OTE Estate S.A. announces the initiation of an international open tender process for the sale and/or joint exploitation with OTE Estate, or other alternative business proposal from interested investors, of select owned assets located in the Attica prefecture:
1. The asset which is located at the historic Athens center at 15, Stadiou Street. It consists of two buildings which are operationally independent; the listed building at 15, Stadiou Street with a total surface area of 4,692.6 m² and the neighboring building, at the intersection of Anthimou Gazi and Christou Lada streets, with a total surface area of 1,365.9 m².
2. The asset at 23, Davaki Street in Kallithea, Attica, which is situated on a plot of land of a total area of 7,792.76 m² and consists of an eleven building- complex with a total surface area of 28,519.62 m².
3. The asset at 36-38, Petrou Ralli Avenue in Egaleo, Attica, which is situated on a plot of land of 26,741.66 m² with buildings of total surface area of 12,599.10 m².
4. The asset at 14, Agravlis Street in New Kifisia, Attica, which lies on a plot of land of a total area of 7,796.75 m² with buildings of a total surface area of 5,369.54 m².
The tender process concerns the submission of binding financial offers for the transfer of full ownership to the selected highest bidder for the assets of Stadiou-Anthimou Gazi or/and Kifisia or/and Kallithea or/and Petrou Ralli-Egaleo. In addition, as regards the Kallithea and Petrou Ralli-Egaleo assets, an additional option will be provided to the participating investors to either exploit them jointly with OTE Estate, through the creation of a SPV company, or to propose another, alternative business proposal for their exploitation. Detailed directions for the tender process are provided in the document “Invitation for Submission of Binding Offers”, which can be downloaded by the interested investors from OTE Estate webpage, www.ote-estate.gr. This document will be available for downloading on Thursday December 12th 2013. The interested investors will have full access to the assets’ data folders via a “Digital Data Room (DDR)” throughout the period till the submission of their binding offer. The access to the DDR will be open only to those interested investors who have been provided electronic access codes by OTE Estate, on Thursday December 12th 2013.
Requests for additional information and clarifications regarding the tender process should be emailed to the following address email@example.com, as described in full detail in the “Invitation for Submission of Binding Offers” document.
Source: OTE Estate