The Hellenic Republic Asset Development Fund, a member company of the GrowthFund, announced the signing of the contract for the development of the property "Sani Kassandra" with the company "Sani Monopersonal Development and Tourism.". 

The company emerged as the highest bidder in January 2024, for a total price of €8.6 million. The tender process for the development of the property was conducted in one phase, and the financial consideration will be paid in one lump sum.

The ceremony was attended by, among others, Dimitris Politis, Managing Director of the Hellenic Investment Fund, and the Executive Advisor of the Hellenic Investment Fund, Panagiotis Stamboulidis, and on behalf of the company "Sani Unipersonal Development and Tourism Company,"  Theologos Mintzas, Valia Anastasopoulou, Anastasia Bolari, Lambis Pachygiannakis, and Eleanna Karvouni. 

The signing of the contract marks the start of a flagship investment in an area of particular beauty with remarkable environmental and tourist interest. The property, with a total area of 273.707,10 sq. m., is located in the location "Metochi Stavronikita,"  in the area of Sani, outside the boundaries of the Municipal Unit of the Municipality of Kassandra of the Regional Unit of Halkidiki of the Region of Central Macedonia, an area that constitutes the "Farm of the Rural Correctional Facility of Kassandra.". 

In the tender for the development of the property "Sani Kassandra,"  the Hellenic Property Development Fund has appointed the law firm "Moussa and Associates Law Firm" as legal advisors.

With the signing of this contract, the Hellenic Property Development Fund has developed a total of 22 large-scale properties through individual tenders and 75 more in groups through the methods of e-auction (47 with e-auction) and sale and leaseback (28 with sale and leaseback). These projects have resulted in a price tag of €1.62 billion and the mobilization of multiple funds for the implementation of investments with a strong social and environmental footprint. 

The Hellenic State Property Fund's significant tender for the development of a location of particular tourist interest has come to an end today, according to Dimitris Politis, Chief Executive Officer of the Hellenic Investment Fund. The tender for the completed project reflects the new culture at the Hellenic Property Fund: we focus on regional development, with the implementation of ambitious investments with multiple benefits for the local community and economy of the region. The interventions and the high-level tourism development planned by the investor will create new jobs and boost the attraction of visitors from Greece and abroad. I would like to thank the executives of the Hellenic Investment Fund, who, in cooperation with our external consultants, worked methodically to bring the tender to fruition, and the investor for the trust he has shown in the procedures and work of the Fund."