The final agreement between state privatization fund TAIPED, the National Bank of Greece and Jermyn Street Real Estate for the sale of the Asteras complex in Vouliagmeni is expected within the day.
Although an agreement had been reached previously, the Council of State rejected it over zoning concerns. As such, the new agreement will be resubmitted to the State Council with a new zoning plan.
According to the new plan a maximum of 13 luxury villas would be constructed in the area, rather than 100 residences initially planned. The cost of the sale – 400 million euros – will not, however, change.