Many suitors for Elliniko development

Considerable interest is emerging in the tender for the development of the Elliniko plot in southern Athens as the deadline for the submission of nonbinding bids approaches. Sources from the state privatization fund (TAIPED) speak of at least 10 interested parties, half of which are based abroad, mostly from Asia. The are said to include Qatar Investment Authority and Solidere from Lebanon. TAIPED members are saying that the interested parties also include Chinese investors in association with Greek company Folli-Follie, and a Swiss investment group in cooperation with Lamda Development. The same sources also speak of interest from Israel and Korea.

All those companies easily clear the threshold TAIPED has set for entering the competition, namely the possession of assets valued at least at 350 million euros. The deadline for expressions of interest is March 30, but the considerable interest means that there might be an extension, which should be decided this week.

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