Statements by the CEO of HPPC at the PRODEXPO 2022 Conference

25/10/2022 | Highlights, Press Releases

Stefanos D. Vlastos: “For the first time we are investing in our properties and acting as a
reliable partner for investors and entities”

During this year’s PRODEXPO 2022, and specifically in the “A look at investment activity in
Greece” section in which he participated, the CEO of HPPC, Stefanos D. Vlastos, mentioned
both the positive impact the Hellenic Public Properties Company has had with the use of
public real estate and the company’s outlook and goals.

The CEO of HPPC stressed the fact that HPPC is facing the challenge of having a huge
portfolio of 72,000 public properties, of which 28,500 have illegally encroached on. “We
have laid the foundations for a complete reorganisation of our Company so we can analyse
and develop our portfolio, something which should be done immediately, given that it is
decades overdue.”

He added, “In recent years HPPC has been a catalyst in terms of society and local
economies”, and mentioned the Skaramangas Shipyards and the successful and transparent
tender held by the Company on the Attika Coast where HPPC owns a very large number of
properties. He also mention the Company’s properties in urban centers and in areas of great
tourist interest.

Regarding the challenges posed by the current international situation, Mr. Vlastos noted:
“Up until now we have been on a straight path, but now we have a prolonged turn in front
of us, a huge energy crisis, European populist voices, a lack of human resources in all sectors.
However, we aim to catch the property wave.” He emphasized that “Surgically precise
moves are being made in relation to Greek State properties, and these will be of significant
benefit to local economies and societies”.

In addition, he pointed out that HPPC has changed a lot in recent years and, given that crisis
creates opportunities, the Company has turned to properties of special interest, such as
tourism, energy, hydroelectric, photovoltaic and wind projects, logistics sites and primary
sector real estate.

In closing, Mr. Vlastos underlined that HPPC functions as a reliable partner for investors and
institutions, having resolved a series of problems with institutional “players” in the market
and supported the implementation of their investment plans.

At the same time, he noted that, for the first time in its history, the Company has a new
philosophy on the basis of which it operates as a potential investor in its properties.
Examples of this are Heraklion in Crete, Vouliagmeni Beach, the Ski Center of Parnassos and
the Xenia hotel in Parnitha which will soon be put to good use for the benefit of society. He
also mentioned the historic Parliament flower stalls which were renovated by HPPC and,
now fully renovated, will shortly be opened to visitors and citizens of Athens.

In the panel “A look at investment activity in Greece” the other participants were Mr. I.
Smyrlis, Secretary General of International Economic Relations, Ministry of Foreign Affairs, I.
Ganos, CEO of Alpha Astika Akinita and Mr. Giorgos Kormas, Economist, Real Estate
Professional, and the discussion was moderated by Mr. Maximos Kalatzis, CEO of MAKT.

    Apr 12 2023

    Procedure completed for the sale of the Hellenic Public Properties Co property at Skaramangas Shipyards to the new investor

    Oct 26 2022

    The newly-renovated, historic flower stalls at Parliament were formally opened in the presence of the Prime Minister and the Speaker of the Parliament

    Oct 20 2022

    Vouliagmeni Beach hosts two of the events in the top triathlon event IRONMAN 70.3 Vouliagmeni, Greece

    Jul 22 2022

    Memorandum of Cooperation between the Ministry of Foreign Affairs, HPPC and the Municipality of Drama on improvement work to upgrade the former Andrikakis Camp to an International Audiovisual Centre

    Jul 19 2022

    The restoration of Bourtzi paves the way for it to be used by HPPC and the Ministry of Culture

    Jul 07 2022

    The iconic Hassan Bey mansion has been ceded to the Ministry of the Interior by HPPC and is to be used as a Centre for Presenting the History of the City of Rhodes

    Apr 08 2022

    HPPC participated at the 7th Delphi Economic Forum

    Apr 08 2022

    Stefanos Vlastos, CEO of HPPC SA, at the 7th Delphi Economic Forum. “Harmonious coexistence between the State and private sector is the only way forward for development and progress in the country”

    Mar 30 2022

    Stefanos D. Vlastos, CEO of HPPC, participates at the OT Forum on major redevelopments in Greece

    Mar 25 2022

    The Public Property Company celebrated Greek Independence Day on 25th March by bringing the historic flower stalls at the Parliament back to life

    Feb 25 2022

    Night skiing returns to Parnassos: make a date for Saturday 26 February at Kelaria

    Feb 23 2022

    HPPC cedes the Xenios Zeus tourist property to the Municipality of Ancient Olympia to create an International Cultural Centre