Brook Lane Capital

New residential development investments, totaling 300 million euros, are expected at Elliniko, following the completion of the sale of five plots, totaling 51,000 square meters, by Lamda Development. The buyers are four real estate investment and development groups: Brook Lane Capital, the Dutch Ten Brinke as well as Greek groups Hellenic Ergon and Daedalus Development.

With sales in the residential areas running, having reached almost 100% for the beachfront residences and 65% for the apartments that went on the market at the end of 2023, and the individual developments within the area gradually locking in, the pieces of the puzzle of the Hellenikon mega investment are now coming together at an accelerated pace.

The establishment of a special purpose company of Brook Lane Capital with Hellenic SA Lamda Development was announced with the purpose of jointly developing a mixed-use tower in Ellinikon in the area of ​​Vouliagmeni AvenueIn the announcement of.

Eurobank said on Thursday it was selling two real estate portfolios worth a combined 84 million euros to Brook Lane Capital and plans to put a third portfolio up for sale.
Eurobank, which is 2.4 percent owned by Greece's HFSF bank rescue fund after being bailed out during the country's debt crisis, repossessed most of the properties, residential and commercial, after loan defaults.