BUSINESS

Cushman & Wakefield to manage Church real estate

By Ilias Bellos

Cushman & Wakefield, one of the world’s biggest real estate firms, is expected to take over the management of Greece’s Church Property Utilization Company (EAEAP).

Officials from the US firm met last week with board members of EAEAP, 50 percent of which belongs to the Archbishopric of Athens while the other 50 percent is held by the Greek state.

The US firm was selected due to the respect it commands in the international realty market as well as its voluntary contribution to the process of EAEAP’s formation and operation.

The chairman of Global Brokerage at Cushman & Wakefield, Bruce E. Mosler, visited Athens along with the team that will take over the project. He told Kathimerini that his firm views EAEAP as a unique chance for it to contribute to the common good in Greece, in the context of similar initiatives implemented elsewhere. EAEAP’s first project will be the utilization of a 83,000-square meter plot in southern Athens.

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