The large strategic investment in logistics at the former Hellenic Steel property in Aspropyrgos

By | May 10, 2023

The “Hull Logistics Park” investment project of the Streem Development company, which concerns the creation of a state-of-the-art supply chain and transit business complex in Aspropyrgos, was approved by the Inter-Ministerial Committee on Strategic Investments, which met under the chairmanship of the Minister of Development and Investments, Mr. Adonis Georgiadis and with the participation of the Vice Minister of Development and Investments responsible for Strategic Investments, Mr. Nikos Papathanasis and the Ministers of Finance, Mr. Christos Staikouras, of Environment and Energy, Mr. Konstantinos Skrekas, from Culture and Sports, Mr. Linas Mendoni, from State, Mr. Georgiou Gerapetritis.

The meeting was attended by the Deputy Minister of Finance, Mr. Theodoros Skylakakis, the Minister of Maritime Transport and Island Policy, Mr. Ioannis Plakiotakis, the Minister of Tourism, Mr. Vassilis Kikilias, the Deputy Minister Responsible for Economic Diplomacy and Foreign Affairs, Mr. Costas Fragogiannis, Secretary General of Private Investments and Public-Private Partnerships, Mr. Orestis Kavalakis, Secretary General of International Economic Relations and Projection of the Ministry of Foreign Affairs and President of the limited company with the name “Hellenic Investment and Trade Company Exterior SA” Ms. Vasiliki Loizou and the General Secretary for Land Planning and Urban Environment of the Ministry of Environment and Energy, Mr. Efthimios Bakoyannis.

The total budget for the Hull Logistics Park amounts to €244,164,841 and is expected to create 3,900 jobs during construction and 1,238 during the operational phase.

Source: Ministry of Development and Investment

The Minister of Development and Investments, Mr. Adonis Georgiadis stated:
“It took us 4 years of hard work and close cooperation from the Ministry of Development with HIV Capital and various others involved in this project to get here today, where the large HIV transit center is located on the site of the former Hellenic Steel factory. in Aspropyrgos is now entering the final phase of implementation.
Precisely the day before yesterday it was approved by the Inter-Ministerial Committee for Strategic Investments and now we are in the process of granting the operating permits and beginning its construction.
An investment that will exceed 300 million euros and will turn the Aspropyrgos area into a large logistics hub that will contribute to the creation of thousands of jobs, but also to the rise of our country’s position in terms of its importance in the market world. supply chain.

I want to personally thank Mr. Konstantinos Bitros, CEO of Stream Global and Stream Development, who has been our key partner throughout this period in getting here and wish him and his team the best of luck.

It should be noted that the realization of this project saved the Steel Industry of Greece with more than 400 workers, since part of said plan was the assumption of the old debts of the Steel Industry and its transition to a new era”.


The Deputy Minister for Development and Investment, Mr. Nikos Papathanasis stated:
“The strategic investment in Aspropyrgos is a flagship project in the field of logistics and the broader supply chain industry.
This is the first trinodal inversion, that is, the first inversion that takes advantage of the possibilities of the dock, the train, and the automobile. Lots of jobs are created, new investment opportunities are opened up and most importantly the wider area of ​​Aspropyrgos is improved.”

HIG Capital LLG Managing Director, Mr. Stelios Theodosiou stated:
“The renovation project of the former Hellenic Steel works in Aspropyrgos and its transformation into a modern logistics center is a strategic pillar of our investment strategy in the field of logistics in the wider region. The strategic position of Greece, in the crossroads of three continents in the global supply chain network is unquestionable and projects like this help establish the country as a modern hub. We will continue our efforts to rebuild the country’s logistics infrastructure in the coming years.”

The CEO of Streem Global and Streem Development, Mr. Konstantinos Bitros, said:
“After having made significant investments in logistics companies to form a single platform for the provision of holistic services, our focus is now on the creation and use of infrastructure that will allow us to expand the radius of action and improve the services provided. The project in Aspropyrgos, in addition to improving the entire region, aims to emerge as a pioneer combined transport hub by Greek standards with high added value for the country.”

Source: Ministry of Development and Investment

Leave a Reply

Your email address will not be published. Required fields are marked *