AKTOR secures PPP project for Ladopoulos Paper Mill redevelopment

The project concerns the creation of a multi-purpose cultural, social, and administrative centre that will mark a major urban regeneration for the southern part of the city and will connect the waterfront with the urban fabric.

The total budget amounts to €67.33 million, excluding VAT. Of this, €42.33 million will be covered through private sector participation, while the remaining €25 million will be financed by the Recovery and Resilience Facility under the Next Generation EU programme.

According to the plan, out of a total area of 41,790 sq m, 24,650 sq m are designated for administrative services, 8,800 sq m for educational activities, including the relocation of the music school as well as the creation of a youth studio, dance halls, and spaces for a branch of the Municipal Conservatory. A further 1,000 sq m will be allocated to cultural functions, 1,920 sq m to food and beverage areas, and 5,450 sq m to other uses intended to meet municipal needs. At the same time, a nursery school will be established to serve the needs of the neighbourhood and the employees of the new facilities.

The historic Ladopoulos industrial complex in Patras began operations in 1929 under Evangelos G. Ladopoulos, who moved to Patras from Smyrna at the age of seven in 1890. It was one of the largest industrial units in the country.

It ceased operations in 1991, with the facilities passing into the ownership of the municipality, which acquired the complex of 13 buildings (totaling 44,500 sq m) on a 58,000 sq m plot in 1998 for 1.62 billion drachmas.

The former Ladopoulos factory site has been leased by the municipality to the Region of Western Greece for 30 years.