Insider Economy Former 'House of Cyprus' in Kolonaki to be rented out

Former ‘House of Cyprus’ in Kolonaki to be rented out

The former ‘House of Cyprus’ in the exclusive Athens area of Kolonaki is going to be rented out with Foreign Ministry insiders saying the call for tenders will be announced this week.

The building which belongs to the Cypriot state is situated on 16 Herodotou Street, Kolonaki. The ‘House of Cyprus’ is the Republic’s cultural centre in the Greek capital.

The decision for the specific property to be utilised was taken by the Council of Ministers last July following the relocation of the centre to the Embassy’s new chancery located on Xenophontos Street, again in Kolonaki.

The Council has authorized the steering committee on the Foreign Ministry’s buildings to take prompt action on the renting/leasing of the specific property. Bids will be called within this week for the two-storey building whose main advantage is its location.

However, if no sufficient interest in renting/leasing is expressed then the possibility of putting the property up for sale is also there, according to insiders.

The prevailing conditions in the real estate market of Greece, especially in Athens, indicate that sale transactions are on the rise over the past few months. And that’s probably what the Ministry’s technocrats are bearing in mind.

The tender documents have been drafted in cooperation with the Auditor General’s Office.


Read more:

Top Stories

UK helps employers with slow phase-in of job shield costs

British finance minister Rishi Sunak offered fresh help to employers hit by the coronavirus shutdown on Friday, announcing that future contributions they must make...

One new Covid-19 case from repatriations

There was one new Covid-19 case in Cyprus, the Health Ministry said on Friday, from a total of 2363 tests, bringing the total number...

Limassol: Dead body found in warehouse

  A body has been found in the light shaft of a warehouse on Nicos Georgiou street in Limassol, philenews reports. It said the body of...

Holy Synod to allow weddings during pre-Christmas fasting period

As a result of Covid-prompted wedding postponements, the Holy Synod has decided to allow wedding ceremonies during the pre-Christmas fasting period this year until...

President to discuss phase 3 with scientific advisors on Tuesday

  The team of scientists advising the government on the coronavirus outbreak are due to hold a new meeting with President Nicos Anastasiades on Tuesday...


Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...

Spiced lamb with beetroot salad and scented yoghurt

Lay the lamb on a tray, skin side down. Rub with crushed garlic, sprinkle with spices and ground pistachios, wrap in plastic wrap and...

Easy seafood pasta with white wine sauce

Ingredients: 2-3 tbsp olive oil 1 garlic clove, chopped 2-3 tablespoons of whipped cream 1/3 cup white wine 300g spaghetti, roughly broken 300-400g of...

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...