Lamda Development announced today a major land sale within its ambitious Elliniko project, inking a deal with Skriti Enterprises Company Limited, a company owned by the family of shipping magnate George Procopiou. The agreement paves the way for a substantial development encompassing residential, office, and educational facilities, estimated to reach a total investment value of €500 million.
Tag: Elliniko project
LAMDA Development has reported significant progress on the Elliniko project, with property sales exceeding €800 million and expected to surpass €900 million by the end of 2024. Key developments include advancements on the Riviera Tower, The Cove Residences, and Park Rise. Recent sales, including residential plots and a mixed-use tower, have bolstered the company's financial position, marking the project's operational profitability achieved in December 2023.