Prime coastal land,
patiently developed.
A Vienna-based investment boutique acquiring and developing prime coastal land on the Greek Riviera — on the ground in Athens, with our own network of lawyers, tax advisers and building experts.
An investment boutique with local roots
and international standards
GDO International, by Villa Sana Management GmbH, has been investing in the Greek market since 2017 — acquiring highly attractive land in premium coastal locations and developing design-led condominiums, involved in every stage from acquisition to exit.
From opportunity to exit
Acquire
We identify highly attractive land in premium coastal locations and secure it legally and fiscally sound — with local partners on the ground.
Develop
Design-led condominiums, developed to a clear quality standard by an interdisciplinary team of lawyers, tax advisers, building experts and development partners.
Realise
Active involvement through every stage — from concept and execution to long-term value creation and exit.
Selected developments
Development · AthensVakchilidou 26, Ilissia
A slender residential building in a central Athens neighbourhood — condominiums combining contemporary design with the cosiness of an “at home” feeling.
View project →
In planningRiviera Residences
Our current focus: design-led condominiums with lifestyle amenities for active adults and working nomads who prefer an attractive climate and a healthy way of life.
View portfolio →Good coastal land is finite. Our work is to recognise it early, secure it soundly — and develop it with patience.
A market with structural tailwind
EU and Eurozone membership — a stable legal and monetary framework at the southern border of Europe.
Prices remain moderate in European comparison, while premium locations show the strongest recovery.
Constrained supply of new prime properties meets fast-growing tourism and renewed investor demand.
Targeted tax incentives for foreign investors, retirees and family offices relocating to Greece.
Project presentations for our investment partners
Detailed presentations, documents and updates — available exclusively to our investors in a protected area. Access is granted personally.
Land, held to a higher standard
A curated portfolio — not a catalogue. Selected developments are public; detailed presentations remain reserved for our investment partners.
Development · AthensVakchilidou 26, Ilissia
Condominiums with contemporary design and generous rooftop terraces, minutes from the centre of Athens.
View project →In planningRiviera Residences
Our current focus — condominiums with lifestyle amenities. Site documentation and outlook available in the Investor Area.
Investor Access →All projects
Vakchilidou 26, Ilissia
37°58′ N · 23°45′ E — AthensContemporary design with the cosiness of an “at home” feeling
A slender residential building in the central Athens neighbourhood of Ilissia — two- to four-bedroom apartments in a condominium project, with penthouses opening onto rooftop terraces and garden apartments with private green areas.
Ranging between 90 and 180 m², all apartments combine contemporary design with warmth. Ample ancillary spaces — storage and parking in the basement — secure the quality of life of the micro-location.
What we build
Two- to four-bedroom apartments in condominium projects — penthouses with rooftop terraces, garden apartments with private green areas.
90 to 180 m² — contemporary design combined with the cosiness of an “at home” feeling.
Ample ancillary spaces: storage and parking in the basement secure the quality of life of the micro-location.
Materials and finishing set a new standard in developer specifications — energy efficiency, comfort, long-term value.
Central Athens, minutes from everything
Ilissia sits between the city centre and the pine slopes of Hymettus — embassies, the university and Kolonaki within easy reach, with the Riviera and the airport a short drive away.
The detailed presentation is available in the Investor Area
Why we invest in Greek real estate
Structural factors supporting long-term attractiveness and investment stability — and a market that has turned the corner.
Indicative placeholder curve — final chart based on Bank of Greece / market index data, with source line.
Structural factors at a glance
A European Union member state.
Member of the Eurozone, EBRD, IMF, UN, OECD, BSEC.
Stable country in the region; southern border of the EU, NATO member.
Bordering three continents.
Fast tourism growth drives demand in facilities, properties & infrastructure.
Investor-friendly government.
New laws to accelerate strategic investments.
Strong privatization program ongoing.
High yields compared to most other countries.
Recent rating upgrade by Standard & Poor’s.
Incentives & insights
Updates from GDO
Acquisitions, project milestones and market notes — what is moving at GDO International.
Planning milestone for Vakchilidou 26
Submission planning for our Ilissia development is complete — next step: the permitting phase.
Further coastal plot secured on the Athens Riviera
Our land portfolio grows by another prime seaside position with strong long-term demand drivers.
Greek residential market: momentum carries into 2026
Key indicators continue to support the investment case for prime coastal locations.
GDO expands its development partner network in Attica
New partnerships strengthen our design & build capabilities on the ground.
Local roots, international standards
GDO International, by Villa Sana Management GmbH, is a Vienna-based investment boutique — investing in the Greek market since 2017.
MMag. Dr. Paul-Oliver Kaukal — Founder, GDO International.
MMag. Dr. Paul-Oliver Kaukal
A visionary investor who foresees business opportunities early — upscaling underdeveloped assets, and combining Austrian efficiency and best business practice with his Greek roots, a Mediterranean temperament and a “polychronic”, multitasking way of working.
Four disciplines, one table
Every acquisition and every development is carried by an interdisciplinary team on both sides — a local infrastructure team in Athens and a strong Greek network.
Legal
Local and international lawyers structure every acquisition on solid ground — titles, permits, contracts.
Tax
Tax advisers on both sides ensure efficient, compliant investment structures.
Building
Architects, engineers and building experts assess land and existing structures and safeguard quality through execution.
Development
Development partners in Greece bring local market access, planning and realization power.
One axis, two home markets
Headquartered at Opernring in Vienna and active on the ground in Attica, GDO combines Austrian diligence with Greek market access. The company is part of the Villa Sana group.
Let’s talk about opportunities
For investment inquiries and cooperation opportunities — we usually respond within two business days.
Investor Access
Protected area for GDO investment partners — project presentations, documents and updates.
Access is granted personally by GDO International. There is no self-registration — please contact us for an invitation.
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Welcome, Maria
Your current project presentations and documents. New material appears here as soon as it is released for your investor group.
Vakchilidou 26
Full project presentation, current planning status and visualizations.
Riviera Residences
Current focus — site documentation, concept and outlook for the coastal development.
Prasinou Lofou 111
Preliminary presentation for selected investment partners.
Weitere Projekte werden freigeschaltet, sobald sie für Ihre Gruppe freigegeben sind.