TAIPED finally finds suitors for Afandou properties

By Vangelis Mandravelis

Following the third sale announcement, state privatization fund TAIPED has managed to find five candidate buyers for the two plots up for grabs at Afandou on Rhodes.

The fund announced on Tuesday it has received two binding bids for the plot in northern Afandou, which includes a golf course, from M.A. Angeliades Inc for 26.9 million euros and from Dimand SA for 17.5 million. The three binding offers for the plot in southern Afandou came from M.A. Angeliades Inc. (13.9 million euros), T.N. Aegean Sun Investment Ltd (15 million), and I. Hatzilazarou Enterprises (12.35 million). The two plots cover a total surface area of 1.8 square kilometers.

TAIPED intends to ask the two highest bidders for southern Afandou to raise their offers and then to choose the preferred bidders by August 8.

The fund also announced the launch of an international tender for the sale of five overseas properties belonging to the Greek state. These are a building of 750 square meters in Washington DC, a property covering 960 sq.m. in New York, a 400 sq.m. building in Pretoria, as well as two properties in Ljubljana and Belgrade that have featured in previous tenders without success.