Greece’s Old Royal Estate at Tatoi Goes on the Blocks



    Greek Finance Minister Yannis Stournaras has decided to include the former Royal Estate at Tatoi, northern Athens, in the list of state properties to be put up for sale or lease by the state privatization fund (TAIPED).

    The 42-square kilometer property includes the former summer palace, which has suffered considerable damage due to neglect, and a forest of 39-square kilometers. It was the summer residence for the royal family when Greece was a kingdom before the monarchy ended in 1973.

    The property, as the daily Kathimerini reported, could bring in as much as 150 million euros ($188.6 million) in revenues to the state, provided that its character be maintained and its historic heritage respected. It could include a museum, educational spaces, open-air entertainment facilities as well as catering and conference installations.

    TAIPED also secured the utilization of all state properties outside the country’s borders, including buildings that used to house Greek embassies and consulates. The first list includes properties in London, Belgrade, Brussels and Ljubljana, as well as an unused plot of land on Cyprus.
    (source: ANSA)