The Hellenic Republic Asset Development Fund (HRADF) has declared Matenisa Trading Co. Ltd as the Preferred Investor with an offer amounting to EUR 19.5 million (US$ 21 million) for the development of the property located in Agia Triada, Municipality of Thermaikos, in Thessaloniki, Greece.

 The property development will greatly benefit the local community by allocating 50,000 square meters for residents and visitors of the Municipality of Thermaikos. Additionally, 4,000 square meters within the property will be dedicated to building a school complex. These initiatives and a 23,000 square-meter forest area will enhance communal spaces in Agia Triada. Furthermore, the property development will contribute to the revitalization of the coastal front in the area.

The declaration of the Preferred Investor comes after the conclusion of an E-Auction process held on July 23, 2024, with the participation of the three investing schemes (Matenisa Trading Co. Ltd, INNOVATION AND DEVELOPMENT M.A.E. and Antonios Hyakinthos), which had submitted offers for the development of the property on June 13, 2023. The E-Auction was conducted using the platform SAP Ariba Sourcing, managed by Eurobank Holdings.