For­est map snags Porto Heli pro­ject

Kathimerini English - - Focus - BY ILIAS BELLOS

In­vestors in­ter­ested in the con­ces­sion of a 627,000 square me­ter plot on Ververoda, near Porto Heli on the eastern coast of the Pelo­pon­nese, are wait­ing for the area’s forestry map to be drawn so that they know what and where they could build.

The prop­erty, which is owned and man­aged by state sell-off fund TAIPED, has been up for grabs since late 2015, but the fund froze the ten­der – with­out can­celling it – in May 2016 due to the pend­ing is­sues re­lated to the forestry au­thor­i­ties.

Mar­ket sources es­ti­mate that con­di­tions will have ma­tured in the next few months for a new dead­line to be set for bind­ing of­fers. The op- tion of de­lay­ing the ten­der was cho­sen to avoid the prob­lems seen in other con­ces­sion projects such as in Afan­dou on Rhodes and in Elliniko, south­ern Athens.

This par­tic­u­larly large prop­erty near Porto Heli has a spe­cial fea­ture: Be­sides be­ing able to host a ma­jor ho­tel com­plex, it can also have an air­port for pri­vate and small pas­sen­ger air­craft. This was the fea­ture that last year at­tracted a US in­vest­ment fund which is rep­re­sented in Greece by a US real es­tate agency. It also at­tracted other for­eign in­vestors who are ac­tive through realty com­pa­nies, a ma­jor Lon­don­listed real es­tate de­vel­op­ment firm, pri­vate eq­uity com­pa­nies from the US with con­sid­er­able hold­ings in Greece, as well as cer­tain Greek en­trepreneurs.

The draft zon­ing plan that in­vestors have seen pro­vides for a max­i­mum con­struc­tion sur­face of some 25,000 sq.m. The prop­erty’s de­vel­op­ment plan pro­vides for two zones: A sur­face area of 427,400sq.m. is pro­posed for tourism and en­ter­tain­ment pur­poses, with an ac­com­mo­da­tion com­plex and a nine-hole golf course, while a smaller, 200,000-sq.m. area can be used for the de­vel­op­ment of an airstrip. Ac­cord­ing to an opin­ion by the Civil Avi­a­tion Author­ity pre­sented to TAIPED, this plot may host a “type B” air­port with a run­way up to 1,500 me­ters long and 50 me­ter wide, plus a small pas­sen­ger ter­mi­nal of 3,000 sq.m. to cater for 70-80 pas­sen­gers per flight. Such an air­port could serve even medium-sized air­craft such as an Air­bus A318.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.