Improved financial offer of 40.2 million euros from REDS S.A. for the development of part of the former Gournes property, in Heraklion, Crete.
The price, defined through the electronic auction process (e-Auction) conducted by the Hellenic Republic Asset Development Fund (HRADF) , is now higher than the 26.6 million of the first bid.
The company owned by the ELLAKTOR Group is the highest bidder of the former US base in Gournes, Heraklion, Crete, for which four interested parties submitted bids. The other three interested parties were: CLUB HOTEL CASINO LOUTRAKI SA – LYKTOS HOLDING SA, DIMAND S.A., VIVION INVESTMENTS S.à.rl.
The e-Auction was held today and created a competitive environment of offers and transparency, with the improved offer of RED S.A. to be set at 40.2 million euros (Net Present Value).
The Board of Directors of HRADF will soon convene to ratify the e-Auction process result.
The real estate property in Gournes, Heraklion, Crete consists of a beachfront land plot of 345,567 sqm located 13km from the airport “Nikos Kazantzakis” and 16 km from Heraklion. During the last 20 years, land plots neighboring the property have been developed, the Hellenic Centre for Marine Research, the Cretaquarium Thalassocosmos, the International Exhibition and Conference Centre of Crete, etc.
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