The State Property Company (ETAD), a subsidiary of the Superfund, has set as a priority the revival and utilization of inactive properties, which had fallen into its portfolio and require immediate and significant interventions.
In this context, three tenders are underway that concern emblematic properties in different areas of the country. Specifically:
A tender is underway in the Old Town of Nafplio for the long-term lease of a historic property, which is suitable for tourist or commercial development, with the aim of reviving the area and stimulating the local market. The open tender began on August 21, 2025 and will end on September 30, 2025. The starting price has been set at 28,200 euros, with a minimum bid step of 5%.
In Alexandroupolis, ETAD has for sale a two-story listed building with a basement in a central location near the port. This is a property with special characteristics and high investment value and is available in the first phase of an open tender, with payment in cash. The bidding process began on August 7, 2025 and will end on October 7, 2025. The starting price has been set at 260,000 euros, while the bid step is 5%.
A tender has been announced in Agios Nikolaos, Lassithi, for the sale of a four-story former third-class hotel with a capacity of 25 rooms, at 6 Idomeneos Street, in a central location near the beach. The property represents a significant opportunity for tourism development in the area. The bidding process began on August 7, 2025 and will be completed on October 7, 2025. The starting price has been set at 300,000 euros, with a bid step of 5%.
These initiatives are part of a comprehensive plan to develop the portfolio of inactive properties throughout Greece. ETAD, through the sale, lease or concession of use, seeks to:
eliminate risks associated with abandoned buildings,
reduce administrative burdens for the company,
mobilize investments and create leverage in the local market,
enhance social and cultural life through partnerships with Municipalities and organizations.
In this way, ETAD not only manages inactive properties that pose risks, but also actively contributes to sustainable development, the local economy and the promotion of the real estate in its portfolio for the benefit of citizens and society.
