An agreement for the development of a state-of-the-art mixed-use tower within the Business Centre on Vouliagmeni Avenue was signed between Elliniko and Brook Lane Capital Group, as part of the strategic cooperation between the two parties.

The special purpose company Elllinikon Park Tower, which will undertake the development of the Mixed Use Tower with an estimated total budget of almost €500 million, was set up on 13.03.2024 and is controlled 70% by a Brook Lane Capital group company and 30% by Ellinikon Hospitality Investments S.M.S.A. (Lamda's 100% subsidiary).
According to the initial plan, the development of the Mixed Use Tower, c.150m high and approx. 40 floors, will consist of the following uses:

• 5-star hotel with luxury leisure and wellness facilities, conference rooms as well as condostyle rooms • Branded residences with unobstructed views towards the Metropolitan Park and the sea

The management of the hotel and the branded residences will be assigned to an internationally renowned management company. The completion of the construction for the project is estimated to be within 2028.