Lamda eyeing partners for huge Elliniko development project in Athens

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Lamda eyeing partners for huge Elliniko development project in AthensElliniko model favors the formation of consortiums for the development of various partial projects

At Lamda Development’s extraordinary general meeting last week concerning the approval of a 650-million-euro share capital increase, the construction firm launched its mission to forge strategic partnerships for the development of the Elliniko plot in southern Athens, according to ekathimerini.com.

The Athens-listed company’s chief executive, Odisseas Athanasiou, pointed out to shareholders that the Elliniko model favors the formation of consortiums for the development of various partial projects: “We want to build a project that will also attract foreign investors,” he said.

Asked about the possibility of the participation of the Constantakopoulos family’s TEMES Group in the development of any of the three hotels (excluding the planned casino), Athanasiou responded that that name along with others including the Andreadis family’s Sani/Ikos Group are national champions and could help as Lamda’s partners.

The word on the market recently is that AGC, which has acquired the Astir Palace Resort at Vouliagmeni and is developing a hotel in Mykonos, has also approached Lamda with an interest in the hotels planned. Elliniko has also drawn the attention of property development and construction firms interested in various residential projects at the old Athens airport, including the high-rise next to the marina.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Konstantin von Wedelstaedt

 

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