LAMDA Development and GEK TERNA Group have signed the agreement for the concession of the land on The Ellinikon site where the latter will develop Greece’s first integrated tourist resort-casino.
The Greek government issued a license for the construction of Greece’s first skyscraper at The Ellinikon paving the way for the billion-euro project to move ahead.
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 regeneration of the coastal front at Ellinikon on the Athenian Riviera will promote Athens as a year-round destination, according to Lamda Development CEO Odisseas Athanasiou.
Plans for Greece’s first ‘green’ skyscraper, to go up along the Athenian Riviera as part of The Ellinikon project, were recently presented by Lamda Development.
A total of 9,000 homes with going rates as high as 25,000 euros/m2 will be constructed at Hellinikon along the Athenian Riviera, according to the head of Lamda Development that is undertaking the project.
INSPIRE Athens, Greece’s first integrated resort and casino to go up in Hellinikon, is expected to increase international tourism arrivals to Attica by 10%.
Lamda Development and TEMES have entered a strategic agreement to develop two state-of-the-art luxury hotels as part of the Hellinikon project in Greece.
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.
