Wednesday September 3, 2014 Search
Weather | Athens
28o C
22o 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 Companys 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)  
Helexpo sell-off plan to be ready by mid-October
Maniatis talks energy with Washingtons man in Athens
Task force to examine cases of extreme taxation, customs issues
Hotels hike prices by 10 pct in H1 of 2014
Greek academics say anti-racism bill risks interference with freedom of expression
More than one hundred Greek historians and academics have expressed reservations over aspects of draft legislation designed to outlaw Holocaust denial and expand prosecution powers against t...
Report points to suspicious clinic charges to EOPYY
A quarter of all the expenses submitted last year by private health clinics to EOPYY, the countrys largest healthcare provider, have been deemed suspicious and in need of further investigat...
Inside News
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Poise matters
A politician who wishes to demonstrate that he is a leader needs two fundamental characteristics: poise and the ability to rely on his instinct. Poise has been a prerequisite since long befo...
EDITORIAL
The right decision
A year ago, when former Health Minister Adonis Georgiadis announced that auditing companies were set to begin investigating expenses submitted by certain private health clinics to social sec...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek academics say anti-racism bill risks interference with freedom of expression
2. Helexpo sell-off plan to be ready by mid-October
3. Maniatis talks energy with Washingtons man in Athens
4. Task force to examine cases of extreme taxation, customs issues
5. Hotels hike prices by 10 pct in H1 of 2014
6. Pension system nears breaking point
more news
Today
This Week
1. Poise matters
2. The right decision
3. Politicized archaeology
4. Rain and storms with hail expected in many parts of Greece
5. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
6. New committee formed to assess progress of deregulation in closed-shop professions
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.