Hellenic Public Properties Co.: Change of mentality in the model of public property management

“We operate as catalysts in the utilization of the Greek State real estate and in the implementation of important investments for the country”, stressed Stefanos D. Vlastos, CEO of Hellenic Public Properties Company-HPPC, speaking from the podium of the 4th NPL SUMMIT for the Real sector Estate.

He mentioned as typical examples the completion of the concession of Marina Alimou in the middle of a pandemic in 2020 and the resolution of the obstacles and anchorages in the case of Ellinikon.

At the same time, it stood in the role of the company in the major urban renovations on the coastal front of Attica, and in the upcoming international tender launched by HPPC for the Faliro Olympic Pole, so that this property can function as a strong pole of development that will be added to the wider renovations. implemented on the Athenian Riviera.

Emblematic investment in Scaramanga Shipyards

He made special reference to the utilization of the Scaramanga Shipyards through the successful tender conducted by HPPC and the benefits that the implementation of such an emblematic investment will create for the economy and society. Specifically regarding the issue of the appeal of the Municipality of Haidari, Mr. Vlastos stressed that the decision of the Council of State is expected, while noting that “we can not block an investment of millions of euros at a time when the ownership status of the property and the Greek State is clear. is coming today to solve a 40-year-old problem that cost Greek taxpayers 16 million a year. ”

Mr. Vlastos referred to the crucial role of the Company in the utilization of its real estate and the challenges that arise in the management of its portfolio, which came from the merger of four companies in a very short period of time, as well as the problems that accompany the Greek real estate as a result of years of inactivity.

“Any real estate when it stays in the drawer for 40 years brings piles of problems in the legal and technical field, which we are now called to solve. For this reason, the only way is the consolidation of the public property portfolio and we do this from 2020 through the digitization of our real estate, in order to obtain a clear picture and accelerate the digital transformation of the Company “, pointed out Mr. Vlastos .

Change of mentality in the management model

He then referred in particular to the challenge of the cooperation of HPPC with the involved bodies, such as the Ministries, the Municipalities and the Regions, noting that the aim of the Company, among others, is to change the mentality of the past regarding the management model of the public to infuse a new philosophy with modern terms, where the utilization of the properties of the Greek State will be implemented on the basis of specific plans of sustainability and expediency.

Regarding the management model of the Business Units of HPPC, Mr. Vlastos pointed out the important interventions implemented through the NSRF in its emblematic properties, such as the Diros Caves and the Achilles Museum, in order to emerge and become sustainable in depth .

Examples in Vouliagmeni and Parnassos

He made special mention of Vouliagmeni Coast and its successful management in the last two years, emphasizing that in 2021 the Coast achieved financial results at the level of 2019, although it operated with only 1/3 of its potential due to the pandemic. “It must be understood by the citizens and the mayors that as HPPC we are accountable to the Greek State and Akti Vouliagmeni is not a local store, but concerns all Greek taxpayers and especially the country’s economy. ”

Mr. Vlastos also emphasized the successful operation of this year Parnassos Ski Center, where thanks to the proper planning, timely preparation and teamwork, the Ski Center dramatically increased for the first time its revenue compared to any other year, making economically viable and equal in terms of services with other ski resorts abroad.

Regarding investments and major development projects, Mr. Vlastos said that “we act as catalysts in the utilization of real estate of the Greek State and in the implementation of important investments for the country, citing as typical examples the completion of the concession of Marina Alimou in the middle of a pandemic in 2020 and the resolution of obstacles and preconceptions in the case of Ellinikon.

At the same time, he stood in the role of the Company in the major urban regenerations on the coastal front of Attica, and in the upcoming international competition HPPC is launching for the Faliro Olympic Pole, so that this property can also function as a strong pole of development that will be added to the wider renovations that are being implemented on the Athenian Riviera.