NBA star Giannis Antetokounmpo is expanding his presence in the Greek real estate market with an investment in Premia Properties, made through his company, Greek Freak Investments. Premia, a rapidly growing Greek real estate investment company, is set to launch a €40+ million ($43.6 million) share capital increase on Monday, July 21.
Joining Giannis in this strategic move are two other prominent investors: the Sklavenitis family, one of Greece’s leading retail groups, and George Daskalakis, founder of Kaizen Gaming, a major player in Europe’s tech and betting industry.
New strategic investors
Premia confirmed that the capital increase is fully secured, with the three new cornerstone investors committing the following amounts:
- George Daskalakis – €5 million ($5.45 million)
- Greek Freak Investments (Giannis Antetokounmpo) – €3.3 million ($3.59 million)
- ANIKA S.A. (Sklavenitis Group) – €3 million ($3.27 million)
Commitments from existing shareholders
Existing major shareholders have also confirmed their participation in the capital raise. These include:
- Sterner Stenhus Greece AB – €8 million ($8.72 million)
- Fastighets AB Balder – €12 million ($13.08 million)
- Petter Stordalen (via North Leisure Travel Group – NLTG) – €6.5 million ($7.8 million)
- NOE Metal Constructions S.A. – €500,000 ($545,000)
The offering price has been set at €1.30 (currently about $1.50) per share, reflecting a 38 percent discount compared to the most recently published Net Asset Value (NAV) per share.
Strategic acquisition in Gran Canaria
In parallel with the capital increase, Premia announced the signing of an agreement to acquire a hotel property in Gran Canaria (Canary Islands) for €64 million ($64.76 million). The asset was purchased from the NLTG Group, with a 20-year lease in place and an annual net rent of €4.65 million ($5.7 million) under a triple net lease structure.
This acquisition significantly expands Premia’s presence in the tourism sector and is expected to significantly contribute to future profitability. The deal is being financed through a Greek bank.
Antetokounmpo expands investment footprint in Greece
NBA superstar Giannis Antetokounmpo continues to deepen his ties to Greece through a series of high-profile investments across entertainment and real estate.
In June, Antetokounmpo revealed plans to produce his first scripted feature film, titled Mykonos, under his own production company, Improbable Media. In announcing the project on social media, he shared his enthusiasm for the island, writing, “You guys know how much I love Mykonos.” The film, written and directed by Christopher Andre Marks, will be developed in collaboration with Studio Galazio.
In 2024, reports surfaced that Antetokounmpo had acquired a luxury residential complex in Psychiko, one of Athens’ most prestigious suburbs. The modern, multi-unit property—purchased for a reported €10 million ($11 million)—was designed to accommodate his immediate family, including his mother and brothers.
Antetokounmpo’s real estate interests also extend to Southern Greece. In 2022, he and his brother Thanasis invested in two exclusive Costa Navarino residences, part of a luxury resort development in Messinia, located in the Peloponnese. The area is known for its high-end tourism and environmental sustainability.