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Anna Sofroniou: Creating a Property Management Unit at BoC

Anna Sofroniou: Creating a Property Management Unit at BoC

Bank of Cyprus decided to proceed with the creation of a Property Management Unit, in order to better manage its assets, and in particular, the properties they had in their possession due to debt swap, said Anna Sofroniou, Director of the Real Estate Management Unit of the Bank of Cyprus.

The traffic reportedly began to yield as of 2016 and 2017, and sales have exceeded the targets.

Speaking at the 2nd International Investors Summit, Sofroniou also referred to the sale of two properties worth a total of 110 million euros as an example.

 

About

The 2nd Cyprus International Investors Summit presents investment opportunities in the Property, Real Estate and Leisure sectors in Cyprus and it is organised by Invest Cyprus (CIPA). This event is a perfect platform for institutional investors, investment firms, real estate agents, citizenship specialists, real estate lawyers, family offices and property/leisure fund providers to network with local companies involved in the sales and promotion of the real estate/leisure markets.

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