Sports facilities, new public spaces, residential developments and the Riviera Galleria are among the projects Lamda Development plans to deliver at the Ellinikon redevelopment over the next 12 months.
The landmark urban regeneration project is gradually entering the operational phase of its first infrastructure assets. At the same time, the company is continuing negotiations with Italian financial technology group ION, aiming to sign a final agreement by the end of July for the development of a Research and Innovation Centre. Plans are also progressing for the large-scale residential, hospitality and educational projects scheduled for the coming years.
The updates were provided on the sidelines of an event marking the listing of the bonds from Lamda Development’s recent 350-million-euro bond issue on the Regulated Market of the Athens Stock Exchange.
Commenting on the transaction, Lamda Development Chief Executive Officer Odysseas Athanasiou said the issue was 1.7 times subscribed, with around 14,000 retail investors absorbing 90% of the bonds. He noted that the group has raised approximately 1.4 billion euros in recent years through bond issues and capital increases.
The first project deliveries at Ellinikon are expected this summer. A large part of the sports centre is scheduled to become operational in July, including athletics facilities, throwing areas, and basketball, football and tennis courts.
Before that, the public will have an opportunity to visit the site, as…
