Five star hotels, golf courses with international standards, modern sport facilities, shopping malls, catering facilities and new parks will totally change the image of the coastal zone at Athens former airport “Ellinikon”. This valuable tract of state owned real estate, once developed, will be a huge benefit to the area economically.
A new governmental plan is in place that will be implemented via fast track initiative according to the reports from Athens.
In February 2011 consultants of the Greek State will submit their proposals for the land privatization, the aim of this initiative to attract important investors and high-quality tourism to the area.
Flipping Ellinikon
Specifically, the Ministry of Finance, in cooperation with the State Minister Mr. Charis Pampoukis decided that the land under development includes 5.500.000 sq.m. of Athen’s former airport “Ellinikon” and the sport facilities and marina of Agios Kosmas. Moreover, in conjunction with the Municipality of Glyfada, the golf course bordering the airport will be improved as well.
Specifically, the governmental plan for Ellinikon includes:
- 5* hotels
- Parks and recreation facilities
- New modern sport facilities
- Expansion and modernization of existed golf course
- Shopping malls and offices
- Reconstruction and upgrade of Agios Kosmas marina
- Re-Establishment of Agios Kosmas sport facilities
Going Forward
The Interministerial Committee for Asset Restructuring and Privatisations (ICARP) decided that the next real estate inventories for development via fast track procedures are the following: Afantos and Prasonisi in Rhodes, Vegoritida in Pella, Antirrio, Gournes in Iraklio (Crete), Topiros in Xanthi, Ermioni in Argolida, Sithonia and Toroni in Chalkidiki, Kala Nera in Magnesia, Skala Skotina in Pieria, Alykes in Anavyssos and marina of Vouliagmeni.
Imagine this area of Athens replete with boutique five star luxury as at the Margi Boutique Hotel Athens below. (image courtesy the hotel)