The Hellenic Republic Asset Development Fund (HRADF) was established in 2011 with an initial mandate to develop the State’s private property assigned to it by the Hellenic Republic. HRADF operates to serve the public interest, according to the rules of the private economy and has a portfolio which includes real estate and infrastructure assets, as well as listed companies. The development of the Fund’s assets is implemented in accordance with the prevailing market conditions and with guarantees of full transparency. HRADF’s sole shareholder is the GROWTHFUND – The National Fund of Greece.

Since its establishment in 2011, the Fund has completed over 50 projects with proceeds amounting to nearly 10 billion euros and has successfully reviewed over 1,000 properties for development. These projects have mobilized over 20 billion euros and have an annual contribution to Greece’s GDP which exceeds 1 billion euros.