The Greek Deal.com
LAMDA DEVELOPMENT
Αgreement with Brook Lane Capital Group for Ellinikon Tower
The completion of the construction for the project is estimated to be within 2028.
Allocation of free shares worth €4.1 million to 31 Beneficiaries
The total value of the above shares amounted to approximately €4.1m, based on the closing price of €6765 of the Company's share on 20.12.2023
Completion of liquidation of the investment in R Energy 1 Holding
As a result of said transaction, LAMDA Development Group is expected to recognise in Q4 2023 an accounting profit, before taxes, of c€6m
Completion of the share capital increase of LAMDA Malls
Lamda Development holds a 95.44% stake in the share capital of Lamda Malls, while the foreign subsidiary of the Lamda Group, Lamda B.V., holds a 4.56% stake.
Designer Outlet Athens transformed into a Single-Member Societe Anonyme
LAMDA Malls is the sole (100%) shareholder of the converted Single-Member Societe Anonyme under the corporate name Designer Outlet Athens Single Member Societe Anonyme
Signing of the final contracts for the financing of the Ellinikon
Lamda Development signed the final contracts with the banks for the Ellinikon project on December 8, as announced today by the listed company.
+121% in EBITDA at €77million in 9M
Group total consolidated operating result (EBITDA) before asset valuations & other adjustments amounted to €35.3m profit in 9M 2023 vs. €2.9m profit in 9M 2022.
Ellinikon is a national vision
The Ellinikon project is much more than an urban redevelopment project, it is a national vision," emphasized Odisseas Athanasiou, CEO of LAMDA Development.
The legislative regulation that will facilitate the timely completion of phase A
The majority of the key projects in the first phase of the ongoing mega project the Ellinikon will be completed by the end of 2026