HRADF Sells Four Properties in Athens, Opens Regional Airport Bids Next Week

The state privatisation agency said on Thursday it has sold online four properties in the old Plaka district of Athens for 1.34 million euros, while it announced it will open concession bids on Greece's regional airports on Monday (technical bids) and Tuesday (financial bids).

The four properties sold through www.e-publicrealestate.gr are located on Thrasyllou 24 and Epimenidou (sold for 194,200 euros); Thespidos 24 and Stratonos (552,400 euros); Thespidos 16 (260,000 euros); and Rangava 7 (330,000 euros).

According to the Hellenic Republic Asset Development Fund, the sale price reached was 42 percent higher that the starting price. Because of the unique character of Athens' historic district, the selling contracts stipulate that after 99 years ownership will revert to the state. For the rest of the portfolio - another three properties in Plaka - there was no interest at the set starting price, although seven bids were submitted initially. HRADF will reevaluate its options on these properties.