# Hellenic Rail Estate rebranding and development > Live situation record from CLSTR: https://clstr.news/situations/hellenic-rail-estate-rebranding-and-development > Updated: 2026-09-19T04:00:51.000Z. Sources: 6. Developments: 2. GAIOSE has rebranded as Hellenic Rail Estate, a strategic transformation designed to focus exclusively on the management of railway real estate. The company reported that the maturity of its key assets increased from 20% to 60% over a two-year period, with its portfolio value rising from 153 million euros in 2023 to an estimated 177 million euros by 2025. The portfolio includes approximately 590 residences and a student dormitory in Thessaloniki. The organization aims to transform major Greek railway stations into multi-use urban hubs capable of generating revenue through commercial, tourism, office, and cultural uses. Urban planning and environmental studies have been submitted for four major locations: Larissa Station, the old Peloponnese Station in Athens, Piraeus Station, and the New Passenger Railway Station of Thessaloniki. To facilitate this development, the company plans to initiate public-private partnerships or concessions by the end of the year. In Athens, the strategy involves integrating the Larissa and Peloponnese stations into a single large-scale project featuring restored historic buildings, dining areas, and cultural spaces. ## Timeline ### 2026-09-19: Hellenic Rail Estate to transform Greek railway stations into multi-use hubs Hellenic Rail Estate plans to transform Greece's four largest railway stations into multi-use commercial and tourism hubs through public-private partnerships and urban redevelopment. 2 sources. https://clstr.news/cluster/hellenic-rail-estate-to-transform-greek-railway-stations-into-multi-use-hubs ### 2026-09-06: Hellenic Rail Estate rebrands GAIOSE to focus on railway assets GAIOSE has rebranded as Hellenic Rail Estate, reporting a rise in asset maturity from 20% to 60% and a 16% increase in portfolio value as it focuses on railway property development in Greece. 4 sources. https://clstr.news/cluster/hellenic-rail-estate-increases-asset-maturity-to-60-in-two-years --- Cite as: Hellenic Rail Estate rebranding and development. CLSTR, https://clstr.news/situations/hellenic-rail-estate-rebranding-and-development