Two new vehicles for Elliniko

Lamda Development is set to form two new consortiums with major domestic and international groups from the sector of real estate and institutional investments, aimed at developing two new projects at the landmark cluster of Elliniko on Athens' southern coast.

The first project concerns a high-rise, around 150 meters tall, near Vouliagmenis Avenue. The specially designed building is expected to host office spaces and other commercial activities in one part, and operate as a four-star hotel in another. Kathimerini understands that this is the most mature of the two projects, attracting interest from major real estate and private funding firms.

The other project also concerns a high-rise that will host apartments and is set to be constructed near the seafront and the marina.

The framework of these two consortiums is similar to that used in the agreement with TEMES...