Hellenic Republic Asset Development Fund (HRADF / ΤΑΙΠΕΔ)

The Hellenic Republic Asset Development Fund S.A. (HRADF) was established in 2011 according to its founding Law No. 3986/2011 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. The development of public property takes place in accordance with the prevailing market conditions and with guarantees of full transparency. HRADF adopts and implements the Asset Development Plan (ADP), which is reviewed every six months and is authorized by the Government Council for Economic Policy (KYSOIP). In 2021 the role of the Fund was expanded and the Project Preparation Facility (PPF) was set up as a distinct unit within HRADF, with the mandate to prepare and carry out tenders for projects of strategic importance funded by the Recovery and Resilience Fund (RRF). In pursuing the purpose of the Fund, particular care shall be taken to contribute to the achievement of the objectives of the European Green Deal and the 17 Sustainable Development Goals (SDGs) of the United Nations. HRADF’s sole shareholder is the Hellenic Corporation of Assets and Participations (HCAP). To ensure absolute transparency, the Fund publishes quarterly reports, has internal procedures and policies, a published Procurement Regulation, and internal and external auditors. The Fund is a growth multiplier. Its mission is to maximize Hellenic Republic’s revenues by developing public assets and to create added value for the Greek economy, the people, investors, the local communities, the labor market, and the environment.