The first and second phase of the construction works for the redevelopment of Piraeus Tower was undertaken by TERNA S.A., a fully owned (100%) subsidiary of GEK TERNA Group.

The contract, signed with PIRAEUS TOWER S.A. (a partnership of the companies “DIMAND S.A.”, “European Bank for Reconstruction and Development – EBRD” and “Prodea Investments S.A”.) includes the dismantling works of the existing facade and the installation of new glass curtains with blinds during the first phase and the construction and electromechanical works for the completion of public facilities, basements, roof and premises of Piraeus Tower during the second phase.

The project as a whole concerns the completion and operation of the Piraeus Merchant and Shipping Center, known as Piraeus Tower, with a planned utilization of offices, restaurants and underground parking in a total built-up area of 34,623.74 square meters. Piraeus Tower consists of 22 floors while the height of the building is 88 meters. It is worth noting that it will be the first digital and bioclimatic high- rise building in Greece, which aims to receive certification of sustainable development based on the certification program Leadership in Energy and Environmental Design (LEED) at Platinum level.