If you flew into Athens before 2001, you would have landed at the Ellinikon International Airport, a strip of tarmac bordered by the shimmering Aegean Sea to the west and the brushy hills that form the spine of the Attica Peninsula to the east. More than 20 years after being replaced by the larger, inland Athens International Airport, the former transport hub and surrounding area are undergoing an ambitious redesign that will put the Greek capital on the atlas when it comes to sustainability-focused urban regeneration.
While investors based in Asia tend to look closer to home when buying property—the Greater Bay Area and South East Asia being particularly popular—Greece is increasingly of interest to those looking to expand their real estate portfolio. Developments such as The Ellinikon will contribute to that appeal. This is an €8 billion (US$8.3 billion) redevelopment project encompassing 620 hectares of land—roughly eight times the size of Beijing’s Forbidden City— located in the Elliniko suburb about 10km south of central Athens. What was once barbed wire fences, fuel-contaminated soil and vast swathes of concrete will eventually become a new district for living and leisure. Phase one is due to be finished within five years, with full completion in approximately 20 years. It will be built around a 200-hectare park, boosting Athens’ relatively low percentage of green spaces by European standards and promoting diversity with more than one million plants and 31,000 new trees from 86 different tree species, irrigated using collected rainwater and recycled wastewater. An estimated 85,000 jobs will be created, adding 2.4 per cent to Greece’s gross domestic product.
Denne historien er fra January 2023-utgaven av Tatler Malaysia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2023-utgaven av Tatler Malaysia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Waves of Wonder
Chaumet's Ondes & Merveilles high jewellery collection invents a unique language of the sea, capturing the colours and joy of life within and around the expansive depths
Bright, Light, Bella
Bella Hadid's star shines brighter as the new face of Chopard's iconic Ice Cube collection
Beauty Playbook
We tapped the British make-up extraordinaire Pat McGrath to talk all things beauty as she takes us through her early beginnings, creative process, make-up tips and more
The Chloé Woman, Reborn
As we head into fall-winter 2024, let's unpack one of the most anticipated collections of the season-Chemena Kamali's homecoming collection for Chloé
To the Mun and Back
Korean actress Mun Ka-young opens up about her dream destinations and her non-negotiable in-flight skincare essentials
One Step at Time
We speak to Edgardo Osorio, founder of luxury footwear brand Aquazzura, on his vision of comfort and glamour, from weddings to world stages
Seams Like Art
Eleen Tan, a fashion illustrator and art lecturer, talks about finding success and fulfilment in the fast-paced fashion industry without sewing a single stitch
POWERFUL LITTLE PERFORMER
In both her wardrobe choices and acting roles, Eyka Farhana demonstrates remarkable range
HOT DAME!
Meet the chic 89-year-old great-grandmother whose story of family and romantic reunion is as awe-inspiring as her timeless elegance
Digital Transformation
Newly appointed managing director of Microsoft Malaysia Laurence Si brings 30 years of experience to the role