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Hellenic > Blog > Property > Services of the Parliament will be housed in the Bodosaki Mansion
Property

Services of the Parliament will be housed in the Bodosaki Mansion

Hellenic
Last updated: 2023/11/04 at 9:49 PM
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Services of the Parliament will be housed in the Bodosaki Mansion
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With an annual rent of 2.8 million euros, the Greek parliament was chosen by the Board of Directors of the Bodosaki Foundation as its new tenant Megarou Bodosakis.

The emblematic building, which is located on it Vasilissis Amalia avenue at number 20, at the junction with Souri Street, and was built between 1949 and 1958 based on plans by the architect Andreas Ploumistos, today it houses its headquarters Eurobank, which by the end of the year will have completed its relocation to new offices. The total area of ​​the building is 12,820 square meters and, according to sources of the institution, a fair value of 72.5 million euros.

The annual price paid by Eurobank was in excess of 4 million and thus the bank, with the arrival of the end of the rental agreement at the end of 2023, reportedly requested a reduction in the rent. Something that was not accepted by the institution, which immediately started a process to find a new tenant, with the aim that he would start paying rents from January 2024 and that the annual consideration would not be less than what the bank paid.

However, despite initial verbal interest from major hotel groups and some real estate development companies, none appeared when the deadline for submitting binding financial offers expired. On the contrary, the Hellenic Parliament, which had already expressed interest in the institution since the start of the relevant procedures, after evaluating the benefits it will have from the relocation to the Bodosaki Mansion of its offices and services that are currently scattered in other buildings around the Constitution, submitted a proposal at the level of 2.7-2.8 million per year. According with “K” information, the Parliament was informed a few twenty-four hours ago by the board of directors of the Bodosakis Foundation that its proposal was initially accepted. Of course, further clarifying consultations will follow these days, while an improved price will be requested. Something which, however, currently remains unclear as to whether it can be successful given the decisions of the Parliament’s bureau.

In any case, for those following the process closely, the deal is considered de facto closed. It should be noted, however, that according to others sources of “K” at least one more proposal was submitted to the Bodosaki Foundation from an investment scheme in which major Greek business names participate, with a higher annual rent. It also foresees an investment of 80 million euros to convert the property from an office building to a hotel.

The initiative of the movements and the whole process were “run” step by step by the president of the Parliament Konstantinos Tasoulas and the general secretary Giorgos Mylonakis, who are credited with the rationalization of the expenses and the accommodation of the parliamentarians and the services of the Parliament initiated by this development. “K” sources say.

According to the same sources, today the Parliament houses MPs and its services in buildings scattered around Syntagma Square, most of which it rents, and specifically in buildings on Arvaniti Street, Sekeri Street, Mitropoleos Street, Voulis Street and on Vasilissis Amalia Avenue. The buildings on Arvaniti Street and Sekeri Street will be released. The presidium of the Greek Parliament evaluated the savings it will have from the release of the two aforementioned buildings and thus formulated its financial proposal.

“The credibility of the Hellenic Parliament cannot be questioned in the slightest, something that secures the lessor in the long term and is calculated accordingly”, the relevant information states in order to explain how the specific proposal, given the above claims of the institution, was finally made, even at first, accepted.

The Parliament thus acquires an emblematic but also a neighboring space (as, apart from the fact that it is a stone’s throw away from the main building of the Parliament, it also owns the building immediately next to the Bodosakis Mansion on Vasilissis Amalia Avenue, in the direction of the Pillars of Olympian Zeus), upgrading its infrastructure as well as the working environment for the people who will be employed in it.

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TAGGED: Bodosaki, ECONOMY, housed, Mansion, Parliament, PROFESSIONAL REAL ESTATE, real estate, Services

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Hellenic November 4, 2023 November 4, 2023
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