The Public Properties Company (ETAD), a subsidiary of the National Development Fund, proceeded with the lease to the Municipality of Kavala of a section of Kalamitsa Beach for a period of thirty (30) years, paving the way for the restoration, upgrade and reuse of the existing facilities.
The lease concerns a section of the wider Kalamitsa Beach property, with a total area of 10,510.02 sq.m., which includes a sports area, playground, changing room buildings, dining area and office building.
The agreement creates the conditions for the restoration and functional upgrade of the facilities, which had been constructed by the Hellenic Tourism Organization and had remained unused for a number of years. At the same time, it provides the possibility of covering the cost of the required interventions through their immediate inclusion in the Sustainable Urban Development Strategy (SUDS) .
Upon completion of the interventions, Kalamitsa Beach can once again assume an active role in the daily life of the city, offering upgraded infrastructure to residents and visitors and contributing to the further promotion of the wider area as a summer destination.
This specific development is part of ETAD’s broader strategy for activating properties with a strong local footprint, through collaborations with Local Government and targeted interventions that combine meeting the needs of local communities and creating development value.