Three bids submitted on Alimos marina in key Athens Riviera project

In the latest attempt to develop the Alimos marina, in southern Athens, Greece's privatisation office said that it has received three binding bids from investors interested in operating the dock area for the next 40 years.

The privatising of the marina is seen as being a major step in further upgrading real estate in the city's southern coastal stretch, known as the Athens Riviera, where demand for property has been increasing in recent years.

The Hellenic Republic Asset Development fund (HDRAF) said that binding offers were submitted from Aktor Concessions, Aviareps-Cosmos Consortium and Lamda Dogus Marina Investments. Lamda is the company that is leading the consortium to build the eight billion euro Hellinikon complex, which is right next door to Alimos. Turkey's Dogus is among the investors that owns the Four Seasons hotel, which also sits on the Athens Riviera.

The Alimos marina will be tendered off in an e-auction to be held in March, the agency added.

It is Greece's second attempt to privatise the asset. A previous tender had failed to draw investors as the Alimos marina had been grouped together with other smaller marinas in the Saronic Gulf in a single privatisation deal.

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