Special purpose vehicle will be formed to manage EFKA’s real estate assets

The company will also be able to proceed with the management, after separating the properties that are for private use and those that are for development.

It is indicative that the Agency has 400 properties throughout the country, with a total objective value of over 1 billion euros and at least 20% – which concerns high value properties – remains completely unused. The company will be subject to a strict corporate governance framework with increased guarantees of transparency and accountability, but also the ability to utilize the good practices of the private sector to manage its real estate portfolio.