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The famous Piraeus Tower will come to life more than 45 years after its construction.
The Court of Accounts gave the “green light” to the Municipality of Piraeus to sign the utilization agreement with investors. Work will begin soon and the building will be radically renovated, with modern office and retail infrastructure and vertical green areas.
Total investment will exceed 50 million euros, and the municipality will speak of “a very positive development, despite the difficult economic environment that has developed in the country due to the pandemic.”
Indicative suggestion for the appearance of the building.
La Torre is the largest asset of the Municipality of Piraeus, although it has never been used since its construction.
The Municipality designed and conducted an international tender for its development, with its 99-year concession, for management and exploitation by investors. Finally, the project was awarded to the Business Association “CANTE HOLDINGS LTD – COMPANY OF ANONYMOUS BUSINESSES, PRONTEA IN INFINITE AREA”.
The annual financial consideration. for the municipality of Piraeus it will amount to 1.01 million euros with an annual adjustment of 2%, “which will be returned to the Piraeus society in daily projects, with the aim of improving the quality of life in Piraeus and improving the city “
Indicative suggestion for the appearance of the building.
The use of the Tower provides mixed uses of offices and shops, while the intention of investors to date is to configure the building as follows:
Basement A and B: mechanical spaces and parking lots
Ground floor: Piraeus tourist information and promotion area and shops
1st and 2nd floor: shops
3rd floor: multipurpose space for cultural functions with dining room
4th – 18th floor: offices
19th and 20th floor: restaurant
The implementation schedule is 33 months. For radical renovation and configuration of the interiors and immediate surroundings, updating the facade with the creation of a protective casing, vertical green areas and modern lighting system to highlight the Tower as a landmark.
Piraeus Mayor Giannis Moralis said the use of the Tower, “a symbolic building not only for Piraeus, but also for the country’s main port, is an important time for Piraeus and its citizens as one of the most important and emblematic works of the city “.
Finally, he estimated that with the use of the Tower, the income of the Municipality will increase significantly and a “new microeconomy” will be created in the area, with new jobs, with the simultaneous updating of the surrounding area.
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