The Greek Deal.com
LAMDA DEVELOPMENT
New all-time record EBITDA profits in malls and marinas
New all-time record Retail EBITDA (4 Shopping Centers in operation) before depreciation and amortization at €66 million, up 7% vs. 2023 New all-time record EBITDA for Marinas at €16 million, up 14% vs. 2023
Ellinikon is in full swing
CEO of Lamda Development, Odysseas Athanasiou, during a tour of the project's construction site, stressing that the works are in full swing said the project is going according to plan.
Signing of the contract with Lamda Marinas for the Large Vessel Marina in Corfu
The Hellenic Republic Asset Development Fund signed a contract for the sub-concession of the right to construct, operate, manage, maintain and exploit the Marina for Large Vessels of Corfu with Lamda Marinas.
Expected to sign with HRDAF for Corfu Marina next week
In the middle of next week, according to reports, the HRDAF is expected to sign with Lamda Marinas Investments the sub-concession of the right to construct, operate, manage, maintain, and exploit the tourist port of large vessels in Corfu.
Sale of land in Serbia for €36 million
Lamda Development announced the completion of the sale of a plot of land in Belgrade for a price of €36 million.
Investing €5 million for upgrade of Flisvos Marina
Lamda Marinas is investing €5 million for the aesthetic, technological and energy upgrade of Flisvos Marina in 2025, while by the end of the year the sub-concession process for the construction of a marina for mega-yachts in Corfu is expected to be completed.
Receipts from property sales in Elliniko will exceed €900 million
LAMDA Development announced the main milestones, until the publication of the financial results for the first half of 2024, regarding the implementation of the Elliniko project, which is in full swing.
Record profits from shopping centres and marinas in the first half of the year
Lamda Development has achieved a new historic record in EBITDA before valuation in both retail and marine in the first half of the year, announcing a 72% increase in consolidated EBITDA before valuation to €46.5 million.
Water quality at Elliniko unaffected
LAMDA Development commissioned the Hellenic Centre for Marine Research (HCMR) to survey the state of the marine environment in the coastal front of Elliniko, where Europe's largest urban redevelopment is in full swing.
Sold five plots of land in Elliniko for €106 million
Lamda Development has signed definitive contracts and preliminary sale and purchase agreements for the sale of five (5) different plots in Elliniko for €106 million.
80% of the excavation of the undergrounding of Poseidonos Avenue is completed
The subterraneaning of a portion of Poseidonos Avenue is nearing completion as part of Elliniko's ongoing urban regeneration project, which is taking place around the old Elliniko airport.