A major step toward the development of Athens was taken with the recent green light for Project VORIA, a €300 million strategic investment by North Star Entertainment set to reshape Maroussi, in northern Athens. The project represents one of the most significant private investments in Attica in decades and is expected to boost the area’s attractiveness for both residents and international investors.
What Project VORIA Means for Maroussi’s Future
The Council of State, Greece’s highest administrative court, issued its final decision (Case 810/2025), rejecting an annulment request against Presidential Decree 36/2023, which outlines the urban planning framework for the development. With this ruling, construction can officially begin.
Project Highlights:
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A luxury five-star hotel
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Modern conference and event spaces
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Dining and entertainment venues
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The new location of the iconic Mont Parnes casino, relocated from Mount Parnitha to a purpose-built, 8,500 sqm facility
Impact on Local Development:
This strategic project is more than just a hospitality complex. It is a key driver for the growth of Maroussi and northern Athens, positioning the area as an emerging business and leisure destination:
✔️ Increased Investment Potential: The project enhances Maroussi’s profile, making it a more attractive area for those looking to buy property in Greece or invest in Greece, particularly in real estate, hospitality, and business infrastructure.
✔️ Sustainable Urban Development: Over 17 stremma (4.2 acres) of new green spaces will be created, while an additional 25 stremma (6.2 acres) will be preserved for public use, improving the district’s environmental footprint and livability.
✔️ Infrastructure Upgrades: The developer will finance major road improvements to ease traffic congestion — a crucial benefit for both residents and visitors.
✔️ Job Creation & Economic Growth: The project is expected to generate over 1,000 new jobs, stimulating the local economy and supporting Athens’ long-term development as a tourism and business hub.
North Star Entertainment has also committed to protecting local businesses by excluding shopping malls from the development, ensuring the project complements — rather than competes with — the existing economy.
Expert Perspective
“The approval of Project VORIA marks a milestone for Athens’ future,” said Yannis Tsirikos, CEO of North Star Entertainment. “This investment will deliver world-class experiences while promoting sustainability, innovation, and the international positioning of Athens as a top destination for both tourism and business.”
Why It Matters for Real Estate & Investment in Greece
Project VORIA offers significant opportunities for those considering real estate investment in Greece, especially within Athens’ growing northern suburbs. The transformation of Maroussi will attract both local and international buyers, reinforcing the area’s role within the evolving Greece tourism economy and wider investment landscape.
For investors looking to be part of Athens’ next chapter, this project signals a prime moment to explore opportunities to buy property in Greece or contribute to the ongoing development of Athens.
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