The Board of Directors of the Hellenic Republic Asset Development Fund, a member company of the Growth Fund, has approved the final table designating the company Matenisa Trading. as an eligible investor for the development of the properties Akti and Camping Agia Triada in the Municipality of Thermaikos, in the Regional Unit of Thessaloniki, for a total cost of €19.5 million.

According to the announcement, there was an e-auction on July 23 for the three investment groups to submit improved bids for the development of the property as part of an international tender that the TAIPED had launched on March 11, 2024.

Eurobank Holdings' SAP Ariba Sourcing platform served as the venue for the online auction. The final bid, which amounted to €19.5 million, is an increase of 140.7% compared to the initial highest bid of €8.1 million, which was the starting price of the online auction.

PROPERTY OF 50,000 SQUARE METERS

"The development of the property will have multiple benefits for the local community, as approximately 50,000 sqm will be returned to the citizens and visitors of the Municipality of Thermaikos, while the construction of a school unit (4,000 sqm) is also planned for the property. These interventions, in combination with the demarcated forest area of about 23,000 sq. m., create significant prospects for upgrading the public space in the area for the benefit of the local community, while the development of the property will contribute to the promotion of the coastal front, "underlined.

After the eligible investor has submitted the Letter of Guarantee and the supporting documents stipulated in the Call for Tenders, the bidder will be declared the bidder, and the prescribed pre-contractual audit by the Court of Auditors will follow. Including the property "Akti and Camping of Agia Triada,"  the Hellenic Property Development Fund has developed a total of 98 properties through individual tenders and the methods of e-auction, sale, and leaseback. The revenues from the development of the properties exceed €1.62 billion, while the overall benefit is significantly higher with the mobilization of multiple funds for the implementation of investments that act as a driving force for regional development.