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Koutalidis, Dracopoulos & Vassalakis, and Your Legal Partners Advise on Marina of Alimos Concession Grant

Koutalidis, Dracopoulos & Vassalakis, and Your Legal Partners Advise on Marina of Alimos Concession Grant

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Koutalidis has advised Aktor Concessions S.A. on its successful bid to own, use, administer, operate, and exploit the Marina of Alimos. The concession, which is good for 40 years, was granted by the Hellenic Asset Development Fund. The HADF was advised by Dracopoulos & Vassalakis and Your Legal Partners.

Aktor Concessions will put forward a total of EUR 57.5 million euros, with the value of the agreement coming to a total consideration of at least EUR 177 million, including an annual concession fee and a share of revenues as a percentage of the marina’s annual turnover.

The bidding process was carried out via e-auction and included bids by Lamda-Dogus Marina Investments SA and Aviareps-Cosmos Consortium, among others.

As part of the agreement, Aktor Concessions will implement EUR 50 million worth of investments over the next five years to upgrade infrastructure in order to establish the marina into a top tourist port destination.

The Marina of Alimos is one of the largest in the Eastern Mediterranean, covering an area of almost 428,000 square meters and approximately 210,000 square meters of upland area. According to Koutalidis, the tender process was the first to be conducted through an electronic auction in Greece.

Koutalidis' team included Partners Katia Protopapa and Ioannis Kaptanis, Senior Associates Yiannis Kantas, Theodora Karagiorgou, and Dimitris Kalyvas, and Associates Fani Chlampoutaki and Ioanna Sereti.

Dracopoulos & Vassalakis' team included Partner Yiannis Palassakis and Senior Associate Irene Anyfanti.

Your Legal Partners' team included Partner Katerina Christodoulou and Senior Associate Prokopis Linardos.

Editor's Note: On December 31, 2020, the Koutalidis Law Firm announced that "the 40-year Alimos Marina concession project" had closed.