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.
Tag: residential plots
Lamda Development has completed the sale of five plots at Elliniko, totaling 51,000 square meters, for €106 million, paving the way for €300 million in new residential developments. This transaction is expected to boost the company's profitability and address rising financing needs for ongoing projects in the area.