Lamda

The inflow of real estate investment companies (REIC) into the stock market will continue in 2024.

After the stock listing first of Trade Estates REIC, of the Fourlis group, and recently of Orilina Properties REIC, three more companies are in line. They are Noval Property REIC, of the Viohalco group, Intracom Properties and Lamda Malls, of the Lamda Development group.

December appears to have started in a relatively slow mode for the Greek stock market, despite the Fitch Ratings boost last Friday and the decline in Greek bond yields. On Tuesday prices at Athinon Avenue headed lower, though their decline was contained during the closing auctions, while trading remained below the 100-milllion-euro mark. 

The unexpected move by Italy's government to slap a windfall tax on local banks and Moody's downgrading of certain US banks affected European stock markets negatively on Tuesday, leading investors to sell shares and turn to government bonds. Athens followed.

The concession process for some of the country's marinas is speeding up

At the same time, two business schemes - the subsidiary of Lamda Development, Lamda Marinas Investment, and CVC Capital's D-Marinas Hellas - have emerged as key players, controlling an increasing number of marinas, while other powerful groups are now claiming a share.