Athens-based Public Properties Company (PPCo) is looking to increase inward investment into the country as it manages a diverse portfolio of government-owned real estate assets and land across Greece. The company is working with both development partners and purchasers to grow income as investor confidence returns to the country, said Yannis Polyzos, president of PPCo.
“We manage thousands of state-owned real estate assets in Greece and following the reorganisation of the company we are looking to attract partners to consider everything from golf courses and marinas to hotels and agricultural land,” Polyzos said.
Following an increase in retail investors in homes for Airbnb rental and an influx of over 3,500 foreign buyers on the country’s Golden Visa residency-for-investment scheme, PPCo large assets portfolio director Constantinos Angelopoulos added that the company is now working to encourage more institutional investment.
“We can see interest growing,” Angelopoulos said. “Some of the plots and assets will be sold and some which cannot be sold will be offered on long leases as we work with developers to create and improve assets such as our state-owned hotel portfolio.”
This and more in the MIPIM News Issue 2; read it in full here…!