The Hellenic Republic Asset Development Fund (HRADF) has announced the signing of the contract with the company “Sani Development and Tourism Company S.A.” for the development of the property “Sani Kassandra”.

The company was declared the highest bidder in January 2024 for a fee amounting to EUR 8.6 million (US$ 9.3 million). The tender for the development of the property was conducted in one phase and the price will be paid upfront in a single installment. The property is a plot of land with a total area of 273.707,10 square meters and is located in "Metochi Stavronikita", outside the boundaries of the Municipal Unit of Sani in the Municipality of Kassandra, Halkidiki, in an area that once constituted the "Farm of Rural Penitentiary of Kassandra". 

HRADF has engaged the law firm "MOUSSAS & PARTNERS LAW FIRM" to provide legal support for the tender process regarding the development of the property.