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Lamda Says Ready to Get Hellinikon Works Underway but Still Waiting

Lamda Development is ready to proceed with the next phase of the Hellinikon project to transform Athens’ former airport into a metropolitan park.

A Forest the Latest Hurdle for Greece’s Hellenikon Project

A section of the Hellinikon property, where Lamda Development and Global Investment Group plan to erect a full-service resort, has been declared a forest area.

Athenian Riviera Casino Resort Gets Green Light

The Greek Finance Ministry has tabled a draft bill in parliament that gives the green light for a casino to be built in Hellenikon.
Posted On 13 Dec 2016

Hellenikon Project: Casino Resort with Skyscraper First to Go Up?

The first building to be constructed as part of an eight-billion-euro project to develop Hellenikon, Athens’ former airport is said to be a casino resort on the Agios Cosmas marina along the Athenian Riviera.
Posted On 05 Dec 2016

Opposition Over Antiquity Report Stumbling Block for Hellenikon Revamp Project

Plans to transform the abandoned Hellenikon airport complex in Glyfada into one of Europe’s largest coastal parks may yet again be put on the back burner after the culture ministry’s archaeological service through a document called for a listing of archaeological sites on the...
Posted On 09 Aug 2016

Hellinikon Upgrade Project on its Way to Becoming a Reality

A Memorandum of Understanding (MoU) was signed on Tuesday between the Hellenic Republic Asset Development Fund (TAIPED) and Lamda Development, which amends the existing share sale and purchase agreement of the Hellinikon former airport.
Posted On 07 Jun 2016

Privatization of Greek Airports, Ports Pick Up Pace?

The privatization of Greece’s airports and docks, a subject of controversy over the past few months, is said to be proceeding full speed ahead.
Posted On 07 May 2015

Major Works in Greece Hit Roadblock

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a metropolitan park seems to have hit a wall, according to Greek media reports, with the Attica Prefecture appealing the Greek state privatization fund TAIPED decision to ink a deal with...
Posted On 24 Nov 2014

Next Phase for Hellenikon Upgrade Project

An 8-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a metropolitan park has moved to the next phase after getting approval from the overseeing auditors, Lamda Development said on Tuesday.
Posted On 12 Nov 2014

Lamda Aims To Turn Former Athens Airport Into A Mega Tourism Destination

Lamda Development aims to turn the Greek capital's former airport in Hellinikon, southern Athens, into a world-class tourism destination that will attract an extra one million tourists per year.
Posted On 24 Jun 2014

Athens Awaits For Completion Of Ambitious Infrastructure Projects

Greece's capital city, Athens, has ambitious infrastructure projects in the works that are expected to give the destination's tourism image a major boost once completed.
Posted On 15 Apr 2014

Lamda Development Is The Preferred Investor For Hellinikon Project

Following a positive opinion of the Council of Experts, the Board of Directors of the Hellenic Republic Asset Development Fund (TAIPED) unanimously declared Lamda Development SA as the Preferred Investor for the acquisition of the 100 percent of the shares of Hellinikon SA.
Posted On 31 Mar 2014

Lamda Development Offers More To Acquire Hellenikon

The consortium led by Greek real estate firm Lamda Development has increased its initial offer by 25 percent for the 100 percent acquisition of Hellenikon, the former Athens Airport site.
Posted On 27 Mar 2014

Second Phase for Anavyssos Tender

The tender for the exploitation of the property at Alikes in Anavyssos is currently in its second phase with three contenders in this stage. These are the consortium of Lamda Development, Reds and Lampsa S.A. (the hotel Grande Bretagne), the Steggou Group with Porto Carras Casino...
Posted On 01 Jun 2008

Flisvos Marina Opens this Month

The fully renovated marina at Flisvos opens in mid-June after five years of work and delays.The investment for the development and operation of the marina infrastructure has reached 45 million euros. The project was completed by the consortium Lamda Development, the state Tourism...
Posted On 01 Jun 2007

Airport Ground Handling Companies Hit Financially

Airport ground handling companies here in Greece now suffer the same financial blows felt by airlines after the New York terrorism attack. Airlines, in an dire attempt to cut costs wherever possible, have made life unbearable for some independent companies, not least of which are...
Posted On 01 Jan 2002