The Greek Deal.com
LAMDA DEVELOPMENT
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.
Strong Interest for Marina in Kalamaria
As BnB Daily is aware, Lamda Development, via Lamda Marinas Investments is eyeing a sizable portion of Kalamaria Marina.
Shipowner takes 2% of Lamda Development
By selling two percent of the company's shares, Lamda Development announced a strategic partnership with the Prokopiou Group.
Interest of foreign buyers for the new smart green neighbourhood Little Athens
In light of the ongoing urban regeneration in the vicinity of the former airport, foreign buyers' interest in the Elliniko residences is growing as a result of the project's information campaign being launched in major international markets and the wide distribution of international publications.
Record operating profits in commercial and marinas in the first quarter
With four shopping centers operating, Lamda recorded a new all-time record retail EBITDA of €22.5 million in Q1—an 8% increase over Q1 2023. This was before depreciation and amortization.
New Chief Operating Officer Christos Nikolopoulos
Christos Nikolopoulos has been appointed as the new Chief Operating Officer (COO) by Lamda Development.