No. 1 DEVELOPMENT COMPANY IN GREECE SINCE 1962 Greece is the place to be Real Estate Investment Opportunities in Greece In Association with The real estate sector in Greece is on the rise. Thanks to a surge in foreign investment by way of Greece’s Golden Visa Programme. We spoke with Mr. Vaggelis Kteniadis, President of V2 Development, one of the leading Greek real estate companies founded in 1962 by Kteniadis’ father. One-on-One with Vaggelis Kteniadis Five minutes with Vaggelis Kteniadis, President V2 Development Vaggelis Kteniadis 1. As the No. 1 development company in Greece, you 2. How has been your experience so far with wealthy have dominated the Greek Real Estate market for Arabian families ? almost 60 years, please tell us a bit more about your company and what makes you so special ? V2 Development is a truly international company from the makeup of its work force to its multinational My late father, Vaggelis Kteniadis Sr., was a true clientele. Ours is a culture that accommodates the visionary who literally reshaped the real estate market diversity of different people and actually thrives on in Greece when he founded ERGON in 1962. My offering tailor made services to each market segment. brainchild, V² Development, follows in the footsteps of Believe it or not, our Greek heritage brings us closer to that great company, adopting ERGON’s philosophy but the Arabian mentality and this gives us an edge when adapting it to the requirements of the 21st century. It catering to this specific group. takes a special blend of passion, vision, knowhow and good old respect for the customer and we have been 3. Since 2013 Greece is offering the Golden Visa basing our corporate culture and values on this exact program which grants a Five-year residency visa in blend. I believe that customers, associates and return for an investment in real estate - if you can employees of V² Development perceive this blend elaborate on that a bit. exactly the way we intend to project it. This is the basis for long-lasting business relationships which in turn is Greece has launched an ambitious and rather generous the foundation for success. program indeed. Although the term “golden visa” is widely used, we prefer to call it by its real name, Permanent Residency Permit Program, because the word visa has a negative connotation, as visa is something that expires while the Permanent Residency lasts as long as the investor keeps the property under his possession. Residency by investment is nothing new, but Greece has managed to infuse it with features that have made it skyrocket in popularity. In five short years, it became the world’s most popular program in 2018 and 2019, surpassing for the first time even the US EB5 program in number of approved applications. V² Development is constantly positioning itself for the future Further to the specific stipulations of the program, 5. What are your future strategies/plans for the next there are two more factors that have helped five years ? tremendously: the Greek economy is finally getting out of the woods and presents a legitimate investment World domination! Seriously though, V² Development opportunity with one of the highest ROI profiles is constantly positioning itself for the future. We globally. Further to this, Greece is the most beautiful anticipated the global interest in the Greek Permanent country in the world and, as such, it is the dream Residency Permit program and created the European destination for a great number of people. infrastructure that would enable us to capture its full According to the Greek law, The main applicant and potential in order to reap the benefits. We are very spouse, both of their parents, all children from both confident about the next 5 years, as the company is sides under 21 years old, will get PR by buying any now more sure-footed and mature than ever. We take property over 250.000 euro. nothing for granted, least of all our clients. We Greece Permanent Residency Program is the most constantly reinvent ourselves to anticipate what is advantageous program in comparison to the programs coming next. I can assure you that we have an applied by other European Union countries, as the expansionary strategy which means that you will be required minimum investment amount (250.000Euro) seeing a lot more of V² Development around the world. is lower and it does not require from investors to live or even enter / visit Greece annually. Since there is no 6. Finally: What's the best piece of advice given to obligation to reside or visit Greece annually, the real you ? estate can be rented out. It’s been said before, but I was fortunate enough to not only hear it but experience it first-hand from my By obtaining a residence permit in Greece, you can father: Stay hungry! These two words encompass so easily have the free movement right in all Schengen much that I could talk about their meaning for me and countries under the Golden Visa program. V² Development for hours! The essence of it is that you have to want to spring out of bed each and every day 4. According to official data published by the Bank of to go and do something memorable, never losing the Greece, foreign investment in Greek real estate grew drive, the motive power that you felt on that first day by a stunning 94.6 percent during the first half of of each journey you started. This is what I live by and I 2019 – in your own words, how are you explaining am always trying to lead my company by this this ever-increasing appeal/appetite of foreigners to paradigm. Being #1 comes with the responsibility to invest in Greek real estate ? stay there and the only way to do this is to want to regain that top spot each and every day. You have to realize that Greece has been in an unprecedented crisis for over a decade. This has resulted to an extremely steep decline in GDP and Mr. Vaggelis, we thank you for the interview. virtually every other figure and indicator. Last year was indeed a pivotal point in Greece’s course through this crisis and global markets appreciated that things are actually changing for the better. The local real estate market was badly hit during the crisis and prices corrected in a very violent manner. The upturn of the economy made it abundantly clear that now is the time to invest in real assets in order to realize these phenomenal returns. Vaggelis Kteniadis holds a B.Sc. from the University of Nevada (US) and his top priorities are the assessment of clients’ needs, meeting quality standards and the constant evaluation of clients’ satisfaction. He named the company “V² Development” as a sign of token and appreciation to his father and his dream is to witness his son Vaggelis Kteniadis III to be the Managing Director and rename the company’s name to “V³ Company Portrait V2 Development Athens Headquarter of V2 Development V² Development is a private Real Estate Development company with central Athens headquarters, branch offices in Glyfada, Kolonaki, international offices in Beijing, Shanghai, Guangzhou, Nairobi and strong presence globally. Founded in 1962 by Mr. Vaggelis Kteniadis Sr., father of the company’s current president, under the former name “Ergon S.A”, it quickly became synonymous of the highest quality in Real Estate Development and provided high yield investments while stating integrity and commitment in its business field. Mr. Vaggelis Kteniadis Jr. is the current president of V² Development successfully continuing 58 years of family tradition. Since May 2013, V² Development is also an active promoter of the “Golden Visa Program”, a pioneering investment law which entitles permanent residency in Greece and access to 26 Schengen countries, through a €250,000 investment in real estate property in Greece. HEADQUARTERS KOLONAKI GLYFADA 6 Othonos Street 4A Valaoritou Street 7 Dimarchou Aggelou 10563 Athens 10671 Athens Metaxa Avenue - 16675 Glyfada Greece Greece Greece T. +30 210 961 7181 T. +30 210 362 2230 T. +30 210 362 2230 www.vsquared2.com BEJING SHANGHAI GUANGZHOU NAIROBI Room A058, Floor 4, Building 1 26th Floor, Shanghai Times Square, 12/F, Tower A, Phase 1, G.T. Land Plaza View Park Towers Yilishengtai Square - No.15 Guanghua Road, No. 93 Huaihai Road No. 85 Huacheng Avenue, Tian He District Transcon Office Suits, 6th Floor Chaaoyang District, Bejing, 200021 Shanghai 510623 Guangzhou Utali Street - Nairobi China China China Kenya V2 Development Projects have one thing in common: Quality! We pick the best most prestigious and convenient locations mainly in the southeastern part of Athens, close to the beach and main city attractions. We build or renovate homes for the discriminating investor, targeting maximum return. We have developed our own aesthetic that is perfectly suited to our audience, thus providing solutions that are comprehensive, sensible, attractive and commercially appealing. OUR SERVICES LAND DEVELOPMENT Turning ideas into tangible projects has been V² Development’s major area of expertise. Adding value to properties through development of raw land, building or renovating is a complex business process that we have mastered during our long and successful course in the marketplace. CONSTRUCTION Whether building from scratch or renovating an older property, construction has been one of the main drivers of our company’s growth. Employing the safest techniques, top quality materials and avant-garde styling, we create the building structures that are destined to be future classics. TRADING Real Estate has traditionally been one of the prime areas of focus in Greece.