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Summary invitations for the expressions of interest regarding th long-term right of use of two "Athens 2004 Olympic Games" venues
Invest in Olympic Athens
August 30, 2005 -- Hellenic Olympic Properties SA ("the Company") is a company incorporated and operating under the laws of Greece. While 100% state-owned, the Company operates as a private-sector entity. The Company is responsible for the post-Olympic management and operation of the venues constructed by the Greek State for the purposes of the Athens 2004 Olympic Games.
The Company intends to assign the long-term right of use of two facilities, both of which are located in the Athens metropolitan area. The successful bidders shall be granted the exclusive right to lease, develop, manage and commercially operate the respective facility, and shall be entitled to perform works necessary for the implementation of their business plan, subject to compliance with applicable laws and permitted uses.
Accordingly, the Company hereby initiates two international competitive bid processes ("the Tenders") for the selection of suitable bidders for the Agios Kosmas Olympic Sailing Centre and the Galatsi Olympic Indoor Hall ("the Facilities") and invites eligible parties to express their interest as follows:
Legal entities and individuals, as well as consortia submitting a joint offer, are eligible to participate in the Tenders. Selection criteria include, principally, the bidders' experience and capabilities, their economic and financial standing, the attractiveness and quality of the proposed projects, as well as the financial consideration offered to the Company.
The Tenders will be performed in two phases (Phase A: Prequalification; and Phase B: Submission of Binding Offers). Only a limited number of interested parties will be invited to participate in Phase B, based on the following criteria, as will further be specified in the respective Information Memorandum:
Details of Phase A, as well as information on the respective Facility, are included in the Information Memoranda for the Tenders. These will be available upon written request to all interested parties at the Company's premises as from Wednesday, September 7, 2005 and until Friday, October 21, 2005.
Expressions of Interest, with the required accompanying documents, may be submitted, in Greek or English, at the Company's offices no later than Tuesday, November 1, 2005, 17:00 Athens time.
Please carefully read our special disclaimer related to Athens 2004 Olympic Games material and information published on INVgr. INV International Ltd. is not responsible for the content of external Web sites. The Tenders and respective contracts shall be governed by Greek law; the contracts will be executed in Greek. The present Invitations for the Expression of Interest do not constitute an offer. The Invitation and respective Information Memorandum have been drafted in Greek and translated into English; in doubt, the Greek text prevails. The Company reserves the right to postpone, withdraw from and/or amend the terms of and timetable for any or all these Invitations and the respective Tenders at any time at its absolute discretion, without any liability to participants and/or third parties. The Expression of Interest entails the unconditional acceptance of the terms and conditions of the present Invitations.