To provide premises for the 2nd Artemida Lower Secondary School, the Municipality of Spata–Artemida pays a private company €134,345.63 every quarter, amounting to approximately €537,000 a year. The most recent payment recorded on the Diaugia transparency portal, covering the period from 4 March to 3 June 2026, was issued on 9 June and was funded from the municipality’s regular revenue. The lease expires on 22 May 2036.
iartemida has processed all the Municipality’s rent payment orders for 2025 and 2026. Based on the latest payment for each tenancy, the buildings and grounds rented by the municipality for schools cost over 860,000 euros a year. Around six out of every ten euros goes to the 2nd Lower Secondary School.
The building on Vravrona Avenue
The contract was signed on 16 December 2022 with ARTEMIS REAL ESTATE & INVESTMENTS Single-Member Public Limited Company, which is based in Halandri. It concerns five adjoining plots, totalling 4,087.85 square metres, in Block 1434, between Chios and Agios Efrem Streets, Vravrona Avenue and a pedestrian walkway. In August 2022, two planning permissions were issued for the plots for an educational complex covering 2,397.78 square metres. The contract stipulated that, once completed, the complex would house the 2nd Lower Secondary School and its playground. The municipality’s call for tenders for the lease had been published in August 2016.
The rent was set at 43,600 euros per month, including stamp duty, at approximately 18 euros per square metre, payable quarterly from the date of handover of the building. At the start of 2025, the quarterly payment was €130,800; following adjustments, it rose to €134,345.63. At the current rate, the nearly ten years remaining until the lease expires amount to more than 5.3 million euros, excluding future increases. The payment order states that the rent has been assigned to Optima Bank, so the money is paid to the bank.
In June 2024, the Municipal Committee amended the contract by a majority vote (Decision 288/2024). It added TEN BRINKE HELLAS as a guarantor, because the 2016 tender notice stipulated a guarantor and the contract had been signed without one. It also granted the Municipality the right to sublet premises for a school canteen. In 2025, the Municipality additionally commissioned the construction of roads around the school.
The remaining school rents
On an annual basis, with the final payment for each tenancy:
- Artemida 6th and 8th Nursery Schools: 80,808 euros, until 2 January 2036
- Artemida 2nd General Lyceum (building): €69,000, until 12 September 2028
- Artemida 5th Nursery School: €30,000, until 30 September 2037
- Artemida 7th Nursery School: €26,160, until 30 September 2037
- Artemida 1st Nursery School: €24,000, until 31 March 2028
- Artemida 3rd Nursery School: €20,400, until 31 January 2038
- Spata 4th Nursery School: €20,400, until 31 January 2038
- Artemida 4th Nursery School: €19,200, until 31 January 2038
- Artemida 7th Primary School playground: €20,280.84, extended until 31 December 2026
- Playground of the 1st Artemida General Lyceum: €9,600, until 17 January 2028
- Playground of the 4th Artemida Primary School: €7,200, until 31 January 2038
Lower rents are also being paid for the extension of the 2nd General Lyceum’s school grounds, until 2029.
The new contracts have turned out to be more expensive
From October 2025 onwards, four nursery schools and one playground were placed under new 12-year leases. The monthly rent increased for all of them:
- Artemida 4th Nursery School: from 696.42 to 1,600 euros (+130%)
- Artemida 5th Nursery School: from 1,157.72 to 2,500 euros (+116%)
- Artemida 3rd Nursery School: from 1,104 to 1,700 euros (+54%)
- Artemida 4th Primary School playground: from 411.44 to 600 euros (+46%)
- Spata 4th Nursery School: from 1,584.24 to 1,700 euros (+7%)
It is not clear from the warrants whether these are the same properties or new ones, nor how many bids were received at the auctions.
What’s next
The provision of school premises is the responsibility of the Municipality, and where there is no public building, the Municipality rents one. Two further leases for school buildings are currently being finalised. In December 2025, the Municipal Committee approved the tender minutes for a property to house the 7th Artemida Primary School (Decision 792/2025). The rent for the 4th Primary School building, which until 31 October is being paid by ‘Aegeas’, must be transferred to the Municipality.
Source: Municipality of Spata–Artemida, payment orders for rent 2025–2026 (2nd Lower Secondary School: CEP 1209/2026, Diafania 15/06/2026) and Municipal Committee Decision 288/2024, Diafania 27/06/2024.
