Driven by the squeeze on public finances due to the pandemic, the Greek government is speeding up the process of monetizing public assets.

In the first quarter of 2021, tender processes will be launched for a number of state properties, currently under the auspices of the Hellenic Republic Asset Development Fund (HRADF).
First in line are:

– the former U.S. Base in Heraklion, Crete. It is a coastal property at the Gournes village with an extensive 600m coastal front on a sandy beach and unobstructed view to the Cretan Sea.

Ververonta, Porto Heli, Peloponnesus. Porto Heli is one of the most popular tourist destinations of Argolida. It has developed tourist infrastructure, suitable in particular for owners of yachts

Porto Heli is mostly known as a destination area and for the holiday homes of high-income tourists

– the beach & Camping of Possidi, Halkidiki. The property has a 620 m front on a sandy beach, which during the summer months records a high number of visitors. Camping facilities and infrastructure have been developed on the northern section of the property.

Mikra, Thessaloniki Prefecture. The property is adjacent to the “Macedonia” Thessaloniki Airport and on the west there is the “KAPPA 2000” Centre for the Development of Culture of Adjusted Sports

Markopoulo Olympic Center, Attiki. In the 26.100 m2 Olympic Equestrian Centre in Markopoulo an integrated complex of open and closed facilities and infrastructures have been developed. It hosted the equestrian sports of the 2004 Olympic Games.

The HRADF proposal is to develop the property with uses of “Theme – Recreation Park” which allow the development of new activities, alongside the existing functions of a sporting nature.

– Six Hot Spring locations.

Edipsos Thermal Spring- The broader area of Loutra Edipsou, famous since antiquity for its thermal springs, has been since the early 20th century a popular place of therapy and summer holidays of international reputation.

The Greek government is taking steps for an overall, more effective management of public property. In this context, the Greek Minister of Finances, Christos Staikouras, talking to the Hellenic Property Federation, announced the development of “a strategic plan for the protection, professional management and investment development of public real estate that will horizontally cover the entire Public sector and companies of Public interest”. The plan is to be completed within 2021.

In the meantime, HRADF is trying to conclude long delayed privatization plans.

Last week, it launched an international public competitive tender process for the concession the marina of Kalamaria, in Thessaloniki Prefecture.
On Monday, HRADF announced that six interested parties submitted Expressions of Interest for the lease of the Larymna smelting plant, the Larymna and Loutsi mines and relevant mining rights and other assets owned by the Hellenic Republic.