One of the most important factors investors consider when choosing a Golden Visa property is not only the location or growth potential, but also the project’s actual construction progress.
Mercan Greece has officially held the groundbreaking ceremony for Keranis Residences, marking the project’s transition from the planning phase to active construction. This milestone reinforces the developer’s commitment to delivering one of the largest urban regeneration projects in Piraeus, the largest port city in Greece.
Reviving a historic landmark
Keranis Residences is being developed through the redevelopment of the historic Keranis building—an industrial landmark that once played an important role in the economic development of Piraeus.
After years of inactivity, the building is being comprehensively transformed into a modern mixed-use development that combines residential living, commercial spaces, and lifestyle amenities.
According to the development plan, the project will cover approximately 29,900 square metres, featuring:
- 408 fully furnished residential apartments.
- Retail and commercial areas.
- Restaurants, cafés, and rooftop spaces.
- A fully equipped fitness centre and resident amenities.
- Office facilities and community spaces.
The project’s objective is not only to create a new residential community but also to preserve and revitalise one of Piraeus’ historic landmarks while contributing to the city’s ongoing urban renewal.
Construction officially begins
With construction now underway, the project has entered a significant new phase with the participation of experienced industry partners.
Mercan Greece has announced that:
- Whitestone has been appointed as the main construction contractor, responsible for executing the development and ensuring construction progress.
- Arbitrage Development has been appointed as the project manager, overseeing construction coordination, quality control, and cost management.
The involvement of these experienced partners reflects Mercan’s commitment to delivering the project according to high standards of quality, efficiency, and long-term sustainability.
Piraeus continues to emerge as one of Athens’ fastest-growing districts
Keranis Residences is strategically located in Piraeus, an area benefiting from significant infrastructure investment and large-scale urban redevelopment.
Residents will enjoy convenient access to:
- Piraeus Port, the largest port in Greece.
- Central Athens.
- The Athens Riviera.
- Metro stations, rail connections, and major transport networks.
Over the past several years, Piraeus has become one of the most attractive investment destinations in Greece, supported by improving infrastructure, increasing housing demand, and strong long-term real estate growth potential.
An attractive opportunity for Greece Golden Visa investors
One of Keranis Residences’ key advantages is that it qualifies as a commercial-to-residential conversion project.
Under the current Greece Golden Visa regulations, eligible redevelopment projects such as Keranis Residences continue to qualify for the program with a minimum investment of EUR 250,000, significantly lower than the EUR 800,000 threshold now required in many prime areas of Athens.
This provides investors with the opportunity to obtain European residency through Greece’s Golden Visa program while acquiring real estate in one of the country’s fastest-developing urban districts.
Casa Seguro Capital supports investors throughout the journey
As Mercan Group’s strategic partner in Vietnam, Casa Seguro Capital accompanies clients throughout every stage of their investment journey in Keranis Residences—from selecting the most suitable property, preparing the Greece Golden Visa application, to monitoring construction progress and providing post-investment support.
The official commencement of construction represents not only an important milestone for Mercan Greece but also provides additional confidence for investors seeking a Greece Golden Visa project with transparent legal status, visible construction progress, and strong long-term investment potential.
