Greece To Sell Government Buildings
Source: http://www.usatoday.com/story/news/world/2013/03/11/greece-sell-government-buildings/1979301/
#greece #realestate
Greece's cash-strapped government detailed its plans to sell 28 state-owned buildings on long-term lease, including tax offices, ministry buildings, and the main police headquarters in Athens.
A government privatization fund said it hoped to make US$ 39 million annually from the lease agreements lasting 20-25 years.
Included on the list of buildings for sale are the main properties used by the ministries of justice, education and culture, 12 tax offices and the greater Athens police headquarters.
Potential investors should express their interest by April 19, according to a statement by the Hellenic Republic Asset Development Fund.
Greece is under pressure to speed up its privatization program by its rescue lenders, the other eurozone countries and the International Monetary Fund, who have been providing bailout funds since 2010 that are set to total US$ 312 billion.
Greece holds an extensive privatization program to increase revenue and reduce the budget deficit. At the end of last year 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. Earlier Greece HRADF 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 last year Archaeological treasures including the temple of Delphi, the most popular site after the Acropolis, were available as backdrops for filming and photographic shoots.
A government privatization fund said it hoped to make US$ 39 million annually from the lease agreements lasting 20-25 years.
Included on the list of buildings for sale are the main properties used by the ministries of justice, education and culture, 12 tax offices and the greater Athens police headquarters.
Potential investors should express their interest by April 19, according to a statement by the Hellenic Republic Asset Development Fund.
Greece is under pressure to speed up its privatization program by its rescue lenders, the other eurozone countries and the International Monetary Fund, who have been providing bailout funds since 2010 that are set to total US$ 312 billion.
Greece holds an extensive privatization program to increase revenue and reduce the budget deficit. At the end of last year 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. Earlier Greece HRADF 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 last year Archaeological treasures including the temple of Delphi, the most popular site after the Acropolis, were available as backdrops for filming and photographic shoots.
