The tender for the Gonos camp has been extended for one more week, as, according to reports, there is very strong investor interest. Indeed, the same information wants the potential suitors to reach up to 5, with major players among them. 

WHAT THE INVESTORS ASKED FOR

It is noted that the new extension, until 23 December, of the deadline for expressions of interest for the first phase of the Hellenic Republic Asset Development Fund's tender follows on from two more that were previously announced, as investors have asked for more time to mature, prepare and more information. In recent statements, Panagiotis Stamboulidis, Executive Member of the Board of Directors and Executive Advisor to the Hellenic Republic Asset Development Fund, had noted that the tender "has attracted the interest of investors—heavyweights from the logistics sector—for its creation," while he had estimated at €800 million. the resources to be directed both from available funds and from private leverage to the investments for the construction of the two logistics centres, at the Gonou camp and Fili.

THE PROJECT 

The project concerns the development of a business park with a total area of 672.000 sq m on the site of the former Gonos Camp in Thessaloniki. The aim is to develop the property at the former Gonou Camp as a modern combined transport freight centre, which will serve as a host for business activities 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.

THE PROCESS IN TWO PHASES

The duration of the concession Contract will correspond to a minimum of 30 years, the project budget is estimated at around €260 million and will create 3 000 direct and indirect jobs. 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 Invitation to Tender. The competitive procedure will be conducted 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.