Hellenic Public Properties Company

Hellenic Public Properties Company (ETAD) is a Greek state-owned entity responsible for managing public real estate assets. It operates under the aliases Εταιρεία Ακινήτων Δημοσίου and ΕΤΑΔ, with its headquarters located in Greece. The company’s core activities involve the administration, maintenance, and potential disposal of government-owned properties, serving the public sector and related markets. It functions as a custodian of state real estate, aiming to optimize the use and value of these assets. While specific details about its portfolio size or geographic reach are not provided in the source material, its role is inherently tied to the management of public property within Greece.

ETAD is distinguished by its public mandate and its experience with cybersecurity incidents, notably a ransomware attack on 8 November 2023 that encrypted systems and prompted a ransom demand which the organization refused to negotiate. In response, ETAD activated emergency protocols, isolated affected systems, relied on backups and independent servers to restore operations, and confirmed that its systems were operational after the incident. The company emphasized that it had upgraded security measures following a prior ransomware event at another Greek institution and utilized cyber insurance coverage to mitigate damages, while notifying relevant authorities. The attack led to the encryption of systems, but ETAD denied claims of broader impacts on linked entities. As a state-owned enterprise, ETAD’s ownership rests with the Greek government, and no parent or subsidiary relationships are specified in the available information.