HPPC at a glance
The Hellenic Public Properties Company (HPPC) SA is the largest company for the management and development of the private real estate assets of the Greek State and constitutes a 100% direct subsidiary of the Hellenic Corporation of Assets and Participations (HCAP).
The Company’s portfolio includes thousands of titles of assets, made up to a large extent of tourist properties and infrastructure, such as marinas, camp sites, ski resorts, cultural centres, caves, tourist kiosks, thermal springs and the former Xenia Hotels; a large number of urban properties; rural and coastal agricultural areas; former Olympic Properties and facilities and also large emblematic properties both in the cities and in the mainland and island areas throughout Greece.
HPPC is one of the most important bodies working to protect Greece’s assets and to maximize their value. It is a modern instrument of development that, guided by the public interest and following the rules of the private economy, serves Greek taxpayers’ interest with the aim of creating the conditions for sustainable and tangible economic and social development at national, regional and local levels.
Historically, HPPC is a continuation of the company “Hellenic Tourist Properties SA” which was established in 1998 with the aim of utilising the property belonging to the Greek National Tourism Organisation (GNTO). In 2016 it became a fully-owned direct subsidiary of “The Hellenic Corporation of Assets and Participations S.A.” (HCAP), having in the meantime absorbed Olympic Properties SA. and the “Hellenic Public Real Estate Corporation” in 2011 and “Attica Coastal Front SA” in 2016.
HPPC, which now has a large portfolio with many different categories of real estate assets, is seeking to maximise the value of Greek State’s properties by achieving a healthy portfolio with the ultimate goal of creating significant growth opportunities for the national economy and for local communities and promoting the country’s natural and cultural wealth.