Elliniko, Skaramangas clauses approved
Elliniko, Skaramangas clauses approved A Finance Ministry bill ratifying the concession for the casino in the Elliniko project and legislating the restarting of Skaramangas Shipyards was approved in a plenary session vote in Parliament late on Tuesday. The bill was accepted in principle by ruling New Democracy and the opposition PASOK-KINAL party, while it was […]
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Elliniko, Skaramagas regulations set for Tuesday vote
Elliniko, Skaramagas regulations set for Tuesday vote The first reading of a Finance Ministry bill ratifying the concession for the casino at Elliniko and legislating the restart of Skaramagas Shipyards was completed at the Parliament’s Standing Committee on Economic Affairs on Friday. Voting on the fast-track bill is scheduled in the plenary on Tuesday after […]
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Hard Rock, GEK Terna confirm Elliniko casino plans
Hard Rock, GEK Terna confirm Elliniko casino plans Hard Rock International and GEK Terna on Wednesday announced their partnership for the development of the integrated hotel complex with a casino at Elliniko. The agreement stipulates that the US multinational will hold 51% of the share capital of the investment body, while the Greek group will […]
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Elliniko luxury housing project taking shape
Elliniko luxury housing project taking shape Lamda Development and its partners will deliver four new hotels, 27 villas, 100 maisonettes and 200 apartments in the Elliniko Marina Tower in the next five years. The villas, maisonettes and apartments alone will bring in revenues of 950 million euros, of which some €250 million is expected within […]
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Lamda has mostly sold Elliniko villas and Marina Tower flats
Lamda has mostly sold Elliniko villas and Marina Tower flats The potential future revenues of Lamda Development from the first few residential projects at the Elliniko plot in southern Athens are already estimated at 685 million euros, after the company paid the first tranche of €300 million to acquire Elliniko SA, the vehicle for the […]
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GEK Terna in talks with Hard Rock
GEK Terna in talks with Hard Rock The first stage toward the contract for the Elliniko casino is set to be completed within the next couple of weeks with listed constructor GEK Terna as the sole shareholder. It will have Mohegan as its partner, but the US company will have no stake in the concession […]
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Kondylis to OT.gr – The investment in Elliniko and the renovation of Alimos marina are a “trigger”
Kondylis to OT.gr – The investment in Elliniko and the renovation of Alimos marina are a “trigger” Andreas Kondylis, Mayor of Alimos, first mentioned that Alimos is a municipality with thousands of years of history and a cultural heritage with archaeological monuments. However, as he pointed out, many of these archeological monuments are not widely […]
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The changing face of the coastal front in Elliniko
The changing face of the coastal front in Elliniko Lamda Development will seek to create a new commercial and tourist pole that will upgrade the Athenian Riviera to a high standard destination throughout the year. The regeneration of the 3.5 km long coastal front of Elliniko, is a separate development with a budget that will […]
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Elliniko hotel operators to be named in September
Elliniko hotel operators to be named in September The hotel groups that will undertake the operation of the two complexes that will be developed by the TEMES-Lamda consortium at the Elliniko seafront will be announced in September. This is one of the central investment projects at the plot as it will play a decisive role […]
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Prices in Elliniko are comparable to New York, Shanghai, Geneva
Prices in Elliniko are comparable to New York, Shanghai, Geneva Elliniko’s project and the housing and tourism development plan presented by Lamda Development rank the region among the most expensive markets in the world, with prices per square meter now being comparable to those in New York, Shanghai and Geneva. At the same time, the […]
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Elliniko to get high-end mall
Elliniko to get high-end mall Lamda Development is eyeing the creation of a new commercial and tourism attraction for visitors from Greece and abroad with a complete makeover of the entire Elliniko plot’s seafront, stretching across 3.5 kilometers. The focus of the southern Athens investment will be the Marina Galleria mall, covering 22,000 square meters […]
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Elliniko: Nine thousand homes some at affordable prices
Elliniko: Nine thousand homes some at affordable prices In addition to the luxurious houses and apartments in the 200-meter tall skyscraper, in the area of Elliniko, there are also plans to create about 9,000 houses for the general public. In other words, people of medium and higher financial abilities, who will give life and maintain […]
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ATHEX: Lamda helps benchmark post a rise
ATHEX: Lamda helps benchmark post a rise Elliniko project contractor Lamda Development led the way at Athinon Avenue on Friday, carrying blue chips and the benchmark to small gains in a session that mitigated the drop in the third consecutive week of losses on the local bourse. The Athens Exchange (ATHEX) general index closed at […]
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Investments increase 8.6% despite the pandemic, says minister
Investments increase 8.6% despite the pandemic, says minister The Elliniko development project will change Greece’s image and create a new urban hub within the capital city, Development & Investments Minister Adonis Georgiadis told The Economist’s 25th Roundtable with the Government of Greece in Athens on Friday. The minister noted that some 10,000 jobs will be […]
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Elliniko versus the city
Elliniko versus the city As the Elliniko development on Athens’ southern coast gets on the road toward its implementation and more and more details come to light, the magnitude of this colossal endeavor is starting to become apparent. What it entails, in fact, is the construction on the plot of the old airport of a […]
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Elliniko: Poseidonos Avenue to go underground
Elliniko: Poseidonos Avenue to go underground The rolling of the large investment of Elliniko, with a total budget of 8 billion euros, last week paves the way for the start of the first phase infrastructure projects, amounting to 500 million euros, which will fully unfold in the next year and a half. Poseidonos Avenue going […]
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Elliniko: Prices for skyscrapers are up to 25,000 euros per square meter
Elliniko: Prices for skyscrapers are up to 25,000 euros per square meter The CEO of Lamda Development, Odysseas Athanassiou, spoke about the emblematic project of the redevelopment of Elliniko, revealing the sale prices of houses. According to Mr. Athanassiou, the prices of the 9,000 houses that will be built inside Elliniko are for all wallets […]
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Elliniko homes selling fast
Elliniko homes selling fast Elliniko mega-project contractor Lamda Development has been approaching selected candidates for its planned Marina Towers luxury apartments, at rates starting from 7,500 euros per square meter and up to €26,200/sq.m., depending on the view and level. According to the company, interest is particularly strong, both from foreign and, particularly, from domestic […]
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PM hails Elliniko development deal
PM hails Elliniko development deal Prime Minister Kyriakos Mitsotakis welcomed the start of the implementation of the Elliniko investment project with a post on social media on Friday, the day Lamda development signed the agreement for the acquisition of Elliniko SA, the vehicle that will be carrying out the project. “Today marks the payment of […]
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Elliniko finally passes on to Lamda Development
Elliniko finally passes on to Lamda Development A decade after the start of the concession process for the former Athens airport plot at Elliniko, the vehicle to implement its development into the biggest commercial and residential project in the Balkans has finally been passed on to contractor Lamda Development. The Athens-listed company on Friday handed […]
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Greece Starts Work at Elliniko on the Athens Riviera
Greece Starts Work at Elliniko on the Athens Riviera How could Elliniko look like upon completion. Credit: Lamda Development Property developer Lamda Development paid a first €300m instalment on its 99-year lease to begin transformation of Elliniko, the site on Athens’ old airport. The Greek state is the beneficiary of the downpayment, which will go […]
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First major Elliniko deal drops
First major Elliniko deal drops Lamda Development announced on Tuesday the first major commercial agreement in retail for the Eliniko project, with Fourlis SA as the strategic partner. The deal concerns a large section of the old Athens airport plot, next to one of the two malls Lamda intends to develop, near Vouliagmenis Avenue. Lamda […]
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Adonis Georgiadis: The project at Elliniko will create 10,000 jobs
Adonis Georgiadis: The project at Elliniko will create 10,000 jobs “Within a week, we will have the start of the largest private and public project that has been undertaken in Greece,” Adonis Georgiadis told ERT, referring to the transfer of Elliniko SA. to Lamda Development and the signature for Metro line 4. Speaking from the […]
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Completion of Elliniko deal
Completion of Elliniko deal The transfer of 100% of Elliniko SA to Lamda Development will be completed next Friday, June 25. The contractor announced on Wednesday it will pay the first tranche of the total price of 915 million euros, amounting to €300 million, and deliver a letter of guarantee for €347 million to the […]
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Elliniko Project to Start as Lamda Set to Pay First Installment
Elliniko Project to Start as Lamda Set to Pay First Installment A mockup of the proposed Ellinikon Development along the Athenian shoreline. Credit: Betoota44/Creative Commons Attribution-Share Alike 4.0 International Lamda Development, the firm that is responsible for the gargantuan redevelopment of the old Ellinikon Airport, will pay its first down payment for the project next […]
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New era for the Elliniko project
New era for the Elliniko project The emblematic work of the renovation of the area of the Metropolitan Pole of Elliniko and Agios Kosmas is changing page, now passing to the stage of the construction works of the individual investment plans. According to information, by next Friday, June 25, the Greek state and the private […]
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Mohegan cuts Elliniko stake
Mohegan cuts Elliniko stake A new balance is emerging in the consortium that will develop the integrated casino complex at Elliniko following the partial decision by Mohegan Gaming & Entertainment (MGE) to stop being the project’s leader, according to senior government officials. A reduction of the MGE participation, or even a possible departure, will create […]
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Lamda speeds up Elliniko transaction
Lamda speeds up Elliniko transaction Lamda Development has decided to move on to the completion of the financial transaction with the state asset utilization fund (TAIPED) for the acquisition of 100% of Elliniko SA, the company that will develop the plot of the old Athens airport site. The Athens-listed construction company resorted to this decision […]
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Elliniko rights approved by parliament
Elliniko rights approved by parliament A Finance Ministry plan on the Elliniko project was approved by the Parliament’s plenary on Thursday by a wide majority. The draft ratification of the contract to transfer property rights between the Hellenic Republic Asset Development Fund (TAIPED) and Elliniko SA was approved by ruling New Democracy, main opposition SYRIZA and […]
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The contract for Elliniko was ratified in Parliament
The contract for Elliniko was ratified in Parliament The contract “transfer of rights in rem due to a contribution in kind in exchange for a share capital increase between the Hellenic Republic Asset Development Fund (HRADF)” . and on the other hand of Elliniko – Hellenic Airport Real Estate Management and Utilization Company SA was […]
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