In the Development session entitled “Adaptive Reuse – Redesigning Cities,” the discourse centers on the techno-economic mechanics of repurposing-built environments. The analysis examines how existing structures or complexes—constrained by specific load-bearing frameworks, regulatory mandates, and urban planning limitations—can be transitioned into modern core assets characterized by distinct identities, stable income streams, and an enhanced urban footprint. Key technical considerations include the compatibility of novel programmatic uses with legacy structural systems, the modernization of electromechanical infrastructure, and deep energy retrofitting within the confines of established building envelopes. Furthermore, the discussion evaluates the role of neighborhood-scale masterplanning in reconstructing the urban fabric when intervening in extensive industrial fronts or derelict office clusters.

The dialogue synthesizes the perspectives of a development group with an established track record in large-scale transformations, a structural institutional owner/asset manager, and a commercial utilization entity.

It addresses high-level quantitative queries: the comparative assessment of Capital Expenditure (CAPEX), Life Cycle Cost (LCC), and delivery timelines of adaptive reuse versus demolition and new construction. It further explores the multidimensional integration of preservation mandates, ESG criteria, urban density, and parking requirements within pre-existing volumes, alongside the impact of such upgrades on yields, risk profiles, and overall portfolio valuations. Through specific case studies in Athens and Thessaloniki, it is demonstrated that adaptive reuse functions as a sophisticated regeneration tool—underpinned by a rigorous framework of specifications, audits, and investment criteria—rather than a fragmented architectural gesture.

Moderated by Stefania Souki, the session remains anchored in market realities, identifying current systemic bottlenecks—permitting, financial, and technical—and the prerequisites that enable adaptive reuse projects to transition from conceptualization to bankable development.

Guests include:

– Olga Itsiou, Chief Operating Officer, DIMAND

– Alexandros Maris, Deputy CEO, TenTec

– Vassilis Pachiyannis, Commercial Director, Hellenic Properties

– Paris Kallitsantsis, Founder & CEO, Blend Development

– MariosMikaits, Managing Partner, VECTOR ENGINEERS

Panel moderator: Stefania Souki, journalist, Proto Thema and newmoney.gr