HPPC: Four Binding Offers Submitted for the Lease of Vouliagmeni Beach

10/12/2025 | Press Releases

10/12/2025

The Hellenic Public Properties Company (HPPC), a subsidiary of the Growthfund, announces that today, Wednesday 10 December 2025, four (4) binding offers were submitted and opened in a public session before HPPC’s Tender Committee, as part of Phase B of the tender process for the lease of the “Vouliagmeni Beach” property.

The following entities submitted offers, in order of submission:

  1. Fais Group S.A. 
  2. Consortium: EVERGOOD Single Member Holdings & Investments S.A. – Gevsinous S.A. 
  3. Consortium: REDS Single Member Real Estate & Services S.A. – Apothikes Aigaiou S.A., under the distinctive title “Vouliagmeni Beach Management & Exploitation Consortium” 
  4. Air Canteen S.A.

It is noted that the tender concerns the long-term lease of the only organized beach currently available for development and operation within the Municipality of Vari–Voula–Vouliagmeni, for a period of twenty (20) years, with the option of a ten (10)-year extension. The property covers a total area of 72,767.71 sq.m., with a permitted building capacity of 2,000 sq.m., including existing facilities such as the landmark former “Okeanis” restaurant, while the seafront spans 638.5 meters.

“Vouliagmeni Beach” is the most popular organized and accessible beach of the Athenian Riviera, located just 25 kilometers from the city center. Its unique natural landscape, crystal-clear waters and existing leisure infrastructure attract thousands of visitors throughout the year. In 2024, it welcomed 420,000 visitors, with daily capacity reaching up to 8,000 people.