The Hellenic Republic Asset Development Fund (TAIPED) recently announced the highest bidders of the tender for the utilization of two properties in Afandou on Rhodes, Greece. The deal for the Afandou assets amount to 42.1 million euros.
US based M.A. Angeliades Inc., that offered 26.9 million euros, was declared the investor for the 1.36 square kilometers North Afandou plot that includes a golf course.
The company T.N. Aegean Sun Investments Limited was declared the investor for the South Afandou plot after submitting an offer of 15.2 million euros.
According to TAIPED, both investments are expected to exceed some 300 million euros.