Land Development

Δευτέρα, 17 Μαρτίου 2014:

Hellinikon

On June 25th, 2021, the financial closing of the Hellinikon Project tooκ place between HRADF (seller) and HELLINIKON GLOBAL I S.A. (buyer), a subsidiary of Lamda Development, marking the beginning of the development of the former Hellinikon airport area and the coastal zone of Agios Kosmas and spearheading one of the largest urban revitalisation projects in Europe. As a result, HRADF received the amount of €300 million as the first installment of the total financial consideration that amounts to €915 million and, in addition, received the Deferred Payment Bond of a maximum amount up to €347,191,349.

 

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