State realty asset bundling

An amendment that allows the Public Property Company (ETAD) to participate in third-party companies, contributing real estate, is attempting to give the final push to the plan of the government and National Economy and Finance Minister Kostis Hatzidakis for the development of state realty assets.

In short, 1,000 properties will be selected, being mature in terms of their titles but also notable in terms of valuation and exploitation prospects, which a private consultant to the state will categorize according to their type and other criteria.

Then, a number of the above properties will be transferred to up to nine holding companies, the share capital of which will be controlled by ETAD. In the final stage, the shares of these companies will be sold. In the coming days, the board of directors of the Superfund is expected to assign this task to specific consultants, as...