Corfu’s Gouvia Marina Operating Company Gets Extended Lease Deal

Photo source: ETAD

The concessionaire operating the Gouvia Marina on Corfu was recently granted a 15-year extension of its lease deal by Greece’s Public Properties Company (​ETAD).

ETAD CEO Stefanos Vlastos signed the renewed agreement with Ioannis Koutsodontis, who represents Marina Gouvion, a subsidiary of D Marinas Hellas (a private equity firm CVC Capital Partners interest).

The deal paves the way for the implementation of the upgrade and modernization of the Corfu marina budgeted at 6.5 million euros.

Vlastos underlined the importance of the agreement, which he said resolves age-old problems and creates the conditions for the creation of a marina that “meets the needs of the market today, which can become long-term, sustainable and mutually beneficial” for all parties involved.

ETAD CEO Stefanos Vlastos with Ioannis Koutsodontis, who represents Marina Gouvion, a subsidiary of D Marinas Hellas.

ETAD’s CEO added that CVC Capital Partners’ commitment to the project reflects foreign investors’ confidence in the Greek economy and particularly in the opportunities available in the marinas activities.

“At the same time, by extending the duration of our working relationship, we are creating a new development chapter for the Gouvia Marina, which will enhance tourism and economic upgrade of Corfu, but also of the country as a whole,” Vlastos said.

CEO D-Marin Oliver Dörschuck referred to the positive outcome of private-public partnerships.

“Gouvia Marina is a clear indication of how cooperation between the private sector and the Greek state can work successfully for the benefit of all interested parties,” he said.

Photo source: ETAD

Dörschuck went on to praise Corfu for its sailing potential adding the D-Marin was aiming to run marinas in Greece that will attract sailing lovers from across the globe.

The Gouvia Marina, 7km from the center of Corfu, can cater to the berthing needs of some 1,000 recreational craft and is one of the largest in Greece and in the Eastern Mediterranean.