Cushman and Wakefield Take Over Greek Church Real Estate

Greek Church Real EstateAmerican group Cushman & Wakefield, one of the largest real estate firms worldwide, was founded in 1917 and until recently belonged to the Rockefeller Group. The firm is expected to take over management of the Church Property Utilization Company (EAEAP).

Cushman & Wakefield met with Board of Directors members from the Church Property Utilization Company that consists of members of the Archdiocese of Athens and members of the Greek government.

The real estate group was chosen due to its prestige within the international real estate market and also because of its voluntary contribution to setting up and operating EAEAP.

The chairman of the Global Brokerage unit of Cushman & Wakefield, Bruse E. Mosler and the team that will undertake the project visited Athens a few days ago. According to Mosler’s statements, Cushman & Wakefield is facing the Archdiocese of Athens initiative as a unique opportunity to help Greece. The first pilot project addressed by Cushman concerning EAEAP, will be the 83,000 square meters of property in the south suburbs of Athens, Greece in Vouliagmeni.

Cushman & Wakefield is considered a giant in the market of commercial real estate. They operate 250 offices in 60 countries and employ approximately 16,000 people. In Athens, it is represented by Proprius, who is a member of Cushman & Wakefield’s network of associates. Proprius has taken on the role of adviser for HRADF in the Ellinikon Airport exploitation project.