TAIPED announces signing of agreement for “Astir Palace”

4 January 2016
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The privatization fund TAIPED announced that an agreement was signed with Jermyn Street Real Estate Fund IV LP for the sale of the “Astir Palace Vouliagmeni SA” on the 31stof December 2015.

According to the statement issued, the investment fund “has signed the new agreement to submit the amended Special Zoning and Spatial Plan (ESHADA) for the development of the Astir Palace Vouliagmeni SA”.

The agreement ensures that the Plan is adjusted to the Council of the State’s opinion and has the same price of 400 million euros. The whole process is expected to be completed within the first half of 2016.

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