Hellenic Parliament favorite bidder for lease of historic Megaro Bodosaki building

According to information, the Hellenic Parliament is in exclusive negotiations for the lease of the Bodosaki Megaron building, which was selected as the preferred investor after the evaluation of the binding offers.

In this context, a special committee is to be formed, where the terms of the agreement will be discussed and fixed.

The proposal of the Parliament foresees the payment of rent of 2.9 million euros on an annual basis or 255,000 euros to 260,000 euros per month for a period of five to ten years.

The Parliament, if everything goes smoothly, intends to transfer to the emblematic property several of its services that are currently housed in various places in the wider area of the center. In this way, as sources in the know say, it will save resources while having better supervision of its services, since they will be concentrated in one building.

The duration of the lease, as well as the price, are subject to negotiation. In no case, however, the Parliament is going to give more money than it currently spends on housing its services in the different parts of the center of the capital.

The bidding process

It is recalled that the process of leasing the historic building started at the beginning of the summer.

The submission of the binding offers by the prospective investors, which was accompanied by a letter of guarantee to the amount of 1 million euros, was completed about ten days ago and the evaluation by the Bodosakis Foundation and the consultant of the process, Savills HELLAS, began.

The building housed Eurobank’s headquarters for many years. The bank, which is moving to a privately owned building on Stadiou street, will have to vacate the Bodosakio Megaron by the end of the year.

Among the proposals that the Foundation has accepted for the way to utilize the property, in addition to offices, is its conversion into a hotel.

Designed by Ploumistos

The symmetrical corner Bodosakio Megaron on 20 Amalia Avenue and 5 Souri Avenue is an emblematic building in the history of Athens. It bears the signature of Andreas Ploumistos, a founding member of the Hellenic Architectural Society and combines classical and modern architectural elements with high aesthetics.

Its construction began in 1949 and was completed in 1958, with a total area of 12,819 sq.m. and 6 floors. The building has an unobstructed view of the National Garden, but also of the important landmarks of the city center: Lycabettus, the Parliament, the Kallimarmaro Olympic Stadium, the Columns of Olympian Zeus, and the Acropolis.