Lamda Development on Monday announced that the first park at the massive coastal Helleniko site, billed as one of the biggest real estate projects in Europe, has been completed ahead of time.
The seven-hectare greenspace, dubbed the “Experience Park”, comes six months after a long-term concession contract between the Greek state and ATHEX-listed Lamda was finally concluded – more than 20 years since the former Athens airport and various other related facilities operated at the site.
According to Lamda, the park was delivered ahead of time, and marks the first commons in its “The Ellinikon” property, as it has dubbed the massive property development, an iconic privatization that it values at upwards of seven billion euros.
The entire 700-hectare site will host at least a couple shopping malls, a “big box” retail park, up to six high-rise towers, a new marina, a luxury residence row, entertainment venues, and the prospect of an integrated casino resort, all amid what the developer also promises to be the largest expanse of purpose-built greenspace in the congested greater Athens area.
The “draw” for the new park, according to the property developer, is a multiple fountain field next to three small former military hangars – which Greece’s culture ministry had previously, and controversially, declared as modern structural monuments.
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.