Funds eye holdings in domestic REICs

The managing officers of real estate investment companies as well as foreign funds exploring the Greek market in search of opportunities have their eyes fixed on the real estate assets in the portfolios of secured nonperforming loans that were sold last year.

Kathimerini understands that preliminary talks for the gradual sale of properties from those portfolios have already started, as the special administrators have made progress in settling a number of pending issues in order to make the transfer feasible.

It is reminded that two portfolios of loans secured on real estate collateral were sold over the course of 2018, for about 770 million euros. These were the "Amoeba" package by Piraeus Bank, and Alpha Bank's "Jupiter" package. The cost of the former came to 432 million euros for buyer Bain Capital, while the latter fetched 337 million from Apollon Global...