Greece’s state asset sales fund has picked the firms that will proceed to the next phase of tenders in three real estate projects as the government revives its privatization program.

Four companies were selected for the next phase of the Elliniko project near Athens, according to an e-mailed statement from the Hellenic Republic Asset Development Fund (TAIPED).

They are: Elbit Cochin Island Ltd, Lamda Development SA, London & Regional Properties and Qatari Diar Real Estate investment Co QSC. Atlantica Hellas SA, Lamda, London & Regional, Minoan Group Plc, NCH Capital Inc and TEMES SA have been selected for the next phase of a project on the island of Rhodes.

The fund said it also approved a draft contract to lease a conference center for 90 years, a contract for Public Power Corp SA to be compensated for waiving its right to buy up to 30 percent of the DEPA gas company, terms for the first phase of the sale of DEPA, and an agreement with National Bank of Greece SA. [Bloomberg]