HRADF: Completion of the South Afandou property sale to T.N. Aegean Sun Investment Ltd.

The launch of an important tourism development project in the island of Rhodes marks the completion of the agreement for the granting of the property in the South Afandou region.

The Executive Chairman of HRADF, Mr Aris Xenofos and the legal representative of T.N. Aegean Sun Investments Ltd, Mr Vasileios Nicolaides signed today the agreement for the sale of South Afandou estate, followed by the financial closure of the transaction with the payment of a lump sum of €15.2 million.

For more information refer to the attached document.