Deals
Greece Plans to Raise 35 Billion Euros From Real Estate by 2015
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Greece plans to raise 35 billion euros ($50.5 billion) from state-owned real estate assets by 2015, according to a report released yesterday by the Greek Finance Ministry.
“The state owns a vast portfolio of real estate assets that today is underdeveloped or is exploited by uncontrolled, private vested interests,” the Finance Ministry wrote in the presentation, adding that the development and management of the assets is an “obligation for the state.”