By Liza Jansen, CNBC.comGot some cash to spend? How about a piece of the Greek islands of Rhodes or Corfu? Or a royal palace, a marina, or even a consulate building?
As Greece is struggling to appease international lenders and live up to the conditions of its bailout, the debt-choked nation is speeding up the sale of state assets by expanding its privatization program.
Greece’s state fund (Hellenic Republic Asset Development Fund or HRADF) now has more than 70,000 state-owned properties on offer for investors and it aims to generate 19 billion euro ($24.5 billion) by 2015 via the sales.
The state’s properties include a 119,800 square-meter peninsula with a palace hotel complex and a marina, a 450,000 square-meter area in Rhodes with an 18-hole golf course and four miles of beach, a coastline in Corfu, an airport area in Athens and the 2004 Athens Olympics broadcast center.
NBCNews