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

Mother of invention: the new gadgets dreamt up to fight coronavirus

Driving to work at his factory to the west of London last week, designer Steve Brooks had coronavirus on his mind. What could he...

Coronavirus decimates taxi industry in Cyprus

Taxi drivers in Cyprus see their livelihood evaporating as the holiday island is all but shut down to try to slow the spread of...

Another 212 booked for breaking stay at home decree

Another 212 people were booked for breaking the stay at home decree overnight, a police spokesman told CyBC radio on Wednesday morning. He added that...

Latest on the spread of the coronavirus around the world

Last update 01/04/2020 01:09 The U.S. government raced to build hundreds of makeshift hospitals to ease the strain on overwhelmed healthcare systems as the United...

Cloudy with sunny spells and local showers

Today will be cloudy with sunny spells with isolated showers or thunderstorms expected. Temperatures will reach 22 C inland and on the coast and 12...


Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....