The new Ellinikon Experience Park, at the former Athens airport, from December 20 will offer Athenians and travelers a chance to get away from the urban mayhem.
Lamda Development will invest over 600 million euros in a new state-of-the-art commercial center at the former Athens airport on the city’s southern coast.
The highly anticipated Hellinikon project in Greece, expected to take the Athenian Riviera to the next level, has received a new approval of the work plan by the Central Archaeological Council (KAS).
Development of the delayed multi-million-euro Hellinikon project is moving ahead “one step at a time", according to Deputy Economy Minister Stergios Pitsiorlas.
Hellinikon Global, the managing investor of the Hellinikon project, said that the investment cannot proceed due to continuous set backs and political double speak.
Of the 10 conditions for the Hellinikon project to move ahead only one has been met, while investors say it will take a decade to clear outstanding issues.
The Hellinikon project is facing a new obstacle as the Central Archaeological Council (KAS) must now decide on whether or not to allow the construction of six high-rise buildings.
The Hellinikon project is still in limbo after the Central Archaeological Council postponed its decision on whether the site has areas of archaeological importance.
An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a multi-purpose hub, was given the green light by majority vote in Greek parliament.
The massive and highly anticipated Hellenikon project along the Athenian Riviera is expected to boost state coffers by some 14.1 billion euros in tax revenues between 2016 and 2041, according to the Athens-based Foundation for Economic and Industrial Reseaerch (IOBE).
