Real estate

Activities and companies

Activities and companies


Viohalco creates value through the development and management of the commercial real estate assets by its subsidiaries.

The real estate division comprises, among others, Noval Property, the second largest Real Estate Investment Company (‘REIC’) in Greece, focusing on real estate development and management, and Steelmet Property Services S.A., which provides a wide range of centralised real estate, property and facility management services.

Noval Property owns a modern, diversified, high quality and resilient portfolio of 62 real estate assets, mainly located in Greece and selectively in Bulgaria, which includes office buildings,  hospitality and residential assets, shopping centres and retail parks as well as logistics centres.

Noval Property implements a significant strategic programme through both the development of its captive pipeline and the investment in third party real estate opportunities.