 32-room boutique hotel operating under Hilton management.
Restaurants, retail units, wellness facilities and landscaped public areas will also be developed within the former industrial site. One of the restored historic buildings will accommodate MOMus – Museum of Modern Art, including the internationally recognised Costakis Collection of Russian avant-garde art. The Thessaloniki State Symphony Orchestra and the State Conservatory will also be housed within the redeveloped complex.
