Thessaloniki Innovation & Technology Center is a private sector initiative, that combines the involvement of the city’s leading industries and institutions, with the Hellenic government’s full support.
It will be built on a superb waterfront plot of land with a total area of 760.807 sqm, next to Thessaloniki’s International Airport, in the Municipality of Thermaikos. Thess INTEC will be one of Europe’s largest Science and Technology Parks and it will attract approximately 500 Million Euros of foreign and domestic investments within the next five to ten years. It will gradually create more than 7.000 jobs. At present, more than 100 companies and research teams have expressed a written interest in collaborating and collocating their activities in Thess INTEC’s premises. The interest in Thess INTEC’s amenities and services is constantly growing. Several state-of-the-art research and business facilities will be constructed on this premium property, planned to host synergies (Mega Projects) that will lead to the development of new innovative products for the domestic and foreign markets.
On the 6th of August 2020 “Thess INTEC S.A. Science & Technology Park Development Company” was founded as a non-profit organization. The private sector holds 58% of the company’s shares (7 Board members), whereas the public sector is participating with a further 42% (4 Board members).
According to the company’s time plan, the implementation of all building and technical studies, together with the construction of the Park’s main infrastructures will be completed by the end of 2023.
“Phase A” development is scheduled to be completed in Q3/2024 and it will include all utilities and networks infrastructure, as well as all building facilities necessary for the collocation of innovative high-tech companies, startups, and research institutions. The total budget for the completion of “Phase A” has been estimated to 70m Euros plus VAT (24%) and it includes the infrastructure of the total property and the construction of about 10% of the project’s total Built Up Area (BUA), as presented in Thess INTEC’s Masterplan.
The remaining 90% of the Park’s buildings will be constructed in Phases B, C and D. Long-term ground lease agreements will be signed with potential investors, interested in developing their own laboratories and research facilities, always in accordance with Thess INTEC’s rules of procedure and architectural regulations.