Greece accepts US$31 million bid of New York investors for island plot

It is the first successful deal involving a large plot of state-owned real estate, which accounts for about 50 percent of Greece's ambitious privatization program.

A fund statement Thursday said NCH Capital will be granted a 99-year concession to exploit the seaside plot at Kassiopi. The state will retain ownership of the 120-acre (nearly 50-hectare) forested property, selling what it calls the “right of surface.”

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Indonesia January inflation rises to 4.57 percent after severe flooding

NEXT ARTICLE
LVMH cashes in on increasing luxury goods demand with net profit up 12%

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit