By Sharon
Smyth and Eleni Chrepa Oct 10, 2014 1:02
PM GMT+0300
Bloomberg
The Greek
fund charged with selling state assets will attempt to raise 400 million euros
($508 million) by securitizing real estate in a move designed to attract
investment to the debt-stricken country.
The
Hellenic Republic Asset Development Fund will sell shares in a company with
about 300 properties ranging from retail, office and tourism-related real
estate including land for development, Andreas Taprantzis, the fund’s executive
director, said in an Oct. 8 interview in his Athens office. The company will then sell
debt backed by the properties.