GAIAOSE: Larissa, Platamonas, and Katakolo stations set for redevelopment

The initiative forms part of the company’s strategy to leverage the country’s railway real estate assets through mixed-use developments, which can serve as catalysts for urban regeneration, the strengthening of local economies, and the improvement of quality of life in the areas where they are located.

The invitations for expressions of interest represent the initial stage prior to the official tender procedures and aim to collect proposals, ideas, and investment approaches from the market.

Larissa: Development of a 233-acre site in a strategic location

Larissa Railway Station is one of Greece’s most important railway hubs and is located in close proximity to the city centre.

The property designated for development extends over approximately 233 acres, making it one of the largest contiguous urban development areas in the country. The site includes, among other assets, the historic building of the former freight warehouse, as well as extensive inactive railway facilities.

The development plan envisages the creation of a multifunctional complex incorporating uses such as:

• hospitality,
• residential development,
• retail,
• office space,
• cultural facilities,
• leisure and recreation.

The objective is to reconnect the city with the railway network and create a new landmark for the modern urban development of Larissa.

Platamonas: Tourism development of a historic railway station

Platamonas Railway Station is located in a particularly advantageous position, at the centre of the settlement, within a short distance of the coastline and at the foothills of Mount Olympus.

The property under consideration for development covers approximately 16 acres and includes the historic listed station building, as well as the remaining listed buildings and facilities of the complex.

GAIAOSE seeks to develop a new visitor destination that will combine:

• tourist accommodation,
• food and beverage services,
• cultural activities,
• leisure facilities,
• commercial uses.

The redevelopment of the property is expected to further enhance the appeal of one of Northern Greece’s most significant tourist destinations.

Katakolo: Connecting cruise tourism with Ancient Olympia

The redevelopment of Katakolo Railway Station is also of particular importance, as it serves as the starting point of the tourist railway route Katakolo – Pyrgos – Ancient Olympia.

The property is located in the centre of the settlement, adjacent to the cruise port, which welcomes a significant number of visitors from around the world every year.

The development area extends to approximately 13 acres, with its key advantage being the potential to create an integrated tourism destination linking the cruise experience with the railway journey to Ancient Olympia.

At the same time, the development of synergies with the neighbouring port property is being explored, as this asset is also undergoing a utilisation process, with the aim of creating a broader investment strategy.

Advanced planning for future investments

GAIAOSE has already undertaken significant preparatory actions for the three properties, including:

• topographical and urban planning studies,
• strategic environmental assessments,
• financial evaluations of alternative development scenarios.

The relevant files have already been submitted to the competent authorities for the approval of the required regulatory framework, including the Presidential Decree defining land uses and building conditions.

Through this approach, the company aims to ensure that future investments are based on mature planning and clear development strategies.

Interested parties are invited to submit proposals and comments by 15 October 2026, which will be taken into consideration during the subsequent stages of the tender process.