PAEGAE to join bidding for Thriasio


PAEGAE, National Bank of Greece’s logistics subsidiary, will likely be the third pillar of the consortium seen as favorite to win railway properties company GAIAOSE’s contract for the Thriasio Transit Center in western Attica.

The logistics company is in advanced talks with Athens-listed Grivalia Properties and China’s Cosco for the creation of a consortium that will table a binding bid before the May 31 deadline for Thriasio concession tender offers. The participation of the three groups is seen in the market as creating a winning ticket for the sought-after asset’s tender.

PAEGAE owns logistics facilities at Magoula – near Thriasio – totaling 105,000 square meters of indoor space and 600,000 sq.m. of outdoor space. It also has another 17,500 sq.m. in indoor space and 20,000 sq.m. outdoors at Sindos, near Thessaloniki.

All this suggests that if PAEGAE does participate in the concession of Thriasio’s 600,000 sq.m., it will secure an upgraded role in the future of the Greek transit and logistics industry. Its officials have had several meetings with the counterparts at Cosco and Grivalia in recent weeks, and have also met with the government.