Avison Young has expanded into Greece through an affiliation agreement with Athens-based QRA Real Estate Advisors.

Toronto-based Avison Young said the firm is entering Greece’s real estate market as it is undergoing a rapid transformation driven by a growing demand for people-centric and energy-efficient building. The “dynamic shift” reflects the country’s strong economic recovery and status as a “resurgent destination” for investors.

With its booming tourist sector and emergence as a major business and energy hub in southeastern Europe, Greece offers an attractive proposition for both residential and commercial investment, according to the company.

QRA has been rebranded as Avison Young.

“This collaboration reinforces Avison Young’s commitment to providing world-class real estate services,,” said Mark Rose, Avison Young’s chair and CEO, in a news release.

“Joining forces with this talented team in Greece strengthens AY’s global presence and enhances our ability to deliver exceptional results for our clients.

Avison Young’s new Greece team will be headed by led by real estate industry veterans Alexis Kotsioris and Eri Mitsostergiou.

Kotsioris will serve as a principal and the team’s managing director. Mitsostergiou will also serve as a principal as well as chief operating officer.

Kotsioris has about 25 years of experience in commercial real estate advisory and transaction services in Greece. He has advised clients on investment transactions covering approximately €1.2 billion worth of investments in Greek retail, office, and logistics assets.

Mitsostergiou has approximately 25 years of experience as an international property analyst, specializing in European and global research and consultancy. Her expertise lies in providing strategic guidance to clients in their real estate investment decisions.

Both Kotsioris and Mitsostergiou previously worked for Savills.

Pictured (left to right): Alexis Kotsioris, principal and managing director; Eri Mitsostergiou, principal and COO; Antonis Antonakopoulos, director and head of retail.

Photo: Courtesy of Avison Young