Monday, January 2nd, 2017
Last Update: 09:14
Greece’s privatization fund said that it concluded the sale of the Kassiopi plot in Corfu following the signing of the transaction with NCH Capital. The investment includes €23 million for the acquisition of the leasehold, €2.3 million of an earn-out clause and an estimated amount of €75 million for the development of the property.
The total area of the property at Kassiopi, Corfu, is 490,000 square meters, in which 438,228.89 sq are being transferred and the investor will have the right to develop a gross buildable area of about 35,000 square meters.