Saturday May 23, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Process starts for state property securitization

By Vangelis Mandravelis

The selection of the state properties to enter the securitization process begins on Tuesday as the Public Properties Company’s governing board is expected to approve the tender for the contractors to manage all pending issues related to the title deeds of some 3,000 properties.

These are real estate assets that will be passed on to state privatization fund TAIPED for inclusion in one or more securitization packages the fund will offer to the market.

Sources say that the tender will be proclaimed in the coming days and will have a budget of 7 million euros. The plan is for three contractors to undertake the project. Among their main obligations will be to put together the first batch of properties without any outstanding issues for TAIPED to utilize them from September. This first grouping of properties will include some 1,000 assets and will allow for their securitization, with the fund expecting to draw between 350 and 500 million euros.

Nevertheless the planned securitization has not yet been officially chosen as the most appropriate model for the utilization of state properties. The fund is still considering the option of creating a company that will manage all those assets and then float it for investors to acquire holdings in it.

Market experts say that the floating model could fetch significant profits in the long run, but not straight away as TAIPED desires. On the other hand, securitization would fetch more cash quickly, but be less beneficial in the long term.

ekathimerini.com , Monday May 19, 2014 (22:20)  
Hotel contracts with a ‘Greek default clause’
Listed firms have whisked away most of their cash reserves
Car sales drop a gear on VAT rate uncertainty
Bulk of loan requests comes from food service
PM irked at row holding up return of ERT
It remained unclear on Saturday whether the former state broadcaster, ERT, would return to the airwaves on Monday, as Prime Minister Alexis Tsipras had announced last week, amid objections t...
Cypriot president, Turkish-Cypriot leader take a stroll through divided capital
Leaders of rival communities in ethnically-split Cyprus shared coffee and cake on Saturday in a symbolic gesture underscoring a thaw in relations over a conflict spanning decades. Cypriot Pr...
Inside News
SOCCER
Greece escapes soccer suspension, FIFA happy with changes
FIFA says it is satisfied with changes made to sporting law in Greece, and has dropped a threat to suspend the country from international competition. In a letter to the government dated May...
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next season’s Champions League qualifiers, as the Super League play-offs got under way on Wedne...
Inside Sports
ANALYSIS
Neither Grexit nor a dual currency will solve Greece’s problems
A Grexit or the introduction of a dual currency is not a solution to Greece’s problems. On the contrary, it would be a worst-case scenario for Greece in the short term. Only in the medium to...
COMMENTARY
First aid for the capital
The fact that the center of Athens exudes the stench of human waste is an undeniable truth, just like the fact that in late spring, one nostril smells blossoming bitter lemon trees while the...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PM irked at row holding up return of ERT
2. Cypriot president, Turkish-Cypriot leader take a stroll through divided capital
3. New civil service assessment scheme focuses on rewards instead of punishment
4. Hotel contracts with a ‘Greek default clause’
5. Listed firms have whisked away most of their cash reserves
6. Deal no closer following PM’s meetings in Riga
more news
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Listed firms have whisked away most of their cash reserves
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. First aid for the capital
5. Response to May 15 comment
6. New civil service assessment scheme focuses on rewards instead of punishment
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.