The HRADF Board of Directors, a member company of the Superfund (EESYP) during its meeting today approved the result of the electronic auction (e-Auction) for the submission of improved financial bids, for the utilization of part of the former US base in Gournes, Heraklion, Crete.
It, then, announced REDS S.A. as the First Eligible Investor, as it outbid in the e-Auction with an improved bid totaling 42,237,679.20 euros (Net Present Value 40.2 million euros).
The e-Auction created a competitive environment of bids and transparency, leading to high prices, with the improved bid being 77.8% higher than the starting price, which had reached 22.6 million euros.
The tender dossier will be submitted to the Court of Auditors for pre-contractual audit.
In the tender for the property development in Gournes on behalf of HRADF, Eurobank and Cerved Real Estate Services act as financial advisors, Potamitis Vekris Law Firm as legal advisor and Decathlon and Cerved Real Estate Services as technical advisor. The e-Auction process was carried out through the electronic platform managed by Eurobank Holdings.
The real estate property in Gournes, Heraklion, Crete is 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.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
