Gov’t opts to sell and lease back state properties

The government is opting for a sale-and-leaseback solution for state property in order to boost public revenues at a particularly difficult conjuncture. It expects an inflow of 200 million euros this year and a further 800 million euros in the next two years from the utilization of up to 33 state properties managed by the Hellenic Public Real Estate Corporation (KED). A ministerial committee will examine the list of properties to decide which buildings will be brought under the scheme and will shortly appoint a state consultant to evaluate each property. The list includes ministerial buildings such as that of the Merchant Marine Ministry, five buildings of the Foreign Ministry, the old Culture Ministry building and even 14 tax offices. Others include the premises of the general secretariats for press and information and for consumer information.

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