The Ministry of National Economy and Finance has completed the unsealing of binding offers for the Property Acquisition and Leaseback Agency, marking a decisive step toward its implementation.
According to an official announcement, the relevant committees determined that a single Binding Offer was submitted — specifically from the economic operator Christofferson, Robb & Co, LLC.
Following a review confirming the completeness of the submitted file and its compliance with the tender requirements, this economic operator was named Provisional Contractor.
Once the Provisional Contractor submits the required award documentation and it is deemed complete, they will be declared the Definitive Contractor and invited to sign the Concession Agreement, which will subsequently be submitted to Parliament for ratification.
Property Acquisition and Leaseback Agency: Set to launch this autumn
Following these steps and upon the appointment of the Definitive Contractor, the multi-stage process of selecting the strategic investor who will manage the Property Acquisition and Leaseback Agency will be concluded. According to the Ministry of National Economy and Finance, the Agency is expected to become fully operational this autumn.
A key factor in this direction is the active participation of systemic banks, which are reinforcing the scheme with €100 million, following a direct agreement reached with the investor.
Until the Agency is fully activated, the Interim Support Programme for vulnerable debtors remains in effect. Under this programme, enforcement proceedings against a debtor’s primary residence are immediately suspended, while a state loan instalment subsidy of up to €210 per month is simultaneously provided.
