Property Owners

Sweeping economic developments during the last years in Greece have altered the face of the market completely. High taxation and new regulatory policies have turned property management to a daunting task while transactions have plummeted as a result of the severely weakened market purchasing power combined with severe lack of bank financing. The old ways of “self-selling” property based on market boom momentum are not working anymore. Witnessing area-wide dramatic devaluations is becoming common and outdated property characteristics are simply not sufficient to make a property attractive. New market rules, new data and technology-bound property requirements, impose the usage of innovative promotional methods, more efficient management and deeper expertise in order to successfully face the challenges of the new and highly dynamic environment.

As the new market landscape develops and evolves, non-corporate landlords of commercial property are faced with increasing difficulties in deciding on how to manage their properties timely and effectively for optimal performance while securing portfolio value. Metrax along with its partners possess extensive knowledge of the market and provide turn-key solutions that seek to increase the value of our client’s property and mitigate risk focusing on the following key objectives:

Increased Rates of Return

Reduced Vacancy Rates

Reduced Maintenance Costs

Increased Aggregate Value

Retainment or Disposal Advice

Property Marketing

In order to achieve the maximum possible portfolio value and rates of return, we design custom service options adopted specifically for each client’s needs. Our “Property Owners” solutions are bespoke and although based on our core services, they are formatted in such a way that non-business customers find easy to grasp and of high practical value. Yet, they are fully featured solutions that cover the complete property lifecycle from acquisition, development and construction to commercial exploitation Marketing, Promotion, disposal and legal compliance including associated paper work and portfolio management related needs.

Our integrated services approach, allows our customers to cover all their property needs along with getting access to additional value-added related services through a single point of communication. Some examples of how our services can increase our clients’ rates of return and total value obtained are:

Property Disposal

Metrax can greatly improve a property’s sales potential and attain the highest possible value in the market through our services such as: Property Surveys & Condition Assessment, Valuations, best usage scenario identification & concept Master Planning (incl. 3D Modeling), Feasibility Studies of concept proposals, marketing material production & focused  promotion targeted at the most appropriate audience.

Check our dedicated web sites for more information about our Property Marketing Services & Bespoke Property Promotions below:



Property Retainment

The financial objectives when owning property seem straightforward and usually revolve around reducing cost of ownership while maximizing yields and value. However, there are a lot of factors involved in achieving them and not all approaches work the same. In fact, it is quite common that properties within the same area perform higher than others both at an occupancy level as well as financial performance wise. There are several factors besides location that affect property performance such aesthetic value, functionality characteristics, quality of construction, maintenance and operating costs, usage potential and marketing of the property through its lifecycle.

Metrax analyzes all those factors in depth providing sound advice on how to apply improvements that increase property attractiveness and achieve the highest possible lease rates in relation to investment and market value of the property at any given time. Our services include full legal coverage and assist property owners to achieve compliance with current and forthcoming legislation (BCC, Energy & Electronic IDs, Health & Safety), along with guidance in the resolution of possible disputes with tenants or public authorities. Additionally we provide guidance and advice on avoiding fines or reduced lease value on time by preventing lost income due to vacant property or tenants fleeing for more attractive alternatives.

Furthermore, we provide sound advice and proposals for potential investment (jointly financed or own funds based), create the highest possible yielding exploitation solutions for each of your assets and produce the required marketing material while undertaking the promotion of leasable or to be disposed assets. Complementarily, we offer consulting on financing options, authoring and presenting proposals to banks or other financing parties in order to accelerate approval and proceed fast.

Property Surveys & Condition Assessment, Valuations, Property Maintenance Consulting, Lease Rates advice, Marketing & Promotion Services, Tenants Management, Renovations or Upgrades Planning to increase perceived value, are relative services that Metrax provides as part of our turn-key solutions portfolio for property owners.

Each piece of property is unique and a different mix of services applies. Contact Metrax to discuss your case and we will create a custom service proposal suitable for your objectives and financial capability.

Joint Venture Options

Metrax maintains contacts with prospective local and foreign investors looking for joint venture opportunities and co-exploitation of property. Depending on the type of property, the possibilities of co-exploitation vary while surface area, development possibilities and location are critical factors to be assessed first. Whether it is a building or greenfield, we can produce proposals based on “Best Usage Scenarios” and present them to candidate investors professionally and accompanied by a Master Plan & Feasibility Study. Some important reasons landlords and investors opt into a joint-venture operation are:

  • High value of property that is difficult to dispose due to economic conditions
  • Low market perceived value of property due to technical and aesthetic or construction quality reasons compared to properties of close or area wide proximity requiring an investment to alter favorably
  • High cost of acquisition or lease and risks associated with high cash-flow demands of initial investment

Online Property Management Tools

Being a technology driven company, we are constantly looking into improving the ways we serve our clients by offering them fast and efficient access to information about their property and progress reporting on projects we are assigned. For this reason we invest a lot of time and resources on the creation of modern tools that enable our clients to manage their portfolios and access useful information anytime the need.

Through a dedicated web site, Metrax clients are able to perform a series of tasks related to their account ranging from information retrieval to basic portfolio management operations depending on the type of service they have chosen. Some of the features available are:

Standard Features


  • Standard Property Profiles
  • Legal Documents
  • Contracts
  • Billing & Invoices
  • Basic Floor Plans
  • Key Property Contacts

Reports & Advice

  • Project Progress Reports
  • Market Reports
  • Property Benchmarks
  • Repairs Advice
  • Lease Rates & Marketing Advice

Custom Premium Features

Detailed Property Profiles

  • Photographs
  • Detailed Floorplans
  • Equipment Inventories
  • Maintenance Information
  • CAD Drawings
  • BIM Planning

Custom Reports & Advice

  • Up to date Condition Reports
  • Maintenance Alerts
  • Repairs Budgeting
  • Property Listing
  • Premium Market Reports

We are planning to implement additional features and tools in the future that further enhance portfolio management possibilities while reducing both costs and lead times. Upcoming features include the ability of registered customers to quickly submit detailed inquiries for auxiliary services using electronic forms as well as self manage property listings on our dedicated property site

Electronic IDs

Effective since January 2015 in Greece, new legislation states that all buildings in Greece should have an electronic ID that contains their building permit papers including all modifications since they were first constructed. For new buildings permits the process is compulsory and will be part of the issuing process. Older buildings are given a 10 year deadline to submit the required information and receive an electronic ID while buildings that have been subject to “settlement” are given a 5 year period before the completion of their Electronic ID. Due to the complicated nature of the law and possible amendments each case needs to be examined independently. Clients are advised to contact Metrax and have their case examined by one of our engineers.

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Check out our dedicated web sites below for more information on our auxiliary services

Marketing Services
Design Services

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