The Hellenic Public Properties Company (HPPC), steward of Greece’s most prominent state-owned real estate assets, has unveiled an ambitious plan to lease the picturesque Vouliagmeni Beach, located along the Athenian Riviera.
This move marks a significant opportunity for investors eager to be part of transforming one of Greece’s most popular beachfronts into a world-class destination.
Situated in the Municipality of Vari–Voula–Vouliagmeni, a mere 25 kilometers from Athens, the expansive property covers 72,767.71 square meters and features a stunning 638.50-meter stretch of sandy beach. The site, which boasts the iconic “Oceanis” restaurant, is primed for limited development, capped at 2,000 square meters. The proposed concession extends over 20 years, with an option to renew for a decade.
Akti Vouliagmenis, revered as the most visited organized beach on the Athenian coast, attracted 420,000 visitors last year alone. It can host up to 8,000 visitors daily, making it an attractive venture for investors seeking to capitalize on its accessibility, natural beauty, and recreational offerings.
In line with its long-term strategic vision, HPPC seeks to modernize the beach facilities and elevate service standards to boost its appeal to families, sports enthusiasts, and international tourists. Emphasizing environmental sustainability and accessibility, the plan aims to enhance the beach’s reputation as a premier global destination.
The ongoing concession process invites interested firms and individuals—from private equity to investment funds—to submit non-binding letters of interest. Details for application are available on the HPPC’s official website.
Following this initial expression stage, approved candidates will receive invitations to submit formal offers under the specified terms in the subsequent phase. Prospective investors should mark their calendars, as the deadline for submissions is Thursday, May 15, 2025, by 2 pm.
This announcement signals a bold step forward for the Athenian Riviera, offering a prime investment opportunity that promises substantial economic and cultural benefits for the region.
Futher details are available on the company’s official website.