The Public Properties Company (ETAD), a subsidiary of the National Development Fund, signed the lease of the emblematic “Asani” in Corfu with the company “KONTOS CONCREATE A.T.E.”, paving the way for the restoration and reuse of a property of particular architectural and cultural value.
The duration of the lease amounts to thirty years, with the possibility of extension for another ten years, ensuring the long-term development prospect of the property. The lessee undertakes to implement a significant investment program for the restoration and renovation of the building, the relevant announcement notes.
“Asani” is a six-story building of historical significance, with a total area of 867.40 sq.m., which dominates the central Town Hall square, in the heart of Corfu’s old town. The property is located within the unified archaeological site of Palaiopolis and the old town of Corfu, which is included in the UNESCO World Heritage List.
The development of the historic “Asani” building is part of ETAD’s broader strategic planning for the activation of properties with particular cultural value and their reintegration into the economic and social life of the areas where they are located.
As ETAD’s Chief Executive Officer, Ms. Iro Chatzigeorgiou, stated: “With the signing of the contract, “Asani” is now entering a new period, with the aim of restoring, upgrading and reopening an emblematic building in the historic center of Corfu. It is our priority to develop emblematic properties that require significant interventions, with the aim of preserving and highlighting the cultural heritage and the distinctive architectural character of each area”.