• On December 21, 2015,
a new international
tender was launched for the development of the
properties in Rome, Ljubljana and Pretoria, with
February 1st, 2016 as the deadline.
• On December 23, 2015,
HRADF announced
the launch of an international tender
process for the exploitation of the
Vartholomio Estate, a land plot area in Ilia
on the west coast side of Peloponnese,
with a total area of almost 0.95 hectares.
The property will be used for the con-
struction of a 18-hole golf course and
supplementary tourist operations.
• The tender for the exploitation
of a
property in the Poseidi Kalandra area, in
Chalkidiki, is underway. The property is
suitable for the development of holiday
homes, high-end hotels, and leisure facil-
ities.
• On December 31, 2015
, following a
negotiation with the Investors, the Fund
signed an agreement with Jermyn Street
Real Estate Fund IV LP for the develop-
ment of “Astir Palace Vouliagmeni SA”.
The procedures for the sale of TRAIN-
OSE and ROSCO are underway. It should
be noted that successfully completing the
privatisation of the two companies is of
crucial importance. The reason is that the
liberalisation of the railway services mar-
ket is expected in 2016, and TRAINOSE
will have to face competition.
Moreover, the company is burdened by a
European Commission ruling on state sub-
sidies, which will be lifted only if it is priva-
tised. This means that the interest shown
by major foreign investors must be utilised,
and the relevant procedures must move
on.
The final stage of the tender for the
Thessaloniki Port Authority (OLTh) is
reportedly expected within the next few
months. Initially, there are 8 interested
parties (APM, Deutsche Invest, ICTSI,
Duferco Participation, Mitsui & Co, P&O
Steam Navigation, Russian Railways JSC
/ GEK TERNA S.A. and Yilport Holding) .
Negotiations for the extension of the con-
cession of the use of the Spata airport to
“Athens International Airport Eleftherios
Venizelos SA” for another year are expect-
ed to begin soon.
The government’s objective, as part of the
memorandum’s stipulations, is to have the
agreement for the extension of the conces-
sion completed within 2016, thus deferring
to the future its other commitment for the
sale of a 30% stake in the Athens
International Airport, owned by the
HRADF.
Trade with Greece
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