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. Lamda Development SA and an investment consortium (Global Investment Group – China’s Fosun Group and Abu-Dhabi-based property firm Al Maabar) have undertaken the development of the site.
Speaking at a press conference held on 24 June in Athens, the CEO of Lamda Development, Odysseas Athanasiou, said that once the Hellinikon project is completed, Greece will be the only country in Europe to have such a resort in the heart of the capital city.
According to Lamda Development’s plans, the new project will set new standards for the tourism product of the Greek capital as five hotel units that will appeal to different audiences will be created. The new hotels will have a total capacity of 2,500 beds.
The planned resort will help extend the tourism season in Athens as overnights are expected to increase as well as the incoming flow of tourists throughout the year. The Hellinikon resort will also attract more airlines to Athens International Airport to cover the increased demand for travel to the Greek capital.
During the first five years of construction, the project is expected to create thousands of jobs.
The most indicative part of the investment’s philosophy is the creation and preservation of one of the largest parks in the world (15 times larger than the National Gardens) that will offer free access to all.
Construction at Hellinikon is expected to begin in 2016.