Chios Marina Attracts Three Investment Schemes

The marina on the island of Chios has attracted three investment schemes, Greek state privatization fund HRADF (or TAIPED) said on Friday.

According to the fund, expressions of interest for the right to use and exploit the marina on Chios were submitted by the following three investment schemes:

1. Kasos SA – Kassos Real Estate Tourist and Commercial SA operates as the owner/manager of the 5-star Alimounda Mare Hotel, located on the island of Karpathos.
2. Pan Brothers Associates, INC. – New York-based Pan-Brothers Associates is an expatriate business offering real estate development, management and brokerage services. It was founded in 1972 by three brothers George, James and Peter Pantelides.
3. Avlum Enterprises Company Limited – Ioannis & Elias D. Tefas Nafpigoplastiki – Cleopatra Marina SA – Touristikos Limenas Prevezas SA
Ioannis & Elias D. Tefas Nafpigoplastiki SA provides tourist port services, wholesale and retail sale of shipping products and rental of pleasure boats.
Cleopatra Marina SA operates as owner/manager of the marina in Aktio, one of the most modern in Greece, offering first-class anchorages and services to ships and crew throughout the year.
The Touristikos Limenas Prevezas SA (Tourist Port of Preveza) provides tourist port services. Since 2011, the company has taken over the management of the marina of Preveza with a concession contract.

In an announcement, the fund said that its advisors will evaluate the aforementioned expressions of interest and submit to HRADF’s Board of Directors their recommendation regarding the candidates that qualify for the next phase of the tender.

The duration of the concession for the marina will be for a period of at least 35 years, HRADF had announced when it first launched the international public tender for concession.

According to HRADF, limited-scale interventions will significantly improve the marina’s capacity, serving at least 170 recreational craft of different categories, up to 25 m in length.