ECONOMY

Seven groups bid for Rhodes property

Greece?s state asset sales fund said on Tuesday that seven groups have expressed interest in the Afandou real estate property on the island of Rhodes.

International and domestic groups expressed interest in developing the property, which includes an 18-hole golf course, according to an e-mailed statement from the Athens-based Hellenic Republic Asset Development Fund (TAIPED).

The fund said it will shortly announce the names of parties who meet the criteria to proceed to the second phase of the tender. ?Despite the damaging turmoil and controversy about Greece, international investor interest remains high for the assets we are charged with developing,? Executive Director Andreas Taprantzis said in the statement.

TAIPED head Takis Athanasopoulos and CEO Ioannis Emiris took part yesterday in a meeting with Prime Minister Antonis Samaras and Finance Minister Yannis Stournaras on the country?s state asset sales and real estate development plans, according to an e-mailed statement from the premier?s office. [Bloomberg]