Launch of the First Phase of the Tender – Submission Deadline: May 15, 2025
The Hellenic Public Properties Company (HPPC) S.A. is pleased to announce the launch of the tender process for the long-term lease of Vouliagmeni Beach. Interested parties are invited to participate in the first phase of this competitive procedure.
This tender presents a unique opportunity to lease the only organized beach within the Municipality of Vari-Voula-Vouliagmeni for a 20-year period, with the option of a 10-year extension. The property spans 72,767.71 sq. m., featuring a 2,000 sq. m. permissible construction area, including existing facilities such as the iconic “Oceanis” restaurant. The 638.50-meter seafront offers a prime coastal location, making it an exceptional investment prospect.
A Prime Location with High Visitor Demand
Located just 25 km from Athen’s city center, Vouliagmeni Beach is the most visited and easily accessible organized beach on the Athenian Riviera. Renowned for its natural beauty, crystal-clear waters, and well-developed recreational infrastructure, it attracts thousands of visitors year-round. In 2024 alone, the beach welcomed 420,000 visitors, with a maximum daily capacity of 8,000 guests.
A Strategic Investment for Sustainable Growth
This initiative aims to enhance service quality and expand facilities, catering to both existing and new visitors, including families, children, and sports and water activity enthusiasts. Upgraded experiences will contribute significantly to the ongoing development of the Athenian Riviera, positioning Vouliagmeni Beach as a premier year-round destination for leisure and recreation.
The redevelopment of the historic “Oceanis” restaurant also presents an exceptional opportunity to establish a high-end dining and hospitality venue, further enriching the visitor experience while maintaining accessibility for both locals and tourists.
Call For Investors
HPPC S.A. is seeking visionary investors with the expertise and ambition to unlock the full potential of this exceptional beachfront location. The company’s objective is to enhance both the functionality and aesthetics of the area, ensuring environmental sustainability while delivering superior visitor experiences.
The project is committed to sustainable development and will be executed in collaboration with the Municipality of Vari-Voula-Vouliagmeni and other key stakeholders to ensure seamless integration into the natural landscape and local community.
Tender Process
The tender will take place in two phases:
- Phase A: Interested parties must submit an Expression of Interest, after which potential investors will be pre-selected based on predefined criteria. The full terms and conditions for this phase are available here.
- Eligibility: Individuals, legal entities, investment firms (including private equity firms), and investment funds are invited to participate. All interested parties must submit a non-binding Letter of Interest for the lease of Vouliagmeni Beach.
- Phase B: Pre-selected investors from Stage A will be invited to submit sealed binding offers. Detailed terms and conditions for this stage will be outlined in the Binding Offers Invitation.
Submission Deadline
The deadline for submitting an Expression of Interest is Thursday, May 15, 2025, at 2:00 PM.
