London Academy of Music and Dramatic Art

Lamda Development presented plans on Tuesday for the utilization of the old airport plot at Elliniko, southern Athens, with the investors who have undertaken the development of the 6.3-square kilometer site (the Latsis Group’s Lamda, Al Maabar from the United Arab Emirates and China’s Fosun Group) claiming they are ready to start work at Elliniko from today.

The Elliniko development will open to the public in three years’ time, with work starting in 2015 when Lamda Development pays its first installment to the state for the coastal plot, privatization fund TAIPED told a press conference on Thursday.

“The added value for the country is huge,” TAIPED head Constantinos Maniatopoulos said.