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Hellenic Republic Asset Development Fund
Lauch of tender for the development of a business park at a former military camp
GAIAOSE announced the launch of the tender for the development of a business park at the former Gonos Military Camp in Thessaloniki.
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Panagiotis Stamboulidis, Executive Director HRADF

GAIAOSE announced the launch of the tender for the development of a business park at the former Gonos Military Camp in Thessaloniki.  The tender will be conducted through a competitive dialogue procedure, while the resulting concessionaire will undertake the licensing, development, construction, financing, operation, maintenance, and exploitation of the business park, with a total area of 672,000 sq m. 

GAIAOSE, as the project beneficiary, has entrusted the Strategic Contracts Unit of the Hellenic Republic Asset Development Fund to conduct the tender.  The duration of the concession contract will correspond to a minimum of 30 years, and the project budget is estimated at approximately €260 million. The exact duration of the concession, as well as any extension that may be granted, will be determined at the end of the competitive dialogue procedure and will be included in the Call for Tenders. 

The Strategic Contracts Unit of the Hellenic Republic Asset Development Fund has completed the necessary preliminary steps to mature the property, including the technical and commercial exploration of alternative development tools, with a view to ensuring the attractiveness of the property and spatial planning guidelines.

The tender process will be carried out in two phases. The first phase will involve the preselection of candidates on the basis of technical and financial capacity criteria, and the second phase will involve the completion of a competitive dialogue with the preselected candidates and the submission of binding financial offers. 

Interested investors are invited to submit an expression of interest file by 15 October 2024.

The property is planned to be developed as a modern combined transport freight centre, which will serve as a host for business and supply chain operations.  It occupies a strategic location at the western entrance of Thessaloniki, as it is in close proximity to major road, rail, and coastal hubs. The proximity of the property to the port of Thessaloniki, the Egnatia highway, Thessaloniki airport, and the adjacent railway infrastructure, as well as its proximity to the Balkans, give the property important geostrategic characteristics in relation to the planned development and the intended uses.

STATEMENTS

GAIAOSE's CEO, Panagiotis Balomenos, said: "GAIAOSE, manager of one of the largest real estate portfolios in the country, is once again taking an active role in projects of national importance. While the development of our property in Thriasio as a freight centre is underway, today sees the start of the tender process for the development of the former Gonou Camp in Thessaloniki as a business centre. With an eye on the Balkans, Northern Greece and Thessaloniki in particular will acquire an infrastructure project that will make them leaders in the combined transport sector. We thank the PPF team for achieving this milestone, and we are committed to providing all the necessary resources to complete the project."

Panagiotis Stamboulidis, Executive Advisor to the Hellenic Fund and Head of the Strategic Significance Contracts Unit (PPF), said: "PPF has proven that it can mature projects with long-standing problems, such as the property at the former Camp Gonou in Thessaloniki. Today, we are launching, on behalf of GAIAOSE, the tender for a very important project, which, in combination with the project for the development of a similar centre in Fili, which is already underway, will contribute to establishing Greece as a logistics hub. Northern Greece will acquire a modern business park that will offer higher-quality services in the combined transport sector, with substantial benefits for the local community and the national economy. The Strategic Significance Contracts Unit of the Hellenic Investment Fund, as a trusted advisor to the state, continues to consistently implement projects of great importance to attract investment and improve the competitiveness of the Greek economy."

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