Environmental terms approved for HIG-backed mega investment in Aspropyrgos

The mega logistics center being developed on the site of the former Halyvourgiki steelworks, at the 17th kilometre of the New Athens–Corinth National Highway, covering a total area of approximately 291 acres, aspires to become one of the most important intermodal transport hubs in the wider Southeast European region.

The project has already been included in the Strategic Investments framework under Law 4864/2021.

The property is divided by the national highway into two distinct sections. The northern section, covering approximately 238 acres, will host the main logistics facilities and has direct access to the national railway network, providing connections to Thessaloniki, Patras, and other major freight centres in the country.

The southern section, covering 53 acres, has a waterfront of approximately 400 metres on the Bay of Elefsina. This area is planned for the development of a vessel docking pier, as well as the necessary port infrastructure for the handling and transport of container cargo by sea, enhancing the project’s multimodal character.

The two sections will be connected via an elevated bridge of over 250 metres, which will pass above the national highway and enable the safe and uninterrupted movement of goods and vehicles between the two facilities.

Planned facilities

As part of the investment, four modern warehouses and supporting facilities are planned, with a total area of approximately 133,390 square metres.

In addition, a multi-purpose building of 27,900 sq.m. will be constructed, including administrative offices, staff and visitor facilities, a clinic, a restaurant, as well as a small hotel unit to meet the operational needs of the complex.

The development also includes a multi-storey parking building of 26,400 sq.m., as well as extensive areas for the handling and parking of trucks and commercial vehicles.

The warehouse facilities will handle packaged, non-hazardous goods, such as long-life food products, beverages, personal care items, cleaning products, electrical appliances, medical devices, and generally goods that do not require special storage or refrigeration conditions.

According to the study, no industrial production is planned within the complex. Activities will be limited primarily to storage, distribution, packaging, and certain supporting assembly operations.

Major infrastructure and sustainability measures

The project includes a total of 124 berthing positions, extensive loading/unloading and parking areas, as well as approximately 174 truck service spaces within the warehouses.

Particular emphasis is also placed on sustainability. More than 1,200 trees are planned to be planted across a total area exceeding 33,000 sq.m., aiming to improve the microclimate and enhance the environmental performance of the complex.

In parallel, a large-scale photovoltaic system with a capacity of 19.56 MW will be installed on the roofs of the buildings. The installation will include more than 27,000 solar panels and is expected to cover a significant portion of the centre’s energy needs, reducing its environmental footprint.

Additional provisions include dedicated charging areas for electric forklift vehicles, while the main cargo handling equipment will rely on electric transport and lifting systems.

A new logistics hub for the supply chain

With storage capacity exceeding 1 million cubic metres of dry cargo and the ability to employ around 200 workers across two shifts, the project is expected to become one of the largest logistics infrastructures developed in Greece in recent years.

The strategic location of the site, combined with its connection to road, rail, and sea transport networks, creates the conditions for transforming the area into a powerful international transshipment hub.

HIG Capital’s investment presence

The investment is being implemented by STREEM DEVELOPMENTS S.A., a member of OB Streem under HIG Capital.

HIG Capital has established a strong presence in the Greek market through its activities in logistics via STREEM Global and in tourism through Ella Resorts.

According to market data, the group’s total investments in Greece have already exceeded €1.5 billion including leverage, ranking the US investment firm among the most active foreign investors in the country.

With the recent approval of environmental terms, the project now enters a new phase of maturity, bringing closer the realization of a modern cargo centre that aspires to significantly upgrade logistics infrastructure in Attica and strengthen Greece’s role in international supply chains.