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NBG launches RE portfolio for sale
NBG launches a portfolio of properties worth approximately €100 m for sale in the context of the utilization of the group’s real estate, which numbers over 4,000 properties. Deloitte has been appointed as a consultant and the goal is for the process to open in the third quarter of the year and be completed at the beginning of next year. The portfolio consists of residential and commercial real estate, and based on what is stated in the annual financial report, it includes the majority of 360 properties in the historical portfolio of the bank worth about €110 m, which have been included in the REO portfolio for divestment. In 2021, the group’s total sales amounted to 393 properties worth approximately €124 m, of which properties worth approximately €52 m were sold through the bank’s portal through online tenders or through the “buy now” process.
Original Source: Kathimerini.gr
Adaptation/Summary: Kiki Athanasiadis