ECONOMY

Bidding almost complete on Eurobank property portfolios

bidding-almost-complete-on-eurobank-property-portfolios

Bidding for the sale of two property portfolios owned by Eurobank is expected to be completed early next week, at the latest. 

The Star and Opus portfolios comprise a total of over 900 properties that the bank foreclosed on, acquired through auction or which failed to sell at a satisfactory price at auction.

The book value of these properties is close to 120 million euros.

The Star portfolio, with a book value of 30.6 million, contains mostly residential properties (410 out of a total of 655), while the Opus portfolio, with a book value of 88 million, contains 258 offices, shops and warehouses.