"VORIA" The largest tourism investment in the North of Athens, with the signature of the Regency Group

  • Investment of 200 million euros with significant benefits for the Economy, employment and balanced growth
  • The Special Urban Plan and the Strategic Environmental Impact Study were approved by the Metropolitan Planning Council

Athens, 23/10/2020

The procedures for the start of the works of the largest tourist investment in the Northern Suburbs of Athens are progressing rapidly. Following the approval of the Special Urban Plan, as well as the Strategic Environmental Impact Study by the Metropolitan Planning Council of the Ministry of Environment and Energy, the investment of 200 million euros of the Regency Group enters the final stage.
"VORIA", as the project of the development of an integrated Tourism and Entertainment pole in Maroussi is called, concerns the creation of an international model tourist complex, which will holistically upgrade the region, creating conditions of balanced and multilevel development for the whole of Attica. At the same time, it will house the historic Casino of Parnitha, the relocation of which, in addition to being provided by a relevant Law, is now mandatory, due to new developments in the gambling market. The new investment will create 1,000 new jobs, while securing the 1,000 jobs already maintained by Parnitha Casino.
More specifically, in the area of ​​55,000 sq.m., where the investment will be implemented, the construction of: 5 * hotel, casino, restaurants, Culture, events and leisure areas, underground parking is included.


Development centered on the Environment
"VORIA" will stand out not only for its unique architectural design, but also for the environmental upgrade it will bring to the area. Green will dominate even on the roofs of the bioclimatic building, while over 50% of the total area will consist of free, common areas and beautiful gardens. It is worth noting that the maximum height of the building will be much lower than other buildings in the area, with its special design further reducing the sense of height-volume.
"Public interest" emblematic investment
The landmark project for the region is one of the largest tourism investments, with dynamic, multiplier benefits for the country. The State will continue to hold 49% of the shares of "Hellenic Casino Parnitha", with the cost of the new investment to be borne exclusively by private shareholders. In addition to increasing revenues for the State, due to ensuring the viability of Parnitha Casino, the new complex will enrich and strengthen the tourist product of Attica, in a category of high demand.
Interventions that enhance the quality of life

The development of the complex will significantly enhance the value of real estate in the wider area, with the investment being a new, stable source of revenue for the Municipality of Maroussi (contribution of 2% on the gross profits of the Casino, Municipal Fees, Tolls). The daily life of the residents of the area will be upgraded immediately, with 25,000 sq.m. to be given to local communities for public uses and common areas of activities and sports. The positive footprint in the area becomes even greater through the important interventions that will accompany the investment. The construction of new lanes, sidewalks and footbridges at the junction of S. Louis & L. Kifissias in combination with the new METRO station, are expected to give "breath" to the traffic problem that the area is facing today.
The next steps in the licensing process are the approval of the Urban Planning Study by the Central Council for Urban Issues and Disputes (KESYPOTHA) and then the issuance of a Draft Presidential Decree for the implementation of the investment.

Mr. Giannis Tsirikos, CEO of "Hellenic Casino Parnitha SA" On the occasion of the recent approval by the Metropolitan Planning Council, he stated: the inhabitants of the area. In a difficult period for Tourism and the Economy, we are making a significant investment which releases the real dynamics not only of the region, but of the whole of Attica ".

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