TAIPED launches sale process for five over­seas prop­er­ties

Kathimerini English - - Front Page - VANGELIS MANDRAVELIS

The Hel­lenic Re­pub­lic As­set De­vel­op­ment Fund (TAIPED) has an­nounced that it is mov­ing ahead with the sale of five over­seas prop­er­ties in its port­fo­lio. The sales had been on hold since the Jan­uary elec­tions, but the sale process that started in July 2014 has now been picked up by TAIPED’s new ad­min­is­tra­tion, with the no­tice for sale made public last Fri­day, a day af­ter Prime Min­is­ter Alexis Tsipras re­signed.

Prime real es­tate

The prop­er­ties are lo­cated in the United States, South Africa, Italy and Slove­nia. Their sale is ex­pected to gen­er­ate at least 20 mil­lion eu­ros for the fund. In­ter­ested par­ties have un­til Oc­to­ber 26, 2015 to sub­mit their bid. TAIPED’s ex­ec­u­tive board will com­plete the bid ap­proval process by Novem­ber 5.

The US prop­er­ties are lo­cated in New York and Washington DC. The New York prop­erty is in Man­hat­tan, near the United Na­tions Head­quar­ters. It is a sec­ond-floor of­fice com­plex called “The 3 Dag Con­do­minium,” with a to­tal area of 1,416 square me­ters. The min­i­mum ac­cept­able bid has been set at 9.1 mil­lion dol­lars.

The Washington DC prop­erty is lo­cated at 2211 Mas­sachusetts Av­enue in the His­toric Dis­trict of the US cap­i­tal. The three-floor build­ing has a to­tal us­able area of 754 sq.m. The min­i­mum ac­cept­able of­fer is 2.7 mil­lion dol­lars.

The Ital­ian prop­erty is in the his­toric cen­ter of Rome and is sur­rounded by lux­ury res­i­dences and high-qual­ity of­fice build­ings. The five-floor 1,600 sq.m. build­ing also has a base­ment and an at­tic. The min­i­mum ac­cept­able bid is 8 mil­lion eu­ros.

The Slove­nian prop­erty in Ljubl­jana is a listed build­ing lo- cated in a prime residential area. The sur­round­ing area is home to sev­eral em­bassies, gov­ern­ment build­ings, re­tail stores and Tivoli City Park. The two-story build­ing has a to­tal area of 1,215 sq.m. and a start­ing price of 800,000 eu­ros.

The South African prop­erty is lo­cated on Pre­to­ria’s most cen­tral av­enue, in Hat­field, a short dis­tance from the Union Build­ing. The com­plex com­prises a two-story build­ing with a to­tal area of 350 sq.m. The min­i­mum ac­cept­able bid is set at 240,000 US dol­lars.

Greece’s pri­va­ti­za­tion fund is selling a 1,416-square me­ter of­fice in Man­hat­tan and is look­ing to fetch a min­i­mum of 9.1 mil­lion dol­lars for the prop­erty, near the United Na­tions Head­quar­ters.

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