Growthfund has signed a contract with MATENISA TRADING CO., LTD., which was declared as the Preferred Investor in the tender process for the sale of the “Agia Triada Beach and Camping” property, located in the Municipality of Thermaikos, Regional Unit of Thessaloniki, for a total fee of EUR 19.5 million (US$22 million).

MATENISA TRADING CO., LTD. announced that it has finalized the acquisition of a roughly 160,000 m² site in Thessaloniki’s Agia Triada area. The company plans to incorporate the property into a diverse development initiative centered on sustainable tourism, with the goal of boosting the local economy through environmentally and socially responsible interventions. Designed with a focus on sustainability, the project will utilize green technologies, enhance energy efficiency, and strictly adhere to environmental regulations. MATENISA aims to establish a model residential and tourism destination that blends seamlessly with the natural environment while highlighting the area’s distinctive character.

The property’s development will generate multiple benefits for the local community. Approximately 50,000 m² will be allocated to citizens and visitors of the Municipality of Thermaikos, while the construction of a new 4,000 m² school is also planned on the site. These interventions, combined with the designated forest area of approximately 18,000 m², will contribute significantly to the upgrading of public space in the area, for the benefit of the local community, while the development of the property will also lead to the regeneration of the coastal front.