Athens, March 31, 2026
Growthfund announces that five (5) investment schemes have submitted Expressions of Interest in the international tender for the concession of the right to use, operate, manage and commercially exploit the Marina of Kalamaria.
In particular, the following investment schemes expressed interest (in alphabetical order):
1. AVAX Group.
2. Lamda Marinas.
3. R.E.D.S. S.A.
4. Technical Olympic S.A.
5. TEKAL S.A.
The concession period is set at a minimum of 35 years, and it may be extended for an additional ten (10) years.
Following the completion of the evaluation of the Expressions of Interest, the interested parties that meet the prequalification criteria will be invited to participate in Phase B of the tender process, during which they will submit binding offers.
For the development of the marina, Growthfund has prepared a Strategic Development Plan (Master Plan), with particularly mild building terms, which was approved by Presidential Decree following review and approval by the Council of State in 2023. The spatial planning of the marina was finalised by a joint ministerial decision of the Ministers of Environment and Energy and Tourism in October 2025, approving the environmental terms of the project.
According to the Presidential Decree, permitted uses within the marina include tourism and leisure activities, as well as onshore storage and maintenance of vessels. It also provides for the development of open-air areas, pedestrian and sports walkways, as well as green spaces, all of which will be freely accessible to the public. In addition, an increase in the marina’s capacity is provided for, to a total of 327 berths for vessels up to 40 meters in length.