J&P-AVAX SA announces its 100% subsidiary ETETH SA signed on 04/05/2007 with Handris Hotels SA a contract for the project titled5-star hotel construction in Thessaloniki Phase II Building and M&E works, worth Euro 9.05 million.
The hotel has a 403-bed capacity and is being built on a 4,516.64 sq.m. land plot owned by Handris Hotels SA, situated west of the Thessaloniki city centre in the former industrial zone near the commercial section of the port. The land plot is situated between October 26 Street, Andreas Georgiou Street and Ermioni Street.
The building has a total surface of 27,731 sq.m. and includes a three-level basement, the ground floor plus six floors. The lower two basement levels will be used as a 201-space car park. The building''s main frame is already under construction through a separate contract (Phase I of the entire project).
Phase II includes construction of external and internal walls, roof and floor works, as well as M&E works such as plumbing, sewerage, fire sprinklers, heating, air conditioning, ventilation, power systems, swimming pool infrastructure and gas networks.
The project is due for completion in 8 months.