Hellenikon Metropolitan Park

LAMDA Development has released an update on key milestones of the Elliniko project, which is in full progress, ahead of the publication of its H1 2024 financial results.

Here are the main developments:

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.

A couple sit on a bench at the Antonis Tritsis Environmental Awareness Park in Ilion, western Athens, on Saturday. After years of neglect caused by underfunding, a new master plan, set to be completed by the summer of 2017, promises a new lease on life for Attica's biggest metropolitan park.

Greece has given the only bidder in a deal to develop the former Athens airport of Hellinikon a week to improve its offer, the country's privatisations agency HRADF said on Wednesday.

Three times the size of Monaco, Hellenikon, one of Europe's biggest real estate projects, is crucial for the debt-laden country to meet its 2014 privatisations target.