Greece asks two bidders to raise offers for former U.S. military base in Crete

Reds Real Estate Development and Services SA

25/11/2021 14:47

ATHENS, Nov 25 (Reuters) - Greece on Thursday asked two
bidders to raise their financial offers for a sprawling former
U.S. military base on the island of Crete, its privatisation
agency (HRADF) said.
    Four investors bid last month to acquire the 85 acre plot in
Gournes, outside the city of Heraklion, and turn it into a
seaside tourist resort with an entertainment park.  urn:newsml:reuters.com:*:nL8N2RB499
    HRADF said that after short-listing three of them it
unsealed their financial offers. 
    In line with the tender's rules which stipulate that a
bidder's offer can fall short of the highest one within a
certain range, HRADF asked two bidders, Greek developers Dimand
and Reds, to improve their offers separately via an e-auction
due on Dec. 6, it said.
    The euro zone's most indebted country has raised more than 7
billion euros ($7.85 billion) from state asset sales since HRADF
was set up in 2011.
($1 = 0.8917 euros)

 (Reporting by Angeliki Koutantou;Editing by Elaine Hardcastle)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))