Mercan: developer for the Greek Golden Visa
Rank 11 of 16 in the developers ranking · 59.9 out of 100
About Mercan
Mercan Group is an international group of companies headquartered in Montreal, Canada. It reports more than 37 years of experience, over €2 billion raised for projects, 4,100 families approved and a team of more than 900 people, with offices in 13 places including Montreal, Lisbon, Porto, Athens and Dubai. Mercan also delivers projects under international hotel brands.
In Greece Mercan has one project in the catalog: Keranis Residences in Piraeus, a conversion of the historic Keranis tobacco factory into 408 furnished apartments with about 29,900 m² over six floors. The developer states completion by the end of 2027 and eligibility under the category for converting industrial buildings into homes (the €250,000 threshold).
Mercan is a developer from the Ways to Europe catalog. In the catalog it has 1 project in Greece, 1 of which have apartments for sale now. In all 408 apartments are tracked, 230 of them free.
Free apartments cost from €256,000 to €486,000. The median price per m² is €5,926, which is in line with the median across all ranked developers (€5,868). Data as of November 2026.
The description is based on the company's official website (mercan.com), checked on 2026-11-08; figures the company gives about itself have not been verified independently.
- Rank
- 11 / 16
- Score
- 59.9 / 100
- Projects in the catalog
- 1
- Apartments for sale
- 230 (44% sold or reserved)
- Price from
- €256,000
- Median per m²
- €5,926 / m²
- Finished or due in 12 months
- 0%
Prices exclude taxes and fees, from the catalog as of November 2026. Prices and availability change; we confirm the current ones at a consultation.
The company in numbers
- Founded
- 1989
- Experience
- 37+ years
- Team
- 900+ people
- Offices
- 13 cities, 10 countries
- Hotels
- 26 operating or under development in Portugal and Greece
- Capital raised
- over €2 billion
- Clients
- over 4,100 Golden Visa families
The figures are the company's own, from its website; we have not verified them independently.
Offices and geography
Head office
Montreal, Canada
Other offices
- Edmonton and Saskatoon, Canada
- Lisbon and Porto, Portugal
- Athens, Greece
- Panama City, Panama
- Dubai, UAE
- Beijing, China
- Manila, Philippines
- Ho Chi Minh City, Vietnam
- Dhaka, Bangladesh
- Phnom Penh, Cambodia
Company history
1989
Jerome (Jerry) Morgan founds an immigration consultancy that helps families bring skilled workers to Canada.
2000s
The company opens branch offices across the Americas, Asia-Pacific and Europe.
2015
The Mercan Hospitality Fund is launched (registered with the CMVM, Portugal's securities regulator), linking investor immigration to branded hotel development in Portugal.
2024
The company names itself among the top ten immigration consultancies worldwide.
Leadership and team
Jerome (Jerry) Morgan
President and CEO
Jordi Vilanova
President, Mercan Properties Portugal
Jason Morgan
Vice President, Sales and Marketing
Names and titles as given on the company's official website.
What the company does
- Immigration consulting
- Golden Visa support
- Recruitment
- Hotels and hospitality
- Development
Group of companies
Mercan Group is an international group with three practices: investment immigration, skilled recruitment and hotel development. Its hotels operate under the Marriott, Hilton, IHG, Hard Rock, Accor and Wyndham brands.
Sold and delivered projects
- Renaissance Lapa Park Porto
Projects that the developer's website shows as sold out, delivered or operating.
Awards and mentions
- Top 10 immigration consultancy, 2024
Names as they appear on the company's website.
What the score is made of
The four criteria of the ranking, each from 0 to 100. The calculation is described in the method.
Choice · 35%
73 / 100
Demand · 20%
73 / 100
Timing · 25%
0 / 100
Openness · 20%
100 / 100
Strengths
- Choice: a wide choice of apartments and projects
- Demand: a large part of the apartments is already sold or reserved
- Openness: price, size and delivery date are given for all apartments
Worth noting
- Timing: handover of the free apartments is planned in more than a year
Mercan projects
The developer's projects from the catalog. Projects from our selection have a page with photos and the full cost.
Keranis Residences
- Price from
- €256,000
- Free
- 230 of 408
- Delivery
- January 2028
What to check before buying from Mercan
Before the preliminary contract a lawyer checks the developer's title to the plot, the building permit and the absence of encumbrances, as well as the payment terms and liability for late delivery. Whether a chosen apartment meets the Golden Visa threshold depends on the area and the type of property.
Investment threshold finderProperty purchase calculatorAll projects of the selectionBack to the developers ranking
The ranking is informational. It is not a recommendation to buy from a particular developer or investment advice. Prices and availability change; we confirm current data at a consultation.
Frequently asked questions
Questions about Mercan
Which Mercan projects suit the Golden Visa?
Most apartments for sale now are in: Keranis Residences. Whether a particular apartment meets the €250,000, €400,000 or €800,000 threshold depends on the area and the type of property; you can check it in the investment threshold finder.
How much do Mercan apartments cost?
As of November 2026, free apartments cost from €256,000 to €486,000, with a median of €5,926 / m² per m². Prices exclude taxes and fees; the purchase calculator works out the full cost.
When are Mercan projects delivered?
0% of the free apartments are finished or will be handed over within 12 months. The timing of each project is shown above; we confirm exact dates at a consultation.
Where does Mercan stand in the ranking, and why?
Mercan ranks 11 of 16 with 59.9 out of 100. The score combines choice, demand, timing and openness of the price list; the calculation is in the ranking method. The ranking does not assess build quality.