ECONOMY

Four more properties abroad to go up for sale

State sell-off fund TAIPED is going ahead with the sale of four more properties abroad – in Italy, Germany, Serbia and Slovenia – and is currently in the process of hiring an independent property surveyor to have them valued.

The most important building of the four is that in Rome, situated in the Italian capital’s historic center, by the Villa Borghese gardens. It used to host a Hyatt hotel but today is empty. The other properties are in Dusseldorf, Belgrade and Ljubljana.

TAIPED is aiming to utilize state property abroad as markets outside Greece are on a far higher level than the domestic one. It recently sold five other properties that brought 41 million euros into state coffers.

Officials at the fund say that the utilization of public property has brought revenues of about 380 million euros this year, beating the original target of 370 million euros.