The Hellenic Republic Asset Development Fund (“HRADF”) informs the interested investors, who have been invited to submit offers for the aforementioned real estate property, that on 12 March 2013 the District Court of Nicosia issued a provisional order, prohibiting the sale of the particular asset until such order is revoked by the same Court that has issued it or until the lawsuit filed on the same date by the Holy Monastery of Kykkos (“Iera Moni Kykkou”) before the same Court against the owner of the asset, namely against the Hellenic Republic, becomes final.
According to its lawsuit against the Hellenic Republic, Iera Moni Kykkou claims the return of the property based on the allegation that the Hellenic Republic is supposedly in breach of a certain condition set by the plaintiff at the time when it sold and transferred the particular property to the Hellenic Republic, not questioning, though, the transfer in any way whatsoever.
For further info, please refer to the announcement found in the page’s “Relevant Files” section.