For a company that designed kitchen products for 75 years, taking on custom holiday homes was a major pivot for Vipp, the Danish brand once known best for its rubbish bins. The guesthouses, which prominently display architect-designed open kitchens, were popular enough that Vipp has Now it’s made another leap and this spent most of its time in the kitchen, creating modest yet well designed pivoted again: this time into real estate. Last month it launched the first Vipp Residence, a co-owernship property that puts forward a different model of second-home living.

Instead of investing in a timeshare — where in-house sessions are purchased but the asset is not — buyers become registered shareholders of a single, fully defined property. This inaugural property, on the Greek island of Kythnos, requires a fixed investment of 150,000 EUR for 1/12 ownership and up to six weeks of annual use. All maintenance, operations and bookings are handled centrally, removing the logistical burden that typically comes with owning a home abroad.

Designed by the architect Sigurd Larsen, the Cliff House sits lightly on a rocky slope above Trivlaka Bay. At 216sqm, the residence is formed from three interlocking stone volumes whose scale, materiality and orientation follow the terrain. The building draws on the island’s vernacular while keeping the lines pared back, letting the structure sit in quiet continuity with the landscape.

Inside, Vipp’s Scandinavian sensibility brings a measured calm: slate floors, a full V3 kitchen, sea-facing rooms and terraces shaped for changing winds and light. A private path leads down to a seafront deck with views toward Hydra and the Peloponnese.

As further residences are developed, Vipp says owners will benefit from opportunities for house exchanges and preferential stays across the wider guesthouse network. The co-ownership model extends the idea of a second home into a broader, design-led way of travelling.