WHY EP.PA.THE

Benefits
Building Data
Available properties
Legislation

The primary goal behind the concept and design of the Business Park was that of public service.

Thessaloniki Business Park (EPPATHE) is a state-of-the-art business incubator of international standards, that provides every investor with exact information on permitted land uses, applied terms and regulations, as are clearly stated by Law 4982/2022, thus ensuring fully controlled project planning and scheduling, overcoming bureaucratical problems and delays. At the same time, the smooth future operation of each business is ensured through the Park’s Operating Regulations and the services provided to the businesses established there.

Administrative and legal incentives and benefits for businesses established in Business Parks.

  1. Investment certainty: Legal certainty deriving from Urban Planning regulations, not available outside established business parks.

  2. Less administrative burdens: Due to the controls and conditions that have been ensured with the approval of the development of EPPATHE and its «Operating License» (Certificate Decision), the established companies enjoy:

    1. exemption from the obligation to obtain an Installation Permit

    2. Exemption from the approval of the competent services as provided for in Articles 3 and 4 of Law 4014/2011 (A’ 209) and Annex B of the Joint Decision of the Ministers of Interior and Environment, Energy and Climate Change No. 1649/45/2014 (B’ 45), as long as they are covered by the approvals given during the environmental licensing of the Business Park.

  2. Complete and detailed Rules of Operation for the Business Park: as an integral part of the land acquisition contracts, it ensures the orderly operation of the Business Park, beneficial for all, as its binding terms and rules are in advance accepted by the companies to be established in it.

Economic Incentives and Benefits for Businesses Established in the Business Park:

  1. Subsidies through Development Law 4887/2022: Development Law 4887/2022 provides significant advantages for businesses established in Business Parks. These advantages include:

  • Tax Reliefs: Businesses can benefit from tax exemptions and reductions in taxable income, depending on the type of investment and the geographical area of establishment (General Secretariat of Industry and Energy – GSIE).

  • Grants: Grants are provided to cover part of the costs of investment plans, such as the creation of new units, expansion of production capacity, and diversification of production.

  • Financial Tools: Businesses have access to special financial tools and loans with favorable terms to support their investment plans.

  • Innovation Support: Investments related to the digital and technological transformation of businesses, green transition, and the introduction of new technologies, such as robotics and artificial intelligence, are supported (GSIE).

  • Reduction of Bureaucracy: Establishing in Business Parks may be accompanied by reduced bureaucracy and faster licensing, facilitating the implementation of investment plans.

  • Increased Support Rates: – Special categories: Investments in special areas, such as Business Parks, can benefit from increased support rates as shown bellow (max% of Advance Payment Warrant -APW)).

    ENTITY SIZE TAX EXEMPTION SUBSIDY LEASE COST OF CREATED EMPLOYMENT
    SMALL 100%
    (max% of Advance Payment Warrant)    		 80%
    (max% of APW)    		 100%
    (max% of APWt)    		 100%
    (max% of APW)
        90% ή 100% of APW for special categories*    
    MEDIUM 80%
    (max% of APW)    		 – 80%
    (max% of APW)    		 80%
    (max% of APW)
      90% ή 100% of APW for special categories* – 90% ή 100% of APW for special categories* 90% ή 100% of APW for special categories*
    LARGE 80%
    (max% of APW)    		 – 80%
    (max% of APW)    		 80%
    (max% of APW)
      90% ή 100% τf APW for special categories* – 90% ή 100% τf APW for special categories* 90% ή 100% f APW for special categories*

    *Special categories:  Increased subsidy rates are granted for investment projects implemented in Business Parks (B.P.)

  1. The creation of free trade zones is permitted as well as free trade warehouses or customs warehouses or temporary storage areas .
  2. Economies of scale are created by the use of common infrastructure and shared support services (eg security, maintenance, cleaning, etc.), which are included in the approved Rules of Operation of the Business Park, as well as by other added value support services for sustainable management. (eg controlled truck parking spaces, transport management, services, cafeteria, restaurant, bank, mini-market, etc.).).

The building regulations in the Business Park are particularly favourable for all enterprises. Based on contemporary urban planning, the Park is divided into three (3) sectors according to the planned usage and delimited Building Blocks.

The table below presents the building coefficients of the EPPATHE for each sector in greater detail.

After the forthcoming approval of the revised urban plan under the new law 4982/22, the improved building conditions in brackets will apply.

 

SECTION
 

A

B

C

Building coefficient (B.C.)

1,6 (2.0)

1,6 (2.0)

1,6 (2.0)

Coverage percentage 

70%

70%

70%

Maximum height (excluding roof)

15m. (22.75m)

20m. (22.75m)

20m. (22.75m)

Facade

10m.

10m.

10m.

Volume coefficient

10 (7x B.C.)

10 (7x B.C.)

10 (7x B.C.)

Permissible uses:

The establishment and exercise of the activities of article 5 of Law No. 4982/2022.

Thus, the advantage for enterprises to be established in EPPATHE lies in:

  1. The high building factor of 1.6 (2.0) instead of the 0.9 and 0.2 provided for Industrial/Technical and Storage areas in off-plan areas.
  2. The coverage rate is 70% compared to 20% to 40% for developments in off-plan areas.
  3. The maximum height ranges from 7.5 to 11.0m and 15m by derogation, while for the EP.PA.THE it is 15m in sector A and 20m in sectors B and C and soon 22.75m throughout the park and 32m by derogation.
  4. The licensing process, which in any case is more difficult in off-plan areas than in organized and demarcated areas such as EPPATHE.

Below you will find information on the currently available plots. You can also consult the interactive map here to get thorough information on any plot you are interested in.

PLOT SURFACE (sq.m.) SECTOR LAND USE PRICE € COVERAGE 70%
3 37.979,55 A B CATEGORY 2.960.000 € 26.585,69
4 32.998,63 A B CATEGORY 2.430.000 € 23.099,04
7.2 5.516,80 B A2 CATEGORY 440.000 € 3.861,76
7.3 5.000,60 B A2 CATEGORY 384.000 € 3.500,42
7.4 3.013,74 B A2 CATEGORY 232.000 € 2.109,62
7.5 3.555,60 B A2 CATEGORY 270.000 € 2.488,92
7.6 5.844,15 B A2 CATEGORY 448.000 € 4.090,91
7.7 3.136,00 B A2 CATEGORY 250.000 € 2.195,20
7.8 6.201,99 B A2 CATEGORY 475.000 € 4.341,39
8 20.277,97 B A2 CATEGORY 1.485.000 € 14.194,58
9 38.838,68 B A2 CATEGORY 3.050.000 € 27.187,08
11.2 44.434,32 C A2 CATEGORY 3.800.000 € 31.104,02
           
Total  206.798,03     16.224.000 €
 144.758,62

Government Gazette  2335 B 20.09.2013  – On the inclusion of the Industrial Park (VI.PA.) of Thessaloniki in the provisions of Law 3982/2011 and its assignment to the Type B Business Park of article 41 par. 1b of Law 3982/2011.

Ν. 3982/2011 : https://www.kodiko.gr/nomothesia/document/60779/nomos-3982-2011

Government Gazette 24073 B 11.07.2024 –Submission of the Business Park type B’ Thessaloniki (EP.PA.THE.) to the provisions of Law No. 4982/2022 (A’ 195) and assignment as Thessaloniki Business Park Type A2.

Ν. 4982/2022: https://www.eppathe.gr/wp-content/uploads/2024/07/ΝΕΟΣ-ΝΟΜΟΣ-ΕΠ-4982_22-fek_a_195_2022.pdf