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The emblematic property of Lakis Gavalas in Kantza is in new hands

By Matina Harkoftaki

The emblematic facilities in Kantza changed hands, which in the past housed the headquarters of LAK of Lakis Gavalas’s company with the amount of the award amounting to 9,000,001 million euros, ie 1 euro more than the starting price of the which was set at EUR 9 million.

Undoubtedly, something that accompanies this property, is undoubtedly the glow of the era of the 2000s, which faded abruptly with the advent of the economic crisis in our country. Inextricably linked to the glorious days and the noisy fall of the “empire”, built by its famous owner, is the last of the “silverware” of Lakis Gavalas. The auction concerns the whole of a field in which 3 autonomous buildings have been erected and which came from the union of 12 adjacent plots of land, which extend over a total area of ​​31,485 sq.m.

It should be noted that today was the first time that an attempt was made to sell the entire property, while we remind you that in September 2019, a first attempt was made to auction off part of the property of 7,662 sq.m. with a first offer price of 494,000 euros and I was rushing to the liquidated Agricultural Bank, however it had collided with the fact that the property remained blocked by the Independent Authority for Combating Revenue from Criminal Activity.

It may be a very prominent building, but that alone does not guarantee that there will be interest from potential buyers.

According to estimates, the total amount owed by Mr. Gavalas to banks and the State may today exceed 100 million euros, while only for this property Piraeus Bank has promissory notes and mortgages that exceed 28 million euros and the FAE Athens 11 million euros, at the same time that the promissory notes and mortgages that the Business Collection Unit of AADE has reach 6.625 million euros and IKA Athens 1.8 million euros.

If the property went under the hammer a few years ago then most of the auction would go to cover the debts of the businessman to the State. This, however, has now changed and according to the new legislation, 65% of the auction will be directed to cover the claims of lenders who have mortgages such as Piraeus Bank, 25% will cover the claims of the State and the remaining 10% will directed to other lenders who have no collateral.

Source: Capital

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