October 2026
Largest Real Estate Development Public Companies in Greece
Benchmark revenue and EBITDA valuation multiples for public comps like
Gek Terna, Lamda Development, Dimand Real Estate, Premia Real Estate and Orilina Properties Real.
 | Gek Terna SA is engaged in the management of self-financed or co-financed projects, the construction of any kind of projects, its participation in companies having similar activities, as well as the development and management of investment property. | $45 | +69% | $5.3B | $10B | 2.4x | 15.6x | ||
| Lamda Development is a Greek listed real-estate developer and investor headquartered in Athens. It develops and operates shopping centers, marinas, offices, residential projects and large mixed-use urban destinations. Revenue comes from property sales, rents, marina services, management activity and the operation of commercial assets. Its customers and tenants include consumers, retailers, businesses, residents and hospitality operators. Lamda won the international tender for Hellinikon and used its wholly owned subsidiary Hellinikon Global I to acquire the project company in 2021. The transaction gave Lamda control of the former airport redevelopment and placed the associated long-term capital-expenditure obligations within its group. | $7 | -22% | $1.1B | $2.7B | 4.2x | 11.9x | ||
| Dimand Real Estate Development is a Greek real estate developer operating both as a proprietary and fee developer. Its services include project and construction management, retail expansion management, technical advisory, and facility management. The company's project portfolio comprises offices, mixed-use, retail, hospitality, logistics, sports, and urban regeneration properties. Its operating segments are Real estate-related services and Real estate investment. A majority of its revenue is generated from the Real estate-related services segment, which mainly concerns the provision of project management services, technical and consulting support, and facilities management services. Additionally, this sector includes the provision of construction services to clients. | $15 | +36% | $284M | $406M | 6.0x | 8.0x | ||
| Premia Real Estate Investment Co Societe Anonyme engages in the development of real estate properties. Operating segments of the company are Commercial property which includes commercial real estates (big-boxes, super market, office buildings) as well as plots for future exploitation. Industrial Buildings: includes warehouse buildings (logistics), other properties with industrial use as well as wineries along with their vineyards. Serviced apartments which includes buildings that function as serviced apartments including student dormitories. Social buildings which includes social buildings in the field of education (schools), including schools managed through PPPs. Hotels which includes hotel building. The key revenue is generated from Industrial Buildings. | $1 | -7% | $181M | $713M | 17.0x | 26.4x | ||
| Orilina Properties Real Estate Investment Co is a company which aims to create significant value over the medium term, by penetrating the Greek market and executing a largely core investment strategy with elements of value-add, via active asset management. It is a real estate investment vehicle combining tax efficiency, liquidity in an otherwise illiquid property market, transparency, significant institutional Equity as seed capital investment, and high-calibre international and local management teams with proven profitability track record. | $1 | +1% | $142M | $120M | 16.7x | 21.7x | ||
| Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters. | $8 | -8% | $110M | $36M | 1.3x | 3.6x | ||
| Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries. | $3 | -27% | $102M | $165M | 10.0x | 20.9x | ||
| Kekrops SA is engaged in the development of housing projects on its own land in Palaio Psychiko. It operates in the segment of construction, development and exploitation of real estate with a special focus on maisonettes and luxury residences. | $2 | -23% | $35M | $33M | 17.2x | (36.4x) | ||
| Median | $5 | -8% | $161M | $286M | 8.0x | 13.8x |
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