Greece to sell a part of Corfu island

Greece launches tender for land on Corfu island

Greece tries to raise 19 billion euros by 2015 through privatizations and concession sales. The Hellenic Republic Asset Development Fund, Greece’s privatization fund, has launched a tender for the exploitation of a large seaside plot on the western resort island of Corfu. The fund is seeking to sell the “right of surface” for the 120-acre, forested property for up to 100 years.

A statement from the fund invited investors to submit expressions of interest by April 10 in the property, which is in the northwestern Kassiopi area. The fund has already launched tenders this year for the sale of the DEPA gas company and commercial real estate in Athens, informs AP.