Lamda working on millions of euros of deals at Hellinikon

Following the agreement with TEMES on the construction of two luxury tourist complexes on the coastal zone and a second with the Fourlis group on a commercial development on the side of Vouliagmeni Avenue, the management of Lamda Development is expected to announce in coming weeks the strategic partner for development. of the office tower at Hellinikon.

Then we will know whether a scheme under a US investment company has won the relevant tender, as sources have indicated.

Yesterday, at Lamda Development’s general meeting, CEO Odysseas Athanassiou said that the tender has been completed and the approval of the best offer by the board of directors is pending.

The tourist complex with casino remains pending, with Athanassiou claiming that he agreed with the Inspire Athens consortium to have its final proposal presented by the end of September. Depending on the proposal, the next steps will be decided in October and the CEO stressed that, in any case, a tourist complex will be built, as the goal remains to attract foreign tourists.

Lamda was asked yesterday about the other areas in which there will be collaborations. As Athanassiou said, the first five years include investments for the development of sports facilities, training facilities and health and wellness infrastructure. For all three sectors, discussions have taken place with Greek and foreign groups, as the total investments exceed 200 million euros.

According to the CEO, the company will participate in some of them, while in others others the land will be granted, as will happen with the training services. Both in the field of education (where discussions are held with private higher education institutions) and sports, international collaborations are also being considered. The same is true in the field of health and wellness services that can support the group's design for high quality tourism without the current seasonality.

Instead, despite the initial planning, Lamda Development will go ahead with the plan for the first residential tower that will be presented in early July. Many Greek and foreign groups had submitted proposals for this project. However, the high demand led the company's management to the decision for autonomous implementation of Greece’s first skyscraper, with a height of up to 120 meters.

A new scheme is expected to be created for the development of the other office buildings in Hellinikon.

The concession of land to strong groups in order for them to build their headquarters is also being considered, amid rumors of interest from at least two banks.