The Greek Deal.com
GROWTHFUND
Five flagship projects relaunched in 2024 - Revenues of 68.8 million
2024 was a landmark year for the Public Real Estate Company (RTF)—a subsidiary of the Growth Fund—as it marked a period of dynamic growth, strategic investments and the relaunch of emblematic projects.
Appointed Ioannis Papachristou as new CEO
The Corporate Governance Council (CGB) of the GrowthFund based on its responsibilities, has decided to appoint Mr. Ioannis Papachristou for a four-year term of office effective from 4 March 2025.
Tender for Hellenic Defence Systems development extended for one week
The tender of the Strategic Contracts Unit of the Growth Fund for the divestment, disposal and utilization of the declassified equipment of the Hellenic Defence Systems has been extended until 11/02/2025, Tuesday at 15:00, i.e., one week later than originally planned.
Participation in the NSRF projects of Thessaly
Panagiotis Stamboulidis, representing the GrowthFund, referred to the projects that are currently underway with the direct objective, among others, of upgrading the country's operational capacity in the face of climate change in the context of the 1st Forum for Thessaly, which is being held today in the city of Volos.
Two binding offers for the development of the Vasilitsa ski resort
Two binding bids in the tender for the development of the National Ski Centre of Vasilitsa were received by the Growth Fund on Friday, 24 January 2025.
Sub-concession of the commercial port in Kavala - €34million euro price
Growthfund announces that today, Friday, the handover-acceptance protocol between the Kavala Port Authority and the sub-concessionaire company "SARISA Sub-concession of Kavala Port Filippos II S.A.
Launch of a tender for the restoration of the OAKA's surroundings
The Strategic Contracts Unit (Project Preparation Facility - PPF) of the Growthfund announces the launch of the tender for the rehabilitation and upgrading of the Athens Olympic Sports Centre (OAKA), with a total budget of €11.5 million (plus VAT).
14% revenue growth - The 2025-7 strategic plan
The Growth Fund achieved a significant organic value creation for the Greek economy of €700 million over the period 2022-2024, with a 14% increase in revenues, while for the same period it received €317 million in dividends and returned €186 million to the state.
Full operation of the National Investment Fund in the second half of 2025
The 2nd Growth Fund Summit highlighted the potential of the country's new National Investment Fund, which aims to attract private capital, develop into a growth driver, and establish Greece as an investment destination.
Sovereign Wealth Fund established - BlackRock as advisor
The strategy for its transformation as the Sovereign Wealth Fund is being implemented by the Growth Fund, aiming to maximise public wealth by establishing a new specialised subsidiary that will invest in key economic sectors in Greece.
Upcoming projects, TIF and the Corinth Canal
The registration and development of the properties of the Hellenic Public Properties Company, the redevelopment of the TIF, and the development project in the Corinth Canal are among Growthfund's priorities, according to Stefanos Theodorides, Chairman of the Board of Directors.