With the participation of nine corporate shapes, the ambitious work of recording, categorizing, appreciating and maturing 36,000 real estate of the portfolio of the subsidiary of the Hypermalion, ETAD.

A few days ago the inauguration Meeting the project, marking the start of a initiative for the management and utilization of the company’s real estate.

In the context of the project, nine corporate schemes, which have been pre -selected following an international tender process, under the supervision of a project management office (PMO), participate. The aim is to evaluate up to 36,000 real estate, the valuation of up to 6,500 of them and the execution ripening actions in a subset of up to 1,000 properties. In order to implement these actions, the nine participating corporate schemes will participate in Call Offs, which will include technical and legal controls, estimates on specific groups of real estate or other maturity actions. It is noted that the first competition is already in preparation and relates to 1,000 properties.

This project, which is jointly performed by the Hypothesis and the ESDs, with the approvals of their BoDs- is one of the largest mapping and management initiatives in Greece and aims to rationalize the ERAD portfolio and the effective use of public property.

The project is supervised and assisted by a team of ERAD executives, while the modern, flexible digital real estate management platform with the simultaneous use of a specialized artificial intelligence program (AI tool) developed and customized by PMO, is already in operation. The project proceeds vigorously, with the next steps to call and execute the first competitions, aimed at improving the efficiency and accelerating the evaluation and utilization process of the ERDA properties.

PMO team is made up of the figure McKinsey & Company and 8G Capital Partnerswhile the associations of companies that have been pre-selected through the framework agreement are:

  1. Union of companies “American Appraisal (Hellas) Limited”- “DBC Diadikasia SA”- “Lamnidis Law”- “A. Petropoulos & Associates’ and
  2. “Alpha Real Estate Services SA” .
  3. “CERVED SERVICES OF ACCOUNTS SA”
  4. ‘Colliers Greece’
  5. Association of Companies “GLP MANAGEMENT- ASSESSMENT ESTIMATE SA”- “Iris OE”- “E. P. KYRIAKIDIS LAWYRATIC COMPANY »
  6. “Hill International NV”- “Aura Ree Greece LLC”- “E. VLACHOGIANNIS & COOPERATORS LAWYER “-” DIMITRIADIS- BOTTOROS & COOPERATORS LAWYER “
  7. Association of Companies “QUALCO REAL ESTATE LTD”- “FRKKO LAWYRY”- “Qualco Single System
  8. ‘Euros Simbles Société Anonyme
  9. Association of Companies “PANIOTIS KARAMOSCHOS AND ASSOCIATES EE MTC- MACEDONIAN TECHNICAL COMPANY”- “E. ARVANITI & ENTERTAINMENTS ENY LEGAL SERVICE COMPANY COMPANY “-” SALFAS AND ASSOCIATES SA