Development works begin at "ThessINTEC"
Development works begin at "ThessINTEC"

Development works begin at "ThessINTEC"

The park is expected to enhance its extroversion and ability to attract high-tech investment from the international environment.
RE+D magazine

The big project of the 4th generation Thess INTEC Technology Park is officially on track for implementation.

According to decisions taken by the board of directors of the project development company during its recent meeting, the preliminary construction works such as demolition of old buildings, earthworks and general embankments, as well as the payment of the same participation in the investment plan of Thess INTEC, will begin immediately, according to the decision of the Ministry of Development for the inclusion of the project in the financing framework of the Recovery Fund. It was also decided to elect the president of the Exporters Association (SEVE), Simos Diamantidis, as a new member of the board of directors.

During the meeting there was an extensive discussion on the attraction and location of large research infrastructures and high-tech investments creating economies of scale.

"The above decisions are very important for accelerating the work of Thess INTEC in accordance with the framework and conditions of its financing and for strengthening its extroversion and ability to attract high-tech investments from the international environment" is underlined in a statement from ThessINTEC.

It is recalled that in the summer of 2020, the charter of the Business Park Development Company (EANEP) ThessINTEC SA was signed, in which three Universities, the EKETA Research Center, public and private sector bodies participate, while the project is supported during its maturation stage through A. E. non-profit a total of 25 flagship companies / sponsors. 58% of the shareholders are from the private sector and 42% from the public sector.

The project will be developed in two phases, of which the first is financed with 20 million euros from private resources and with 35 million euros from the Recovery Fund (RRF).

During the first phase of the project, 50 million euros will be invested for infrastructure and for the first buildings, while an additional investment of 25 million euros from EKETA and 30 million euros from the Israeli Fund is foreseen. Over the course of a decade, investments are expected to exceed 500 million euros.

Three building zones

The Park will include three building zones:

In the first, residential uses for park workers, education (only higher education with HEI function are allowed), administration, trade (only commercial shops) and personal services, offices/research centers/business incubators, catering and refreshments, car parking areas are foreseen up to 3.5 tons of shared use, motorcycles and mopeds, low-noise warehouses, professional workshops, low-noise craft and industrial facilities, green spaces, wastewater treatment and disposal sites and renewable energy facilities.

In the second zone, characterized as tourism-leisure, it is planned to build residences, tourist accommodation/special tourist infrastructure facilities/other tourist businesses, small and special sports facilities, religious places, cultural facilities, conference centers/public gathering places, commercial and service providers, offices/research centers/business incubators, catering and refreshments and parking areas.

In the third zone (common green space), which extends along the northern coastal part of the property, the use of "Open Spaces - Urban Green" is permitted. In the entire intervention area, an average building factor of 0.45 and a minimum percentage of common and public spaces equal to 25% of the total surface of the area is determined, of which the common space to serve needs on a supra-local scale is at least 90 acres.