Greece Sells Athens Former Airport
Source: http://www.riarealty.ru
#airport #greece #athens #transportation #realestate
Greece's Hellenic Republic Asset Development Fund announced, that one of the best real estate properties - the Athens former airport in the coastal area of Athens Ellinikon will be sold reported news agency Ria Novosti.
Athens airport whole area is about 6.2 million square meters. It is three times bigger than the Principality of Monaco and two times bigger than the London's Hyde Park and New York's Central Park. There are 500 buildings in sold territory, including the former airport building, 2004 Olympic Games sport facilities, Greek army former barracks, sport center and a sea berth for 300 boats.
Company's 100 percent stock to be sold to investor, but the cost of airport isn't announced. After sale, the investor must pay 30 percent of earnings to the Greece budget.
Greece holds an extensive privatization program to increase revenue and reduce the budget deficit. Two months ago Greece Hellenic Republic Asset Development Fund has identified 40 uninhabited islands and islets that could be leased for as long as 50 years to reduce debt as pressure grows on the country to revive an asset-sales plan key to receiving international aid. At the beginning of the year Archaeological treasures including the temple of Delphi, the most popular site after the Acropolis, were available as backdrops for filming and photographic shoots.
Athens airport whole area is about 6.2 million square meters. It is three times bigger than the Principality of Monaco and two times bigger than the London's Hyde Park and New York's Central Park. There are 500 buildings in sold territory, including the former airport building, 2004 Olympic Games sport facilities, Greek army former barracks, sport center and a sea berth for 300 boats.
Company's 100 percent stock to be sold to investor, but the cost of airport isn't announced. After sale, the investor must pay 30 percent of earnings to the Greece budget.
Greece holds an extensive privatization program to increase revenue and reduce the budget deficit. Two months ago Greece Hellenic Republic Asset Development Fund has identified 40 uninhabited islands and islets that could be leased for as long as 50 years to reduce debt as pressure grows on the country to revive an asset-sales plan key to receiving international aid. At the beginning of the year Archaeological treasures including the temple of Delphi, the most popular site after the Acropolis, were available as backdrops for filming and photographic shoots.
