The HRADF Board of Directors, a member company of the Superfund (EESYP) during its meeting today approved the result of the electronic auction (e-Auction) for the submission of improved financial bids, for the utilization of part of the former US base in Gournes, Heraklion, Crete.
It, then, announced REDS S.A. as the First Eligible Investor, as it outbid in the e-Auction with an improved bid totaling 42,237,679.20 euros (Net Present Value 40.2 million euros).
The e-Auction created a competitive environment of bids and transparency, leading to high prices, with the improved bid being 77.8% higher than the starting price, which had reached 22.6 million euros.
The tender dossier will be submitted to the Court of Auditors for pre-contractual audit.
In the tender for the property development in Gournes on behalf of HRADF, Eurobank and Cerved Real Estate Services act as financial advisors, Potamitis Vekris Law Firm as legal advisor and Decathlon and Cerved Real Estate Services as technical advisor. The e-Auction process was carried out through the electronic platform managed by Eurobank Holdings.
The real estate property in Gournes, Heraklion, Crete is consists of a beachfront land plot of 345,567 sqm located 13km from the airport “Nikos Kazantzakis” and 16 km from Heraklion. During the last 20 years, land plots neighboring the property have been developed, the Hellenic Centre for Marine Research, the Cretaquarium Thalassocosmos, the International Exhibition and Conference Centre of Crete, etc.
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