After the deal of Lamda Development with Brook Lane Capital for the mixed use tower in the area of Vouliagmenis Avenue in Ellinikon, two other big projects are at the starting line in the big project of the regeneration of the area of 6.2 million square meters.
In particular, at the end of February, the contractor of the infrastructure projects of Ellinikon is expected to be announced. Their amount amounts to about 500 million euros.
It is recalled that in the middle of last December, financial and technical offers were submitted by the GEK TERNA group, Avax, the Archirodon – Ellactor group and the Intrakat – Wade Adams group, in which the Mytilineos group also participates.
Infrastructure projects include the undergrounding of Vouliagmenis Avenue, the development of utility networks, the construction of a special underground sewage treatment plant to meet the irrigation needs of green spaces (eg park, etc.), but also a extensive network of routes, more than 50 km long.
Marina Tower
At the end of March, the contractor of Marina Tower is expected to emerge. According to information about the tower of the apartments, GEK TERNA has submitted bids in cooperation with ACC, Avax with the Italian Rizzani de Eccher, but also Intrakat in a joint venture with the French Bouygues. Also, Archirodon will participate in the tender, in collaboration with Besix from Belgium, while there is an agreement with Ellactor, which will undertake the construction of the building as a subcontractor, in case the specific scheme becomes the contractor of the project.
The casino
Within the year, the start of the procedures for the development of the Integrated Tourist Complex and Casino in Ellinikon is also expected. The signing of the concession agreement of EEEP with GEK TERNA is expected, as well as its ratification by law by the Parliament.
The investment is expected to reach 1 billion euros.
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.