Memorandum of Cooperations with the aim of accelerating the maturation and exploitation processes, through the exchange of know-how between TAIPED and EDTAof emblematic properties of ETAD, with an emphasis on those of particular importance for the national economy, tourism and industry, signed last Friday by the Fund and ETAD.

The Memorandum was signed by the managing director of TAIPED Dimitris Politis and the managing director of ETAD Iro Hatzigeorgiou. The two companies will appoint a joint working group, consisting of 3 to 5 members, with a commercial, technical, financial and legal background, headed by a TAIPED executive. The working group will be led by the managing director of ETAD.

Mr. Politis stated after the signing of the Memorandum of Cooperation: “TAIPED and ETAD are joining forces for the more effective utilization of the State’s real estate, which can act as a driving force for the sustainable development of the Greek economy with large multipliers benefits for local communities. TAIPED has rich experience in the real estate sector, since it has completed the necessary procedures for the maturation of hundreds of properties and has successfully conducted tenders for their exploitation. We are particularly excited about the joint effort we are undertaking with ETAD and we believe that our cooperation will be absolutely beneficial and will set a positive example.”

Meanwhile, Mrs. Hatzigeorgiou stated: “The signing of the memorandum of cooperation with TAIPED is part of the new strategy we are implementing for the evolution of ETAD and the optimal utilization of the assets of its portfolio. A strategy based on innovation, efficiency, speed and open collaboration with entities that have the potential to significantly contribute to this collective effort. In this context, our goal is to operate as a Company with even greater speed and efficiency, creating surplus value for the Greek public properties and benefits for the national economy and the country. We are convinced that the experience of the human resources of ETAD combined with the know-how and flexibility of TAIPED will soon bring beneficial results through this cooperation in achieving our common goal”.