LAMNIDIS LAW Advises HRADF in Landmark Coastal Property Investment Near Thessaloniki

We are delighted to announce that LAMNIDIS LAW advised Hellenic Republic Asset Development Fund in the successful tender process of the exploitation of a coastal property of 162.409 sq.m. near Thessaloniki. MATENISA TRADING CO. LTD ranked first in the tender process and was declared as the Preferred Investor with an offer amounting to 19.5 million euros. The final, improved offer is 140.7% higher than the starting price, which stood at 8.1 million euros. This step marks the beginning of a significant investment in the area renowned for its high tourism potential, while multiple benefits shall be created for the local community. Nikos Pittas, Katerina Loukopoulou and Thomas Lamnidis advised the Hellenic Republic Asset Development Fund throughout the international tender process, while National Bank of Greece and ASPA KST architecture design planning acted as Financial and Technical Advisors to HRADF respectively. Congratulations to all for the great teamwork that brought a landmark result for HRADF