The strategic role of public property in the country’s new development path was highlighted by the Managing Director of ETAD, Mrs. Iro Hatzigeorgiou, in the discussion, which took place at the panel “Real Estate Reinvented: Capital Flows, Urban Growth, and Sustainable Development” of the Athens Riviera Forum.
The head of ETAD described the strategy of transition from passive management to active development of public property and real estate in ETAD’s portfolio, emphasizing that “real estate is not just assets, but strategic tools that create surplus value with a multiplier impact on the economy and society”.
Public property ceases to be “idle capital” and is becoming a catalyst for growth for the entire country, noted Mrs. Hatzigeorgiou. The development footprint of ETAD is twofold:
In the economy, by mobilizing capital, attracting investments and strengthening public revenues over time, as demonstrated by projects in Marina Zea and Akti Vouliagmeni.
In local communities, by creating new destinations, jobs, tourism development and improving everyday life, as is the case with Xenia and the thermal springs of Methana, a project of unique value that also includes Ziller’s signature.
The strategy is implemented with a nationwide dispersion of investments, depending on the needs of each region, so that real estate functions as a lever of transformation that combines economic growth, social return and a sustainable perspective.
Responding to the development of Vouliagmeni Beach in the context of the tender process currently underway by ETAD, the head of ETAD noted that investment schemes will soon be invited to participate in the B phase of submitting binding offers, with the aim of identifying a preferred investor by the end of the year. Mrs. Hatzigeorgiou emphasized the social role of Vouliagmeni Beach, as part of the urban fabric, with the aim of remaining accessible to citizens.
Source: tornosnews.gr/en/
