Six firms submit bids to lease Vouliagmeni beach

Six companies have made bids to Greece Public Properties Company (ETAD) to lease Vouliagmeni beach in southern Athens for at least the next 15 years.

ETAD opened the sealed bids on Tuesday. The firm that wins the tender will have to pay a lump sum of 1 million euros and then 15 percent of its annual turnover to the state.

The company will have the right to extend its lease for another five years on top of the 15.