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Elliniko Project to Start as Lamda Set to Pay First Installment

Lamda Development, the firm that is responsible for redeveloping the old Ellinikon Airport, will pay its first down payment next week.

Lamda Development: Political Will Needed for Hellinikon Investment

Lamda Development CEO, Odysseas Athanassiou, said Thursday that the Greek government should demonstrate a political will for the huge investment at the former Hellinikon airport site, to proceed. In an interview with Action 24, Athanassiou stressed the company's readiness to...

Lamda Development Sees New Obstacles in Hellenikon Investment

Greek property developer Lamda said on Friday that new obstacles had appeared in its plans to develop the vacant Hellenikon airport site; one of the largest projects on the country's privatization agenda. Lamda Development is referring to the Culture ministry declaring a...

Lamda Development Ready to Begin Landmark Works at Hellenikon

Lamda Development is ready to begin work on its landmark project at Hellenikon. "We are ready to begin the biggest project of joint reconstruction in Europe and one of the biggest worldwide. Bulldozers will be ready to begin works...

Lamda Preferred for Ellinikon Airport Project

Monday’s meeting of the HRADF Board unanimously declared Lamda Development SA the preferred investor for the acquisition of 100% of Hellinikon SA shares, after the positive feedback from the Council of Experts. This followed the submission of fairness opinions from...

HRADF Approves Lamda Development Project (video)

Skyscrapers by the waterfront, sport centers and 200 hectares of green are part of the plan presented by the Greek company Lamda Development which was accepted by the HRADF (Hellenic Republic Assets Development Fund). Lamda Development used a two and...

Edessa: The Greek City of Water and the Five Senses

Get to know Edessa, the Northern Greek city referred to as the “City of Water and of the Five Senses,” which is home to thermal springs and the famed Edessa Waterfalls. Edessa is the capital of Pella, located in the...

Hellinikon Park in Athens to Be Bigger than Hyde Park in London

The Hellinikon Park, which is currently under development just south of Athens, will be bigger than both London's Hyde Park and Central Park in New York City. In fact, when completed, the Hellinikon (Ellinikon) Park will be the largest coastal...

Multinational Firms Heavily Invest in Data Centers in Greece

A number of multinational firms have invested heavily in building huge data centers in Greece over the past two years. After over a decade of being at the bottom of data gathering in southwest Europe, Greece is slowly becoming...

Hellinikon Casino to Be Completed in 36 Months Says Mohegan

Construction of the casino at Hellinikon will be completed in 36 months, said CEO of Mohegan Gaming and Entertainment (MGE) Ray Pineault

Hellinikon Development Spurs Athens Riviera Real Estate Investment

The redevelopment of Athens' former airport, Hellinikon, has resulted in a great deal of interest in real estate along the Athens Riviera.

Greek Parliament Ratifies Contract for Hellinikon Project

The Greek Parliament ratified a contract transferring partial ownership of the Hellinikon former airport site to Greek developer Lamda.

Major Foreign Investments Expected to Help Greece Rebound from Covid-19 Crisis

While economies across the world have all been hit hard by the coronavirus pandemic, new foreign investments in Greece are expected to help the country bounce back, promising much-needed growth in 2021. The Greek economy is estimated to shrink by...

Athens Area Poised to Get First Skyscrapers at Hellinikon

After breaking ground Friday, signaling the beginning of work for the Hellinikon Project - the largest development and investment project in Greek history - the construction of the very first skyscrapers in Athens is set to begin. The project, on the...

Greece At Last Launches Construction Works for Massive Hellinikon Project

Greece inaugurated on Friday the start of construction work on a long-delayed major development project at the prime seaside site of Hellinikon, the old Athens airport. Lamda Development, which is undertaking the investment, plans to turn the seaside plot into...