The Hellenic Republic Asset Development Fund has launched a very ambitious project for the exploitation the Greek public sector’s private properties, aiming to generate proceeds of €25 bn euro.
The scope encompasses more than 70.000 properties of the public sector that are currently managed/owned by public real estate companies (KED, ETA), DEKO and by various Ministries. Properties will be assessed and selected for exploitation on the grounds of general criteria (Free Properties, Urban Properties, Non-urban Properties > 1.000 m2) and commercial factors (size, location, basic legal commitments, potential property uses).
Development strategies will be designed for single assets and/or portfolios of assets that will emerge from this process.
