TAIPED launches sale process for five overseas properties
The Hellenic Republic Asset Development Fund (TAIPED) has announced that it is moving ahead with the sale of five overseas properties in its portfolio. The sales had been on hold since the January elections, but the sale process that started in July 2014 has now been picked up by TAIPED’s new administration, with the notice for sale made public last Friday, a day after Prime Minister Alexis Tsipras resigned.
Prime real estate
The properties are located in the United States, South Africa, Italy and Slovenia. Their sale is expected to generate at least 20 million euros for the fund. Interested parties have until October 26, 2015 to submit their bid. TAIPED’s executive board will complete the bid approval process by November 5.
The US properties are located in New York and Washington DC. The New York property is in Manhattan, near the United Nations Headquarters. It is a second-floor office complex called “The 3 Dag Condominium,” with a total area of 1,416 square meters. The minimum acceptable bid has been set at 9.1 million dollars.
The Washington DC property is located at 2211 Massachusetts Avenue in the Historic District of the US capital. The three-floor building has a total usable area of 754 sq.m. The minimum acceptable offer is 2.7 million dollars.
The Italian property is in the historic center of Rome and is surrounded by luxury residences and high-quality office buildings. The five-floor 1,600 sq.m. building also has a basement and an attic. The minimum acceptable bid is 8 million euros.
The Slovenian property in Ljubljana is a listed building located in a prime residential area. The surrounding area is home to several embassies, government buildings, retail stores and Tivoli City Park. The two-story building has a total area of 1,215 sq.m. and a starting price of 800,000 euros.
The South African property is located on Pretoria’s most central avenue, in Hatfield, a short distance from the Union Building. The complex comprises a two-story building with a total area of 350 sq.m. The minimum acceptable bid is set at 240,000 US dollars.