Tender for 36,000 HPPC Properties on its way
Tender for 36,000 HPPC Properties on its way
  Investments  |  Economy  |  Legal  |  Greece

Tender for 36,000 HPPC Properties on its way

Project management preparations are already underway.
RE+D magazine
17.07.2024

Launching one of the largest tenders in recent years, Growthfund and the Hellenic Public Properties Company (HPPC) are set to revolutionize public property utilization. This tender involves mapping, segmenting, valuing, and maturing approximately 36,000 public properties managed by HPPC.

This groundbreaking initiative aims to optimize these assets, turning dormant properties into economically beneficial ones. The international tender will soon commence, focusing on a framework agreement for these tasks, with project management preparations already underway.

The tender involves the mapping, segmentation, valuation, and maturation of approximately 36,000 public properties managed by HPPC. his initiative marks a groundbreaking effort to systematize and optimize these assets. 

Growthfund, HPPC, and the Greek State will collaboratively determine the potential uses for these properties, aiming to transform “dormant” assets into economically beneficial properties. 

The international tender for these 36,000 state properties is to begin shortly, centered around a framework agreement for mapping, segmenting, evaluating, and utilizing these assets. Initial preparations are already in motion, with the project management bidding process underway. 

Up to nine companies or consortia will categorize and assess at least 1,000 properties each, with a goal of appraising 7,000 properties within three to four months.

This framework is not only expected to yield significant immediate benefits but also to serve as a model for future public property utilization efforts. Growthfund is dedicated to enhancing the management and development of public real estate through this initiative, employing modern methods and adhering to efficient timelines.