General Information

Faliro Olympic Complex, Zone III

Property ID: 109616

Carrier: HPPC
Type of Property: Large Property
Auction Status: Auctioning Now - Phase A
Transaction Category: Lease
Payment Method: Installments

Auction Information

Auction Type: Standard
Bidding Opens: 19/10/2023 18:00:00
Bidding Ends: 15/03/2024 14:00:00
Starting Bid: €2,400,000
Minimum Bid Increment: 5%

Auction ID: Q109616

Time Remaining (DD/HH/mm/ss):
Address Information
DistrictFaliro Olympic Complex
Street Address2, Moraitini str., Palaio Faliro
Postal Code17561
Property Information
Land Square Meters152,591.18
Building Square Meters14,300.00
DescriptionThe asset is located at an exceptional spot of the Athenian Riviera, 8km from city center and 4km from Piraeus port. It consists of: 1) Tae Kwon Do (Faliro) Indoor Hall: a landmark of the "Athens 2004" Olympic Games, an established cultural venue hosting artistic performances of demanding technical and aesthetical requirements. 2) Glass Building: linear, two-floor building, overlooking the Faliro Bay, 3) Plateia Nerou: open-air seafront venue usually used for concerts.4) Esplanade: bridge connecting the urban landscape, through SNFCC, with the seafront, marking the exit towards the sea. (exclusively the facilities which are located under the bridge are included in the scope of the tender). The starting price concerns the annual rent and is set at €2.4M (5% tender step). Furthermore, a lump sum consideration of €2Μ and a minimum investment obligation of €22Μ are expected. Investment advisors: Financial: Deloitte Business Solutions SA Technical: SALFO & Assoc. Legal: PotamitisVekris Law