Avax

Three investment schemes expressed strong interest in the tender for the development of the Andreas Lentakis Governmental Park, worth 421 million euros (plus VAT) and which will include government services and a public park, the Hellenic Republic Asset Development Fund (TAIPED) announced on Friday.

Construction group Avax is expected to secure multiple benefits from the liquidity of 300 million euros through the issuance of a loan with a duration of seven years. The loan will be concluded between Avax Concessions and Piraeus Bank, Alpha Bank, National Bank, Bank of Cyprus and Attica Bank.

The shareholders of Attiki Odos (Ellaktor 65.7% and Avax 34.2%) collected dividends totaling 516 million euros in the period from 2019 to the year 2023.

Greek construction group Avax announced on Tuesday the signing of a contract with the Mass Group Holding (MGH) concerning the study, construction and operation of an open-cycle energy production unit in Iraq with a capacity of 282 megawatts, for a total budget of $82 million.

Lamda Development announced on Tuesday the signing of the definitive agreement with the Brook Lane investment firm for the establishment of the Ellinikon Park Tower company, which will be the vehicle for the development of another tower at Elliniko.

It is a mixed-use property with an estimated investment above 500 million euros.

Projects worth 17.1 billion euros are expected to be implemented in the coming years by the four large domestic construction groups GEK Terna, Intrakat, Avax and Mytilineos.

Construction company AVAX Group gave a tour to press representatives on Thursday of the Katehaki metro tunnel, where work is being carried out for Line 4 of Athens metro.

The first 700 meters of tunnel has already been opened by the first of the two tunnel boring machines deployed. The final destination is Evangelismos station, in central Athens.

Six of the eight investment schemes that participated in the final phase of the tender for the new Attiki Odos concession contract submitted binding financial offers by Monday's deadline.

A consortium comprising Greek construction company Avax and Italian group Rizzani has been chosen by Lamda Development for the development of the Vouliagmenis Mall Complex, which will be the largest shopping center in Greece, Avax reported on Thursday.

This is also the largest individual project Lamda is planning for its major development at Elliniko, southern Athens.

Türkiye's local electric car Togg, which has made its digital platform Trumore available on the App Store, Google Play and App Gallery, offers 2023 NFTs specially prepared for the 100th anniversary of the republic with the auction it will launch through this application.