ΜΠΑΜΠΗΣ ΒΩΒΟΣ Α.Ε.
VOTANIKOS PROJECT
The amendments to articles 11 and 12 of the law 3481/2006 are closely related and interlinked with the partial transfer of land by Babis Vovos International Construction SA to the Municipality of Athens without any exchange, in order to provide the space for the new Panathinaikos football stadium. Any reversal of this transfer will result in the impossibility of the implementation of these amendments.
The withdrawal of the polluting industries ETMA and Hellatex formed the cornerstone of the Joint Regeneration Project. Following the stated financial inability of the Municipality of Athens to deposit the necessary compensation for this removal and applying the law 3481/2006 "regarding the joint regeneration", our company has proceeded until present with expenses that have been certified by the lending banks that amount to Eur 125,000,000 in order to obtain the industrial assets ETMA and Hellatex, to demolish 127,000 sqm of industrial building and to develop a new building of just 69,000sqm with more environmental friendly uses, after the concession without exchange of 56,000 sqm to the Municipality of Athens for the layout of the new stadium of Panathinaikos. This layout has as a further result the consequent releasing of 17,000 sqm of land in the densely built area of Alexandras Avenue.
All of these actions took place observing to the letter the relevant decrees of the law 3481/2006. In the case where this law would be judged anti-constitutional, that would constitute ex-officio nul and any transfer or concession of land that occurred because of it and fulfilling it. Consequently, anything that is claimed about supposed dissociation of the matter of the building that is being developed by our company on the remaining following the concession of part of the land that used to belong to us from the issue of the new stadium of Panathinaikos, forms unfounded statements and they lack any legal basis. These issues are by their nature interlinked and any possible negative outcome of either one will have unavoidable consequences for the other.
The withdrawal of the polluting industries ETMA and Hellatex formed the cornerstone of the Joint Regeneration Project. Following the stated financial inability of the Municipality of Athens to deposit the necessary compensation for this removal and applying the law 3481/2006 "regarding the joint regeneration", our company has proceeded until present with expenses that have been certified by the lending banks that amount to Eur 125,000,000 in order to obtain the industrial assets ETMA and Hellatex, to demolish 127,000 sqm of industrial building and to develop a new building of just 69,000sqm with more environmental friendly uses, after the concession without exchange of 56,000 sqm to the Municipality of Athens for the layout of the new stadium of Panathinaikos. This layout has as a further result the consequent releasing of 17,000 sqm of land in the densely built area of Alexandras Avenue.
All of these actions took place observing to the letter the relevant decrees of the law 3481/2006. In the case where this law would be judged anti-constitutional, that would constitute ex-officio nul and any transfer or concession of land that occurred because of it and fulfilling it. Consequently, anything that is claimed about supposed dissociation of the matter of the building that is being developed by our company on the remaining following the concession of part of the land that used to belong to us from the issue of the new stadium of Panathinaikos, forms unfounded statements and they lack any legal basis. These issues are by their nature interlinked and any possible negative outcome of either one will have unavoidable consequences for the other.