The two-storey building at Alexandroupolis.Photo source: ETAD
Greece’s Public Properties Company (ETAD), a subsidiary of the Hellenic Corporation of Assets and Participations (Growthfund), has launched a series of tenders to redevelop and utilize inactive properties across the country.
The initiative targets centrally located properties with strong potential for investors and local economic growth.
Three landmark properties are currently up for sale or long-term lease:
– Nafplio: A historic building in the Old Town is being offered for long-term lease, suitable for tourism or commercial use. The project aims to support the area’s revitalization and contribute to the local economy. (see more here)
– Alexandroupoli: A two-storey listed building with a basement, located near the port, is up for sale. Its distinctive character offers significant investment opportunities. (see more here )
– Agios Nikolaos on Crete: A former four-storey C-class hotel in Lasithi with 25 rooms, situated close to the beach, is also on the market. The property presents potential for tourism development in the region. (see more here)
According to ETAD, the tenders are part of a broader strategy to bring inactive properties back into productive use. Through sales, leases, or concession agreements, the company seeks to reduce the risks associated with abandoned buildings, lower management burdens, and attract private investment.
The initiative also aims to stimulate local markets and enhance social and cultural life, in cooperation with municipalities and local institutions.
By promoting the redevelopment of strategically located properties, ETAD is positioning these assets to generate economic benefits, attract visitors, and strengthen communities.
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