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Lenders’ technical adviser services for the development of the “Thriassion Logistics Center”, Greece

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The project concerns the finance, design, construction and operation of a freight and logistics center in Aspropyrgos area in Attica Greece.  It involves the concession from GAIAOSE of a 588,000sq.m plot for the creation of all the necessary infrastructure and buildings for the intermodal operation. 


The Project would be developed in two phases. The first phase concerns the development of 120,058sq.m. of built area and the second phase concerns the development of 115,272sq.m. of built area.


SALFO & Associates SA has been assigned by Piraeus Bank SA (the Lender) the Lender Technical Adviser Services for the following stages of the Project:

  1. Services up to financial close – Technical Due Diligence Report
  • Due diligence on all the technical aspects of the Project;
  • Review of the project documents and contracts;
  • Asses the reasonableness of cost and revenue assumptions of the financial model base case;
  • Highlighting potential issues and risks.


  1. Services post financial close (construction and operation period)
  • Monthly reporting during construction including monitoring of project progress and approval of loan drawdown requests;

Quarterly reports during operation, including assessment of the annual operation budget and maintenance activities.