The Superfund will begin the valuation of the State’s assets from properties. The utilization of properties belonging to the companies in its portfolio tops the list of to-do’s and therefore a pilot fast track valuation program of the first 1,000 properties of the Hellenic Public Properties Company (HPPC) is starting this year. The competition for the Framework Agreement will begin in 2023. This will square away the approximately 77 thousand properties that are under the umbrella of the Superfund.
Essentially, the valuation of the assets is one of the pillars of the Superfund’s three-year plan.
The recording and evaluation of the first 1,000 HPPC properties within 2022 (the goal is to reach at least 70%) will be the guideline for the categorization and breakdown of the entire portfolio. Based on this categorization, the strategy for each property group will then be drawn up. It is noted that the bulk of the real estate, about 70 thousand properties, belongs to HPPC, but real estate is still owned by other state agencies.
Which assets can be used?
Essentially, the recording and categorization of the properties will contribute to the evaluation of which of them can mature, so that they can be exploited, but also what at what stage of maturation they are at, since, often, serious or even insurmountable obstacles, such as squats, crop up. It is estimated that around 27,000 of these properties are encroached upon. At the same time there are also practical issues, such as that a property no longer exists, because it was torn down or appropriated to become part of a roadway.
The main valuation menu will come in 2023 with the start of the competition with the framework agreement method for all properties. Roughly speaking, the Superfund will issue a call to the market and each participant will take over a group of properties, do the registration with their own appraisers and for each group that is delivered, another group will be assigned to them. This method has been chosen so that things run quickly, without delays. As this process progresses, the property groups that will now be registered and identified will proceed to valuation.
The valuation of all businesses belonging to the Superfund will proceed by 2023. The ultimate goal of this whole process is to create a clear record of assets and update the maturation and exploitation processes.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
