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March 24, 2014

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Hellinikon site: Did The Gov't Mark Down The Price?

In 2013, and specifically during the month of March, the price for the Hellinikon site -located in the southern part of Athens - was estimated at approximately 1.239 billion Euros by an independent agency, according to an article in the Sunday edition of RealNews. The newspaper says that the recent low offer of Lamda Development, and where that sets the bar for the Hellenic Asset Development Fund (HRADF) prior to the new offer by the Latsis controlled group, is expected this coming Wednesday. The article also states that there are shady connections between the architect Norman Foster of the company seeking the site and a consulting firm advising the HRADF and leaves it to be understood that this should be investigated.
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