Wednesday , December 7 2022
Home / News / Economy / Greece to sell 28 public buildings: ministries, police headquarters, tax offices…

Greece to sell 28 public buildings: ministries, police headquarters, tax offices…

They are offered for sale. Exactly as they stand: with furniture, curtains and even toilet paper. The ministry of Culture, of Interior, of Justice, of Health, of Education… the Greek police headquarters in Athens, the police headquarters in Thessaloniki. A total o f 28 buildings belonging to Greek state are offered for sale by the Greek Asset Development Fund (Privatization Fund/HRADF).

On Monday, the HRADF announced  the invitation to potential investors to submit an expression of interest for the sale and lease of 28 public buildings.

The properties, including also several tax offices across the country, will be sold and then leased back to the Greek state again.

So what’s the point of selling them, re-lease them and paying rent?

Oh. It’s like getting a loan (selling price) and paying it back (monthly rent). But the sales will bring warm euros to state registers to flow to the pockets of Greece’s lenders.

 

 

 

Check Also

FinMin Staikouras puts pressure on Greek banks to support debtors, depositors

Greek banks must come up with proposals to actively support citizens who face a lot …

One comment

  1. Not a great idea as much of the proceeds will end up in the pockets of the same people who`ve brought this country to its knees.