The Hellenic Republic Asset Development Fund (HRADF) has announced a tender for the development of Possidi Beach on the Kassandra Peninsula. The 12.9-hectare site, which includes a 620-meter beachfront and camping facilities, is located near popular tourist destinations and the Sanctuary of Poseidon. The property offers potential for luxury hotels, holiday homes, and leisure facilities, with a 99-year concession for the successful bidder.
Tag: HRADF
Greece’s Hellenic Republic Asset Development Fund (HRADF) has signed a 40-year sub-concession agreement with Lamda Corfu Marina for the construction and management of a Mega Yachts Marina in Corfu. With an investment exceeding €50 million, the marina will feature 410 berths for yachts up to 140 metres, marking Greece’s largest greenfield marina project in two decades.
The preferred investor for LARCO’s assets, GEK Terna and AD Holdings, has withdrawn interest due to unfavorable conditions in the global energy market and the metals industry. The Greek Ministry of National Economy & Finance announced the cancellation of the tender and plans to redesign the transaction structure for a future auction.
Greece will establish its first sovereign wealth fund, seeded with €300 million, to manage and sell remaining state assets like property, ports, and utilities. Proceeds will be invested in green projects, infrastructure, and new technologies. Financial advisor BlackRock will help structure the fund.
Welcome to the news! Today in Athens, Greece, a major privatization deal has been successfully…
The Hellenic Republic Asset Development Fund S.A. (HRADF) on Tuesday launched a tender process for…
The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF), a member of…