Two advertisements in the UK’s Financial Times newspaper that were placed by the Hellenic Republic Asset Development Fund (HRADF) invite bids to operate two marinas. The marinas in question are the 1,100-berth Alimos Marina, the largest in Greece, and the 170-berth Chios Marina.

The advertisements invite Expressions of Interest (EOIs) for companies to participate in an international public competitive bidding tender process. The concessions allow the winning bidder to “use and exploit the marina assets for a consideration payable to HRADF for a duration of at least 35 years.”

Alimos Marina is the biggest such facility in the Balkans with 1,100 berths for yachts up to 40m (131ft). Its strategic location as part of the Athens urban area and its big land zone are competitive advantages for its development. Today the marina operates mainly as home port for numerous small tourist sailing boats (bare boats). The land area is 210,000sq m.

The deadline for EOIs to be submitted is December 19, 2017. Advising HRADF in the transaction is Ernst & Young, covering financial aspects, Dracopoulos Vasalakis and Your Legal Partners for legal issues, and Marnet on technical aspects.

With regards to Chios Marina, which is located on the northern side of the coastal zone of the municipality of Chios, the deadline for EOI submissions is December 20, 2017. The marina has 200 berths for yachts up to 30m (98.5ft) and a land area of 27,000sq m. Advising HRADF for this transaction will be Kantor for financial matters, P Sfikakis & Associates Lawyer Co for legal issues, and Marnet for technical issues.