The signing of the contract marks the beginning of the second phase of the development of the Tatoi estate with the restoration and utilization of the buildings which, according to the decision of the Ministry of Culture following the unanimous opinion of the Central Council of New Monuments, are intended for hospitality, catering and recreation with an initial estimated budget of 25 million euros.
The project of restoration, promotion and exploitation of the former royal estate in Tatoi is one of the emblematic projects of the Government. Since 2019, the Ministry of Culture has already been carrying out a complex and multi-level restoration project of the monument-buildings, which are going to house museum, cultural and public benefit infrastructures. The aim is for the Tatoi estate to become an important destination for Attica at national and international level, through environmentally friendly infrastructure and activities, in accordance with the principles of sustainable development.
In absolute harmony with the natural environment and the identity of the site, the historical core of the Tatoi estate, with an area of 1,600 acres and a cultivated area of approximately 1,200 acres, is to be restored and utilized with multiple cultural and recreational uses. Among other things, the creation of dining and leisure areas, hospitality units, but also with mild agricultural production activities, such as the revival of viticulture and olive groves. The planned interventions and activities are expected to have significant benefits for the national economy and the tourism product of the capital, as it is estimated that they will attract more than 1 million visitors annually.
The owner of the area is the Ministry of National Economy and Finance, the owner of the project is the Ministry of Culture, while the Strategic Importance Contracts Unit of TAIPED is designated as the body for maturation and carrying out a tender process for the restoration and utilization of the properties in Tatoi, intended for hospitality, focus and recreation with the goal of faster completion of the project.
The above project comes to be added to the ongoing project by the Ministry of Culture of the restoration and highlighting of the historical core of the former royal estate in Tatoi, while it is directly related to the projects of creating basic infrastructure that are already underway by the Ministry of Culture, but also planned projects to upgrade public infrastructure in the wider area, such as the improvement of the road network and its better connection with the urban fabric and the creation of a parking space for visitors.
The Minister of National Economy and Finance, Kostis Hatzidakisstated: “The upgrading and utilization of part of the former royal estate of Tatoi is a project with threefold importance. First, environmental as a large area next to the capital will be protected with the infrastructure projects that will be built and developed in terms of protection and respect for the environment. Secondly, economic which is not negligible. It is estimated that with the completion of the works, the estate will attract hundreds of thousands of visitors annually, while areas that are currently abandoned will be used for tourism and agricultural use. The third benefit is related to the protection of modern architectural heritage and respect for historical memory. The protection of historical memory has nothing to do with the state regime, but it is a rule that applies in all modern European countries”.
The Minister of Culture, Lina Mendonistated: “The project of restoration, promotion and exploitation of the former royal estate Tatoiou is one of the emblematic projects of the Government of Kyriakos Mitsotakis. Already in 2019, the Ministry of Culture, through its competent services, is carrying out a complex and multi-level project aimed at the performance of the museum infrastructures, with the monumental complex of the Palace at the top, and the functional infrastructure networks, in 2025. Today, with the signature of of this Agreement, in collaboration with TAIPED, we proceed to the next phase, that of the maturation and preparation of the tender for the restoration and utilization of the spaces that have already been determined – based on the procedures provided for in the institutional framework – for hospitality, catering and recreation. It is very important, not only to proceed with the restoration and creation of the cultural spaces – the program is ongoing and it is estimated at around 60 million euros -, but to be able to create a space that can maintain itself. Therefore, the involvement first of TAIPED and then of the private initiative are necessary. The goal of all of us is for Attica to acquire a unique multi-thematic peri-urban area of culture, greenery and recreation, which combines historical memory with respect for the natural environment and sustainability, with a significant social footprint and development potential.”
The Appointed Advisor and Head of the Strategic Importance Contracts Unit of TAIPED, Panagiotis Stamboulidisstated: “A highly symbolic act of cooperation between TAIPED and the Ministry of Culture was sealed today, as the State once once more trusted the Strategic Importance Contracts Unit of TAIPED to mature a very important project, of special historical value for our country. For us, it is an honor but also a great responsibility to decisively contribute to the promotion of the former royal estate in Tatoi as a pole of culture, tourism and development. TAIPED, having the necessary experience and know-how, will continue to work with transparency and speed in order to carry out all the maturation processes related to large and complex projects, with a substantial economic, social and environmental footprint for the country”.
The CEO and Executive Member of the Board of Superfund (EESYP), Grigoris D. Dimitriadis, he stated: «Many congratulations are due to both TAIPED and the Ministries of Finance and Culture for their collaboration in the iconic Tatoi. Hyperfund and TAIPED with PPF emphasize the social footprint of their projects and we consciously seek to highlight and strengthen culture. ESG is not a slogan for us, it is our strategy. I would like to especially thank the Minister of Culture Ms. Mendoni for her efficiency and our excellent cooperation not only for Tatoi, but in many projects with many of our subsidiaries.”
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