Right of superficies

A Business Park is an organized area, designated by the State specifically for the establishment and operation of diverse commercial and industrial activities.

The term “Business Park” is functionally equivalent to the older term “Industrial Area” (VI.PE). This updated terminology reflects the expanded scope of permitted activities and serves as a more representative descriptor of these areas today.

Business Parks can now accommodate a broad spectrum of operations, ranging from manufacturing and professional workshops to service centers and waste management (referred to as environmental infrastructure). The scope further extends to logistics and warehousing hubs, R&D facilities, power generation, and IT solutions. Additionally, these areas host business incubators, vertically integrated livestock and processing operations, and a full range of ancillary and support services.

The development of a Business Park is spearheaded by a dedicated corporate entity, which may be comprised of natural persons or legal entities. This entity is formally known as EADEP [Business Park Management and Development Company]. ETVA VI.PE. is the leading entity in this sector, maintaining the largest footprint across Greece. Beyond our network, several other entities across the country have established and operate -or are currently developing- similar Parks. This management model is a global industry standard, with comparable entities operating successfully on an international scale.

The development and operation of a Business Park in Greece is a structured investment process governed by the provisions of Law 4982/2022. 4982/2022.

A key prerequisite for establishing a Business Park is obtaining formal approval from the Ministry of Development and Investments, following the submission of a comprehensive and viable investment proposal by the said company [EADEP].

Establishing your business within ETVA’s network of Industrial Areas ensures a suite of strategic advantages.

Indicatively, businesses operating within a Business Park may benefit from the following:

• Developed infrastructure network
• Favorable building (plot) & coverage terms
• Clear land-use regulations
• Clear title deeds
• Flexible payment terms
• Preferential tax treatment (exemption from transfer tax) and preferential ENFIA (Unified Property Ownership Tax) 1 to 3 € per stremma annually
• Exemption from the standard establishment authorization process; operations can commence via a simplified Notification Procedure
• Streamlined environmental permitting, along with the potential for reclassification to a lower environmental category – subject to specific activity criteria
• Preferential investment terms as provided under the applicable institutional framework
• Development of synergies among established enterprises
• Value-Added Services, detailed here

And remember!

Establishing your operations within a Business Park ensures the seamless and high-quality performance of your enterprise. By opting for a well-managed, professional environment, you mitigate the risks and challenges often associated with unplanned construction and off-plan areas.

Our Business Parks feature comprehensive infrastructure designed to provide enterprises with an organized and scalable environment for growth. Specifically, our facilities include:

• Internal road network
• Water supply & fire protection networks
• Stormwater drainage system
• Wastewater treatment plants (WWTP)
• Ηλεκτροδότηση σε συνεργασία με τους φορείς
• Street and entrance junction lighting
• Telecommunications and broadband network

Additional infrastructure available in Business Parks includes:

• Security & Perimeter Fencing
• On-site Fire Station
• Natural Gas Network
• Perimeter landscaping and green areas

This is a common question raised by prospective clients.

It is essential to understand that Business Parks create a high-efficiency environment characterized by economies of scale.

A significant portion of your initial capital investment is already covered by ETVA’s established infrastructure and utility networks. In the absence of an organized park, developing these essential services independently would place a substantial financial burden on your project.

Another key factor in investment savings is land acquisition. Our Business Parks offer superior coverage and plot ratios, along with smaller minimum lot size requirements. This combination allows for optimal building capacity within a more compact footprint. Consequently, your facility’s requirements can be met with a significantly smaller land area than would be required in an unplanned, off-plan location

Taxation serves as another significant pillar of cost efficiency. Businesses benefit from a full exemption from Property Transfer Tax, while tax rates remain exceptionally low – particularly when utilizing the Right of Superficies.

Consequently, a substantial initial capital expenditure is not necessary to launch operations. By streamlining the process, ETVA offers a secure environment that allows you to establish your business with predictable costs and sound financial fundamentals for your entire investment.

Companies operating within a Business Park typically pay a (usually monthly) “service charge” to cover the integrated management and maintenance services provided by ETVA VI.PE. This amount is determined by the company’s total footprint within the Park and its specific usage levels of the shared infrastructure and utilities.