HRADF receives four Offers for the former U.S. military base of Gournes in Heraklion, Crete


The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that four Interested Parties have submitted Offers for the exploitation of part of the former U.S. military base of Gournes in Heraklion, Crete.

In particular, Offers were submitted by the following Interested Parties (in alphabetical order):

  2. DIMAND S.A.
  3. REDS S.A.

The review of the documentation submitted in order to verify that they are in line with the terms specified in the Request for Proposal will begin immediately. Shortly after, the Board of Directors of HRADF will unseal the Financial Offers in accordance with the applicable procedure. HRADF may further ask for improved Financial Offers as per the rules of the Tender Process.

The real estate property of Gournes consists of a beachfront land plot of 345,567 sqm located 13km from the airport “Nikos Kazantzakis” and 16 km from Heraklion. In neighbouring land plots to the property have been developed the Hellenic Centre for Marine Research, the Cretaquarium Thalassocosmos, the International Exhibition and Conference Centre of Crete, etc.

HRADF will establish a société anonyme to which it will contribute ownership over the real estate property and will transfer its entire share capital to the Highest Bidder.




The Comer Group is one of the United Kingdom’s largest and most successful property companies. Currently they are active in Europe and in the United States as investors & developers in the sectors of luxury residential homes, office parks, retail parks, hotels and leisure facilities. In Greece the group purchased the 81% of the Club Hotel Loutraki S.A on the summer of 2020.
LYKTOS Holdings Lyktos Holdings is a well-known company providing Wealth Management Consulting Services. In exclusive collaboration with the international financial consultant Euroxx offers personalized solutions and investment strategies, depending on the desired level of risk.
DIMAND S.A. Dimand S.A., is one of the leading Real Estate Providers in Greece offering highly integrated services across the full property lifecycle. Operating both as proprietary and/or fee developers covers a wide range of services, including project and construction management, retail expansion management, technical advisory and facility management.  Founded in 2002, has a large track record of delivering highly complicated projects like AEK’s football court in Nea Philadelphia, the reconstruction of Tower Building, the reconstruction of prior buildings of “Papastratos” in Piraeus etc.
REDS A.E. REDS S.A., member of ELLAKTOR GROUP and listed on the Athens Stock Exchange, is one of Greece’s leading real estate development companies. The company is currently active in Greece and Romania, with award-winning projects portfolio. Their investment interest is focused on the development of Commercial Parks, Commercial & Amusement Centers, Organized Residential Complexes, Exhibition Centers as well as Office & Mixed-Use buildings.
VIVION Investments S.à r.l. / Vivion Vivion is a Real Estate Company based in Luxembourg. Currently they are holding a Portfolio of €3.4bn total volume in two of Europe’s strongest economies, Germany & United Kingdom. The portfolio comprises well located office-led properties throughout major cities in Germany and leading hotels in high-demand locations in the UK.
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