The Hellenic Republic Asset Development Fund (HRADF), announces that four Interested Parties have submitted Offers for the exploitation of part of the former U.S. military base of Gournes inHeraklion, Crete.
In particular, Offers were submitted by the following Interested Parties (in alphabetical order):
1. COMER GRUP, CLUB HOTEL CASINO LOUTRAKI S.A.– LYKTOS HOLDING S.A.
2. DIMAND S.A.
3. REDS S.A.
4. VIVION INVESTMENTS S.à r.l.
The review of the documentation submitted in order to verify that they are in line with the terms specified in the Request for Proposal will begin immediately. Shortly after, the Board of Directors of HRADF will unseal the Financial Offers in accordance with the applicable procedure. HRADF may further ask for improved Financial Offers as per the rules of the Tender Process. According to sources familiar with the matter, more than ten investment schemes are expected to claim the property that spans on a 600m long coastal front and has unrestricted views of the Cretan Sea.
Who is Who
Comer Group
The Comer Group is one of the United Kingdom's largest and most successful property companies. Currently they are active in Europe and in the United States as investors & developers in the sectors of luxury residential homes, office parks, retail parks, hotels and leisure facilities. In Greece the group purchased the 81% of the Club Hotel Loutraki S.A on the summer of 2020.
Lyktos Holdings
Lyktos Holdings is a well-known company providing Wealth Management Consulting Services. In exclusive collaboration with the international financial consultant Euroxx offers personalized solutions and investment strategies, depending on the desired level of risk.
Dimand S.A.
Dimand S.A., is one of the leading Real Estate Providers in Greece offering highly integrated services across the full property lifecycle. Operating both as proprietary and/or fee developers covers a wide range of services, including project and construction management, retail expansion management, technical advisory and facility management. Founded in 2002, has a large track record of delivering highly complicated projects like AEK’s football court in Nea Philadelphia, the reconstruction of Tower Building, the reconstruction of prior buildings of “Papastratos” in Piraeus etc.
REDS S.A.
REDS S.A., member of ELLAKTOR GROUP and listed on the Athens Stock Exchange, is one of Greece's leading real estate development companies. The company is currently active in Greece and Romania, with award-winning projects portfolio. Their investment interest is focused on the development of Commercial Parks, Commercial & Amusement Centers, Organized Residential Complexes, Exhibition Centers as well as Office & Mixed-Use buildings.
Vivion
Vivion is a Real Estate Company based in Luxembourg. Currently they are holding a Portfolio of €3.4bn total volume in two of Europe’s strongest economies, Germany & United Kingdom. The portfolio comprises well located office-led properties throughout major cities in Germany and leading hotels in high-demand locations in the UK.
It is noted that according to the Special Development Zoning Plan the asset can redeveloped into a mixed use project with tourism infrastructure, casino and theme park. According to the HRADF, in the adjacent areas of the property have been developed in the last 20 years, the facilities of the Hellenic Center for Marine Research, the Aquarium "Thalassocosmos" (Cretaquarium Thalassocosmos) and the International Exhibition and Conference Center of the Municipality of Crete.
The property is located in the immediate vicinity of the beaches of Hersonissos and the city of Heraklion and therefore in its wider area there are developed activities (commercial, tourism, leisure and holiday home), while it has contact (front 320m) with the old National Road Heraklion-Agios Nikolaos and has direct and easy access to the North Road of Crete.
Its distance from the port and the city of Heraklion is 16km, 13km from Heraklion International Airport "N. Kazantzakis" and 20 km from the New International Airport which is planned to be developed in the settlement of Kastelli in the next five years.
